Press Releases
Basin Street Properties' Theatre Square Attracts Diverse Group of Tenants as Highly Anticipated Theatre District Revitalization Project Completes Final Phase
PETALUMA, Calif., – September 13, 2007 — Basin Street Properties, a prominent Northern California and Northern Nevada developer of commercial and mixed-use properties, has signed a diverse range of restaurant and specialty retail tenants at the recently completed Theatre Square, located in the heart of downtown Petaluma. The Square — the Theatre District's central hub comprised of 42,000 square feet of retail, 20,000 square feet of office and 53 residential units — marks the final phase of one of the most celebrated city revitalization projects in Northern California.
"The Theatre District has been an integral component of the city's revitalization," said Matt White, president of Basin Street Properties. "Marking the final stage of our four-year development project, it is exciting to see Theatre Square unveil with quality tenants, each perfectly suited to meet the needs of the Petaluma community. On behalf of everyone at Basin Street, I'd like to thank the City of Petaluma and the residents for their patience and support. We welcome businesses, residents and visitors to live, work and play in Petaluma's diverse and thriving downtown core."
The following tenants have secured leases and are open for business in the Square:
- Accents Women's Boutique — 1,200 square feet
- Avalar Real Estate — 2,800 square feet - Opening in Winter 2007/2008
- j.solar Jewelry — 1,145 square feet
- Jennie Low's Chinese Cuisine — 3,000 square feet
- La Dolce Vita Wine Lounge — 1,600 square feet - Opening in Fall 2007
- Powell's Sweet Shoppe — 2,709 square feet
- Sole Desire — 2,213 square feet
- Toys West — 1,883 square feet
- Tres Hombres Long Bar & Grill — 6,300 square feet - Opening in September 2007
- Café Blu - 1,800 square feet - Opening in Fall 2007
"Basin Street has developed a unique destination for Sonoma County businesses, residents and visitors, and we wanted to be a part of it," said John Kosta, owner and general manager of the newest tenant, Marin County-based Avalar Real Estate. "After extensively searching for the ideal location for our expansion into the region, Theatre Square was the clear choice. It will provide us with the most centralized access to potential clients and an exciting downtown atmosphere. We are thrilled with our corner location. Our resident Broker/Manager, Terriann McGowan (president of the Wine Country Chapter of the Women's Council of Realtors), and her team will be open to provide real estate and mortgage services by the end of the year."
Theatre Square boasts an urban feel, consisting of retail space at ground level, with residential space above, including one, two and three bedroom apartments that are currently available for lease. Adjacent to Petaluma's waterfront promenade, 12-screen movie theater and parking structure, the Square block is located between Petaluma Blvd. and Second Street and C and D Streets. Additionally, local artists helped to create the "Faces of Petaluma" Fountain, located in the Square, which includes clay impressions of local residents.
In another area of the Theatre District, OTEAO, a specialty tea shop has leased 1,015 square feet of retail space on Second Street near the parking garage.
The Theatre District is centrally located in Petaluma's historic downtown and offers a new and vibrant destination for residents and workers within the city, throughout the North Bay and beyond. Located in the heart of historic Petaluma, the property boasts waterfront views and a number of retail amenities including a 12-screen movie cinema house. From its open-air plaza, specialty shops and cafés to state-of-the-art office space and amenity-oriented apartments and lofts, the Theatre District is a development unlike any other in the North Bay.
Basin Street Properties, headquartered in Petaluma, Calif., is one of Northern California's and Northern Nevada's prominent developers and managers of commercial properties. Basin Street has become widely recognized for its office, retail and mixed use developments. Founded more than 30 years ago, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. For more information on Basin Street Properties, please call 707.795.4477 or visit www.basin-street.com.
