“Five Lagunas”, the Laguna Hills Mall’s New Name

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Luxury apartments, a movie theater, park and indoor and outdoor shops are all part of the official plan to revitalize the tired Laguna Hills Mall.

Laguna Hills Mall was built in 1973. With the exception of minor updates in 1994, changes have not been made to the center. Merlone Geier Partners bought the property from Simon Property Group in 2013 and has been eyeing ways to update it.

With the redevelopment approved, construction on “Five Lagunas,” the mall’s new name, will start this summer. The first phase is expected to be complete in 2018.

In the first phase of the project, 350 units will open, with more than 900 apartments at the final tally. The apartments will contain luxury amenities like pools and yoga studios.

Developers also will add a luxury movie theater with 14 screens, upscale dining and VIP levels for guests over age 21.

A 1-acre green space called Sycamore Park will host live music and events; a farmer’s market and chef-driven restaurants also will be included.

While a small portion of the mall will remain indoors, most of indoors spaces will be converted to outdoor spaces. The indoor section of the mall will add saltwater fish tanks. Outdoors, drought friendly landscaping will be added.

A six-story parking garage will be added to accommodate shoppers.