In March 2019, Space Investment Partners acquired this ±60,000-square-foot center at the intersection of Newport Beach and Costa Mesa, initiating a comprehensive repositioning and modernization effort:

• Anchor Tenant Enhancements: Space expanded Irvine Ranch Market by ±2,500 square feet, introducing a modern deli and wine bar to enhance the shopping experience. Additionally, Space secured a 10-year lease renewal with the anchor tenant, doubling their rent and introducing percentage rent for added revenue.
• Rebranding and Modernization: The center underwent a complete rebranding, with updated storefronts, new signage, and a refreshed theme to create a contemporary and cohesive aesthetic.
• Re-tenanting and Merchandising: Space executed a full re-tenanting strategy, attracting high-end tenants like Nike Training Club, XPT Fitness, Verde (a farm-to-table restaurant and bar), Coffee Dose, and Facial Lounge. The center also incorporated medical uses such as Ocean Pediatrics, dental practices, and a veterinarian, creating a dynamic mix of retail and essential services.
• Landscaping Upgrades: All landscaping was updated, introducing a contemporary look that complements the center’s modernized branding and storefront designs.

With its elevated design, diverse tenant mix, and prime location, The Ranch at Newport Bay has transformed into a premier retail and lifestyle destination serving the vibrant communities of Newport Beach and Costa Mesa.