HP Investors (HPI) and FABRIC have purchased the Antique Mall on State Street, which will be the largest commercial renovation in the downtown Carlsbad area in decades.
Sumeet Parekh, Managing Partner, HP Investors said, "This project will bring a curated mix of retail and commercial companies to Carlsbad Village that will complement the eclectic and vibrant nature of the neighborhood. We are thrilled to build in an area that is experiencing great residential and visitor growth and look forward to delivering an inspiring project and announcing exciting future tenants."
The $15 million project will pay tribute to the City of Carlsbad's history by maintaining the architectural integrity, character and charm of the nearly seventy-year-old buildings that run from 2742 to 2752 State Street. The renovations will increase safety and provide modern upgrades to the façades, storefronts and interiors. The two steel-framed Butler Buildings with 28-foot ceilings and notable Quonset hut (arch-shaped steel military structure popular in the 20th century), will be preserved and updated. Through innovative design and thoughtful repurposing, the renovated buildings will provide over 22,000 square feet of new top-tier retail and creative office-space. The retail spaces along State Street will house best-in-class restaurants, retail and cafes and the office is likely to attract technology and design firms from around the county and state. Renovations will begin in mid-November and continue until next summer.
