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The New Era Of Foothill Ranch Towne Center: 5 Massive Changes Happening Now (Costco, New Stores, & More)

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The Foothill Ranch Towne Center, a cornerstone of retail in the master-planned community of Lake Forest, California, is currently undergoing one of the most significant transformations in its history. As of this current date in December 2025, the sprawling Orange County complex is shedding its old skin, anchored by the highly anticipated arrival of a massive new warehouse retailer and a wave of new community-focused stores.

This major retail destination, situated strategically near the California Route 241 Toll Road, is evolving from its original 1990s layout into a modern, high-traffic commercial hub designed to serve the rapidly growing needs of South Orange County residents. The developments are not just about new buildings; they represent a fundamental shift in the center's commercial identity, promising to cement its status as a premier regional shopping destination for years to come.

The 5 Biggest Updates Transforming Foothill Ranch Towne Center

The changes at the Towne Center are sweeping, touching on everything from major anchor tenants to smaller, community-focused services. Here are the five most significant updates shaping the future of the retail center.

1. The Arrival of Costco: The End of the Regal Cinema Era

The single most impactful piece of news dominating the Foothill Ranch Towne Center landscape is the official plan for a new Costco warehouse store. This development signals a monumental shift in the center’s retail strategy and is set to dramatically increase foot traffic and regional draw.

  • The Site: The new Costco will be built on the 16-acre site previously occupied by the defunct Regal Cinema. The demolition of the old movie theater—a landmark for many years—is paving the way for the warehouse retail store.
  • The Size: The new store is planned to span approximately 160,811 square feet. This massive footprint underscores the scale of the investment and the expected impact on the local economy.
  • Regional Significance: This location will become the 14th Costco store in Orange County, making it a crucial addition for the Lake Forest community and surrounding areas. The company acquired the site for $12.5 million, confirming the seriousness of the development.
  • Timeline: Costco has officially submitted its plans to the City of Lake Forest, moving the project from speculation to a confirmed development on the fast track.

The transition from a movie theater to a major warehouse retailer like Costco reflects a broader national trend in retail, where experiential entertainment venues are being replaced by high-volume, necessity-driven shopping centers.

2. A Wave of New Community-Focused Retailers (2025 Openings)

Beyond the Costco mega-project, the Towne Center is seeing a significant influx of new tenants focused on value and community service, many of which are slated to open their doors in 2025. This diversification strengthens the center's role as a true community hub.

Goodwill of Orange County’s New Retail Store

In a major boost for local non-profit retail, Goodwill of Orange County is scheduled to celebrate the grand opening of its newest retail store and donation center in November 2025.

  • Size and Scope: The new space will encompass approximately 20,000 square feet.
  • Impact: This new location will offer a vast array of affordable goods while supporting Goodwill’s mission to provide job training and employment services across Orange County.

The Salvation Army Thrift Store Opening

Joining the non-profit retail sector, The Salvation Army is also set to open a new Thrift Store in Foothill Ranch in June 2025. This adds another major option for value-conscious shoppers and those looking to donate and support charitable causes within the area.

The Arrival of At Home

Adding to the center’s home goods offerings, At Home, a massive 85,000 square-foot retailer, recently opened its first California store at the Foothill Ranch Towne Centre. This major home décor superstore further solidifies the center as a regional destination for large-format retail.

3. Anchor Tenant Stability and Remodeling Projects

While new tenants are arriving, the existing foundation of the Foothill Ranch Towne Center remains strong, with several long-term anchors reaffirming their presence through expansion and remodeling projects.

  • Walmart Expansion: The existing Wal-Mart store, a major original anchor (alongside the former HomeBase), is undergoing an expansion and remodeling project. This modernization effort ensures the facility remains current and competitive, enhancing the overall shopping experience.
  • Existing Power Retailers: The center continues to thrive with established national retailers such as PetSmart, Planet Fitness, CVS, Bank of America, and Hoag, reinforcing its status as a comprehensive "power center."
  • Dining and Quick Service: The robust dining options, including Chipotle Mexican Grill, Red Robin Gourmet Burgers and Brews, Taco Bell, McDonald's, and the family favorite Chuck E. Cheese, provide essential amenities for shoppers and the local community.

4. The Foothill Ranch Food Festival 2025 and Community Events

The Towne Center is not just a place for shopping; it is a major focal point for community activities in Lake Forest. The calendar for 2025 includes significant events that will draw local residents and visitors alike.

A notable event is the Foothill Ranch Food Festival, scheduled for Sunday, October 5, 2025. These types of events are crucial for fostering a sense of community, drawing crowds, and providing a vibrant, experiential atmosphere that complements the retail offerings. The center's location and ample parking make it an ideal venue for large-scale gatherings.

5. Property Ownership Changes and Future Investment

The long-term health of the Towne Center is also reflected in recent high-value real estate transactions. A portion of the 1 million-square-foot, master-planned center was recently subject to a disposition by Foothill Ranch LLC. These sales, including a $96 million transaction for a property on Towne Centre Drive, indicate continued strong investor interest and confidence in the economic viability of the Orange County retail market.

The sold portion included prime retail space occupied by tenants like At Home, PetSmart, Chipotle Mexican Grill, Red Robin Gourmet Burgers and Brews, and a nail salon. The change in ownership suggests a fresh injection of capital and a renewed focus on maximizing the center's potential as a premier retail destination in the Lake Forest area.

Foothill Ranch Towne Center: A True Orange County Retail Destination

The Foothill Ranch Towne Centre, along with the adjacent Foothill Ranch Marketplace, has long been a key commercial asset for the region. Its strategic location, excellent visibility, and accessibility along the California Route 241 Toll Road make it a highly desirable location for major national retailers.

The center’s management and the City of Lake Forest are clearly committed to ensuring its ongoing relevance. By facilitating the demolition of the outdated Regal Cinema and approving the construction of a major national retailer like Costco, they are making a bold statement about the future. This move ensures that the center remains a competitive power center capable of meeting the diverse needs of the surrounding master-planned community. The combination of high-volume shopping, value-driven thrift stores, and essential services creates a comprehensive and resilient retail ecosystem that will serve Orange County well into the next decade.

The New Era of Foothill Ranch Towne Center: 5 Massive Changes Happening Now (Costco, New Stores, & More)
foothill ranch towne center
foothill ranch towne center

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