The Promenade Shops at Dos Lagos launches redevelopment

Dallas Cypress Equities/SRS Real Estate Partners Managed Services said it has been named property manager for The Promenade Shops at Dos Lagos, a 350,000-sq.-ft. retail lifestyle center located in Corona, Calif.

Managed Services will develop and execute a turn-around plan that focuses on improving the customer shopping and entertainment experience. 

As part of the plan, the company will create public gathering spaces, re-tenant the center with a variety of everyday retailers, services, unique shops and restaurants to complement the current mix of national and regional fashion and entertainment chains, introduce a new movie theatre operator, and expand the center’s promotions, activities and entertainment options.  

The new movie theatre operator is Phoenix Big Cinemas, which currently manages 23 theatres with a total of 172 screens in 14 states.