HP Investors, FABRIC Buy Antique Mall on State Street in Carlsbad for Redevelopment


Once renovated, State Street Commons will offer more than 22,000 square feet of retail and creative office space.

CARLSBAD, CALIF. — HP Investors and FABRIC have acquired Antique Mall on State Street, a commercial property located in downtown Carlsbad. Bill Ostrie sold the property for an undisclosed price. The team plans to redevelop and rebrand the nearly 70-year-old property as State Street Commons.

Located at 2742-2742 State St., the renovated property will provide more than 22,000 square feet of retail and creative office space. The $15 million renovation will maintain the asset’s architectural integrity, character and charm, while increasing safety and providing modern upgrades to the facades, storefronts and interiors. Additionally, the two steel-framed Butler Buildings with 28-foot ceilings and Quonset hut (an arch-shaped steel military structure popular in the 20th century) will be preserved and updated.

Renovations are scheduled to begin in mid-November and continue until summer 2020.

G Coleman Architect and FieldXStudio will serve as architects, while C2 Building Group will serve as general contractor for the project.

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