CARLSBAD — Plans to continue renovations at The Shoppes at Carlsbad are in the works, according to media reports.
The mall, which was sold from Rouse Properties Inc. to Brookfield Asset Management for $2.8 billion in February, will continue to be operated by Rouse.
According to a statement from Rouse, the private company said it will manage a portfolio of retail centers and is committed to renovations.
Rouse bought the 46-year-old mall from Westfield Corp. last year. Westfield announced $300 million in renovations several years ago and added a gym, movie theater and several restaurants.
However, about $100 million was put forward with renovations before Westfield sold the mall for $170 million.