Retail Space Leasing
Retail space leasing becomes available for move in Spring 2021. Station Ave. Rohnert Park, CA. – Office Space Leasing enquiries. 130,000 Sq. Ft. of Class A Retail Space. Scheduled release Fall 2020.
Vision for Downtown Rohnert Park to be Retail Space Leasing
Laulima Development unveils new website with architectural renderings, detailed site plan, and the key next steps for long-awaited Downtown Rohnert Park project including retail space leasing.
Retail Space Leasing
Rohnert Park, CA – Today, Laulima Development launched www.StationAveRP.com, a comprehensive website to showcase the Station Ave redevelopment project at the former State Farm Insurance campus. Located on 32 acres south of Rohnert Park Expressway at 6400 State Farm Drive, Station Ave reimagines the site as a walkable destination, connecting the Rohnert Park SMART station with a vibrant mix of commercial, retail, residential, and public gathering spaces & retail space leasing.
Retail Space Leasing Rohnert Park
“Station Ave is the culmination of years of hard work by the City and residents of Rohnert Park to create a thriving Downtown area,” stated David Bouquillon of Laulima Development. “With its transit-rich location and diverse collection of uses, Station Ave represents a once-in-a-generation opportunity to create something that is truly special for the community & retail space leasing”
Retail Space Leasing Station Avenue will feature 120,000 square feet of retail focused on a bustling town square, 130,000 square feet of office, and 415 apartments and townhomes. Early indications show a strong interest among potential tenants in having a presence at Station Ave including & office space leasing. To date, Laulima has had discussions with retailers to pre-lease 40 percent of the available retail space, which demonstrates an incredibly high demand for a project in its early stages.
“Rohnert Park has certainly caught the attention of many high quality retailers,” added Bouquillon. “They view Station Ave as a rare chance to locate within an exciting new Downtown – one that is surrounded by housing, offices, restaurants, public amenities, and most importantly, a regional transit option. You can’t find that anywhere else in the North Bay.”
Retail Space Leasing Depending on the timing of City approvals, construction & & office space leasing of Station Ave could start in the first quarter of 2019 and be completed in the end of third quarter in 2020. Interested residents are encouraged to sign up for periodic updates at www.StationAveRP.com to receive the latest news and information about the project.
Founded by development partners David Bouquillon and Jes Slavik, Laulima Development is a privately owned real estate investment and development company engaged in the acquisition, development and operations of unique properties primarily in the Western United States. Known as premier developers of mixed-use, residential, retail and office properties, Laulima partners and professionals have collectively developed over 10 million square feet, including some of the most innovative and distinctive properties in California. We bring our years of experience to each development, all of which reflect the company’s commitment to integrity, innovation and quality. Learn more at www.laulima-dev.com.
Developer expands proposal for Rohnert Park downtown district at former State Farm campus
The developer pitching an extensive redevelopment project in central Rohnert Park is seeking to both expand and accelerate its aspirations to create a vibrant downtown hub along the city’s commuter rail station.
Station Avenue, formerly called Rohnert Station, envisions a mixed-use development that would include homes, offices, retail shops and a hotel on a 32-acre campus just south of Rohnert Park Expressway. The sprawling, 320,000-square-foot facility was previously occupied by State Farm Insurance but has sat vacant since the company left in 2011.
Laulima Development, the San Francisco-based developer who bought it for $13.5 million last December, intends to submit its final development application to the city in the coming weeks.
It seeks to increase the combined amount of office and retail space to 250,000 square feet — a more than 40 percent expansion from an initial proposal — at least partly in response to high levels of interest from prospective tenants.
“For us, if we really want to create a meaningful downtown — that sense of place — we need that critical mass,” said David Bouquillon, managing partner of Laulima. “Early on, it was light. We’re always try to balance for that perfect ratio.”
The new downtown district, located next to the city’s existing SMART train commuter platform, also would include 415 units of market-rate housing spread across 150 for-sale homes and the remaining number in above-office rental lofts and apartments. While that total is unchanged from the earlier plans, the new layout also makes room for a new 156-room hotel to be built by a partner developer.
“We’ve been getting a lot of demands for hotels, and it piqued our interest,” Bouquillon said. “We found a way to make it work and it adds to the urban downtown, so we put that in the application.”
As part of the announcement last week, the company unveiled a new website with design renderings, a site plan, as well as a countdown to completion.
It is seeking to finish core elements of the project — the five-story buildings for retail, office space and apartments, plus the city square with green spaces and other pedestrian-focused public amenities — by the fall of 2020. The hotel and balance of housing are expected to be finished not long thereafter.
“There is no question the project is ambitious and they have an aggressive timeline,” said Zach Tusinger, a housing and economic development planner for the city. “We’ll move through it as quickly as possible, but certainly process it and make sure everything is complete.”
In order to hit its projected schedule, which targets a pre-holiday timetable for the benefit of future retailers, Laulima is shooting for city approval by the middle of September. That requires moving quickly through the environmental analyses and also receiving parks and planning commission approvals before it heads to the City Council.
By the end of the year, demolition of the existing structure would take place over the course of about a month and a half, Bouquillon said. Crews would then mobilize to construct roads and install infrastructure while the company obtains necessary building permits to go vertical.
The City Council decided in April to exempt development in the downtown area from a new fee on developers of rental housing to help fund future affordable units.