DarkNight0917: shopping mall in ca
{{short description|Shopping mall in Buena Park, California}}
{{infobox shopping mall
| name = The Source OC
| logo = The Source OC logo.png
| image =
| caption =
| location =
| coordinates = {{coord|33.8597|-117.9978|display=inline,title}}
| address = 6940 Beach Blvd, [[Buena Park, California|Buena Park]], CA 90621
| opening_date = 2016
| previous_names =
| developer = M+D Properties<ref name="underway">{{Cite web |last=Mello |first=Michael |date=2012-08-09 |title=Huge Buena Park development under way |url=https://www.ocregister.com/2012/08/09/huge-buena-park-development-under-way/ |access-date=2024-04-24 |website=[[The Orange County Register]] |language=en-US}}</ref>
| manager =
| owner =
| architect = [[NBBJ]]<ref name="detail">{{Cite web |last=Kim |first=Chad |date=2017-03-07 |title=A Detailed Look at The Source OC in Buena Park |url=http://archives.developingoc.com/2017/03/a-detailed-look-at-source-oc-in-buena.html |access-date=2024-04-28 |website=Developing Orange County Archives |language=en}}</ref>
| number_of_stores = 62 (2021)<ref name="trd"/>
| number_of_anchors = 0
| floor_area = {{cvt|12.5|acre|ha}}
| floors =
| parking =
| website = {{URL|https://www.thesourceoc.com/}}
}}
'''The Source OC''' is a mixed-use development in [[Buena Park, California]], primarily being used as an open-air shopping mall. Parts of the site are also being used as office space. The site opened in 2016 and is home to many Korean-owned businesses.<ref name="draws"/>
==History==
The Source began construction in August 2012 and was developed by M+D Properties. The center was previously approved by the city, which promised to pay the developer 55% of sales tax revenue made by the project for the next 30 years, in 2010. Buena Park was chosen for its lack of large retailing centers in the area, as the nearest mall at the time, the [[Los Cerritos Center]], was {{cvt|5|mi|km}} away. The mall was also seen as a comeback for the city in the entertainment sector after the closing of [[Movieland Wax Museum]].<ref name="ocbj"/> It was built on an empty field and cost about $325 million overall.<ref name="underway"/> In April 2014, Korean entertainment agency [[YG Entertainment]] proposed a performance venue, recording studio, and nightclub at The Source called YG Land. This plan did not come to fruition.<ref name="intheact">{{Cite web |last=Ponsi |first=Lou |date=2014-04-02 |title=South Korean firm gets in the act at Buena Park venue |url=https://www.ocregister.com/2014/04/02/south-korean-firm-gets-in-the-act-at-buena-park-venue/ |access-date=2024-04-27 |website=[[The Orange County Register]] |language=en-US}}</ref><ref name="entdeal">{{Cite web |last=Ghori |first=Iman |date=2014-04-04 |title=Psy’s management firm in entertainment deal with Buena Park mall |url=https://www.ocregister.com/2014/04/...m-in-entertainment-deal-with-buena-park-mall/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref><ref name="avoid">{{Cite web |last=Robinson |first=Alicia |date=2018-05-15 |title=Buena Park entertainment hub The Source negotiates to avoid auction though new storefronts continue to open |url=https://www.ocregister.com/buena-pa...ault-though-new-storefronts-continue-to-open/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref> The construction of the mall upset many residents who lived nearby.<ref name="boondoggle"/>
The Source opened in late 2016.<ref name="draws">{{Cite web |last=Chan |first=Alex |date=2017-03-24 |title=O.C.’s Koreatown: Buena Park draws residents and businesses from L.A. |url=https://www.latimes.com/socal/daily-pilot/tn-wknd-et-0326-korean-businesses-20170325-story.html |access-date=2024-04-28 |website=[[Daily Pilot]] |language=en-US}}</ref> Despite its high budget, the mall was not able to acquire an [[anchor tenant]]. By 2018, many stores had lost popularity and M+D Properties gained $140 million in loans.<ref name="avoid"/> The hotel filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] in 2021.<ref name="bank">{{Cite web |last=Hamanaka |first=Kari |date=2021-03-02 |title=The Source Hotel Files for Bankruptcy |url=https://www.ocbj.com/tourism/source-hotel-files-bankruptcy/ |access-date=2024-04-28 |website=Orange County Business Journal |language=en-US}}</ref> M+D Properties also announced that the mall is for sale in that same year.<ref name="trd">{{Cite web |last=Bushor |first=Alison |last2=Staff |first2=T. R. D. |date=2021-07-22 |title=M+D Properties Shops Buena Park Mixed-Use Complex |url=https://therealdeal.com/la/2021/07/22/md-properties-looks-to-offload-600k-sf-mixed-use-complex/ |access-date=2024-04-28 |website=[[The Real Deal (magazine)|The Real Deal]] |language=en}}</ref><ref name="labj">{{Cite web |last=Murar |first=Katie |date=2021-07-20 |title=M+D Properties to Sell Mixed-Use Entertainment Center |url=https://labusinessjournal.com/real-estate/md-properties-sell-mixed-use-entertainment-center/ |access-date=2024-04-28 |website=[[Los Angeles Business Journal]] |language=en-US}}</ref><ref name="nearly">{{Cite web |last=Sheets |first=Tess |date=2021-08-16 |title=Buena Park’s The Source and nearly finished hotel are up for sale |url=https://www.ocregister.com/2021/08/...ce-and-nearly-finished-hotel-are-up-for-sale/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref> In 2023, some of the area surrounding The Source was designated as the [[Koreatown]] neighborhood of Buena Park.<ref name="ktown">{{Cite web |last=Kang |first=Hanna |date=2023-10-11 |title=Buena Park unveils first Koreatown sign near the entrance of the Source mall |url=https://www.ocregister.com/2023/10/...wn-sign-near-the-entrance-of-the-source-mall/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref><ref name="defin">{{Cite web |last=Mosqueda |first=Sarah |date=2024-03-29 |title=How one mall has become a culture-defining hub for Orange County's newest Koreatown |url=https://www.latimes.com/food/story/...all-epicenter-korean-orange-county-buena-park |access-date=2024-04-28 |website=[[Los Angeles Times]] |language=en-US}}</ref>
==Features==
Notable tenants at The Source include [[Gong Cha]], [[Mochinut]], Myungrang Hot Dog, [[CJ CGV|CGV Cinemas]], [[Covered California]], [[Coway (company)|Coway]], [[Woori Bank]], and [[Amorepacific Corporation|Aritaum]].<ref name="official">{{Cite web |title=Official website |url=https://www.thesourceoc.com/ |access-date=2024-04-22}}</ref><ref name="thr">{{Cite web |last=Williams |first=Maxwell |date=2017-01-30 |title=Korean Theater Chain CGV Opens Second U.S. Multiplex in Buena Park |url=https://www.hollywoodreporter.com/n...-opens-second-us-multiplex-buena-park-970061/ |access-date=2024-04-28 |website=[[The Hollywood Reporter]] |language=en-US}}</ref><ref name="boondoggle">{{Cite web |last=San Román |first=Gabriel |date=2017-02-16 |title=Will Buena Park’s New Retail Center the Source Put It on the Map—Or Be Its Biggest Boondoggle? – OC Weekly |url=https://www.ocweekly.com/will-buena...-the-mapor-be-its-biggest-boondoggle-7901875/ |access-date=2024-04-28 |website=[[OC Weekly]] |language=en-US}}</ref> It contains {{cvt|200000|sqft|sqm}} of office space and a four-star hotel.<ref name="ocbj">{{Cite web |date=2012-08-24 |title=Big Idea in Buena Park |url=https://www.ocbj.com/retail/big-idea-buena-park/ |access-date=2024-04-28 |website=Orange County Business Journal |language=en-US}}</ref>
The buildings onsite were limited to {{cvt|200|ft|m}} in height to not obstruct the surrounding residential areas and planes flying to [[Fullerton Municipal Airport]]. The Source was given its name for the manmade spring that is located at the center of the site.<ref name="underway"/> It contains the first building in the city to have a [[helipad]], as the seven-floor office tower reaches {{cvt|107|ft|m}}, exceeding the {{cvt|75|ft|m}} requirement for helipads.<ref name="helipad">{{Cite web |last=Kheel |first=Rebecca |date=2014-02-07 |title=The Source may land city’s first helipad |url=https://www.ocregister.com/2014/02/07/the-source-may-land-citys-first-helipad/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref>
==References==
{{reflist}}
==External links==
*[https://www.thesourceoc.com/ Official website]
[[Category:2016 establishments in California]]
[[Category:Buena Park, California]]
[[Category:Shopping malls established in 2016]]
[[Category:Shopping malls in Orange County, California]]
[[Category:Tourist attractions in Orange County, California]]
Okumaya devam et...
{{short description|Shopping mall in Buena Park, California}}
{{infobox shopping mall
| name = The Source OC
| logo = The Source OC logo.png
| image =
| caption =
| location =
| coordinates = {{coord|33.8597|-117.9978|display=inline,title}}
| address = 6940 Beach Blvd, [[Buena Park, California|Buena Park]], CA 90621
| opening_date = 2016
| previous_names =
| developer = M+D Properties<ref name="underway">{{Cite web |last=Mello |first=Michael |date=2012-08-09 |title=Huge Buena Park development under way |url=https://www.ocregister.com/2012/08/09/huge-buena-park-development-under-way/ |access-date=2024-04-24 |website=[[The Orange County Register]] |language=en-US}}</ref>
| manager =
| owner =
| architect = [[NBBJ]]<ref name="detail">{{Cite web |last=Kim |first=Chad |date=2017-03-07 |title=A Detailed Look at The Source OC in Buena Park |url=http://archives.developingoc.com/2017/03/a-detailed-look-at-source-oc-in-buena.html |access-date=2024-04-28 |website=Developing Orange County Archives |language=en}}</ref>
| number_of_stores = 62 (2021)<ref name="trd"/>
| number_of_anchors = 0
| floor_area = {{cvt|12.5|acre|ha}}
| floors =
| parking =
| website = {{URL|https://www.thesourceoc.com/}}
}}
'''The Source OC''' is a mixed-use development in [[Buena Park, California]], primarily being used as an open-air shopping mall. Parts of the site are also being used as office space. The site opened in 2016 and is home to many Korean-owned businesses.<ref name="draws"/>
==History==
The Source began construction in August 2012 and was developed by M+D Properties. The center was previously approved by the city, which promised to pay the developer 55% of sales tax revenue made by the project for the next 30 years, in 2010. Buena Park was chosen for its lack of large retailing centers in the area, as the nearest mall at the time, the [[Los Cerritos Center]], was {{cvt|5|mi|km}} away. The mall was also seen as a comeback for the city in the entertainment sector after the closing of [[Movieland Wax Museum]].<ref name="ocbj"/> It was built on an empty field and cost about $325 million overall.<ref name="underway"/> In April 2014, Korean entertainment agency [[YG Entertainment]] proposed a performance venue, recording studio, and nightclub at The Source called YG Land. This plan did not come to fruition.<ref name="intheact">{{Cite web |last=Ponsi |first=Lou |date=2014-04-02 |title=South Korean firm gets in the act at Buena Park venue |url=https://www.ocregister.com/2014/04/02/south-korean-firm-gets-in-the-act-at-buena-park-venue/ |access-date=2024-04-27 |website=[[The Orange County Register]] |language=en-US}}</ref><ref name="entdeal">{{Cite web |last=Ghori |first=Iman |date=2014-04-04 |title=Psy’s management firm in entertainment deal with Buena Park mall |url=https://www.ocregister.com/2014/04/...m-in-entertainment-deal-with-buena-park-mall/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref><ref name="avoid">{{Cite web |last=Robinson |first=Alicia |date=2018-05-15 |title=Buena Park entertainment hub The Source negotiates to avoid auction though new storefronts continue to open |url=https://www.ocregister.com/buena-pa...ault-though-new-storefronts-continue-to-open/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref> The construction of the mall upset many residents who lived nearby.<ref name="boondoggle"/>
The Source opened in late 2016.<ref name="draws">{{Cite web |last=Chan |first=Alex |date=2017-03-24 |title=O.C.’s Koreatown: Buena Park draws residents and businesses from L.A. |url=https://www.latimes.com/socal/daily-pilot/tn-wknd-et-0326-korean-businesses-20170325-story.html |access-date=2024-04-28 |website=[[Daily Pilot]] |language=en-US}}</ref> Despite its high budget, the mall was not able to acquire an [[anchor tenant]]. By 2018, many stores had lost popularity and M+D Properties gained $140 million in loans.<ref name="avoid"/> The hotel filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] in 2021.<ref name="bank">{{Cite web |last=Hamanaka |first=Kari |date=2021-03-02 |title=The Source Hotel Files for Bankruptcy |url=https://www.ocbj.com/tourism/source-hotel-files-bankruptcy/ |access-date=2024-04-28 |website=Orange County Business Journal |language=en-US}}</ref> M+D Properties also announced that the mall is for sale in that same year.<ref name="trd">{{Cite web |last=Bushor |first=Alison |last2=Staff |first2=T. R. D. |date=2021-07-22 |title=M+D Properties Shops Buena Park Mixed-Use Complex |url=https://therealdeal.com/la/2021/07/22/md-properties-looks-to-offload-600k-sf-mixed-use-complex/ |access-date=2024-04-28 |website=[[The Real Deal (magazine)|The Real Deal]] |language=en}}</ref><ref name="labj">{{Cite web |last=Murar |first=Katie |date=2021-07-20 |title=M+D Properties to Sell Mixed-Use Entertainment Center |url=https://labusinessjournal.com/real-estate/md-properties-sell-mixed-use-entertainment-center/ |access-date=2024-04-28 |website=[[Los Angeles Business Journal]] |language=en-US}}</ref><ref name="nearly">{{Cite web |last=Sheets |first=Tess |date=2021-08-16 |title=Buena Park’s The Source and nearly finished hotel are up for sale |url=https://www.ocregister.com/2021/08/...ce-and-nearly-finished-hotel-are-up-for-sale/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref> In 2023, some of the area surrounding The Source was designated as the [[Koreatown]] neighborhood of Buena Park.<ref name="ktown">{{Cite web |last=Kang |first=Hanna |date=2023-10-11 |title=Buena Park unveils first Koreatown sign near the entrance of the Source mall |url=https://www.ocregister.com/2023/10/...wn-sign-near-the-entrance-of-the-source-mall/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref><ref name="defin">{{Cite web |last=Mosqueda |first=Sarah |date=2024-03-29 |title=How one mall has become a culture-defining hub for Orange County's newest Koreatown |url=https://www.latimes.com/food/story/...all-epicenter-korean-orange-county-buena-park |access-date=2024-04-28 |website=[[Los Angeles Times]] |language=en-US}}</ref>
==Features==
Notable tenants at The Source include [[Gong Cha]], [[Mochinut]], Myungrang Hot Dog, [[CJ CGV|CGV Cinemas]], [[Covered California]], [[Coway (company)|Coway]], [[Woori Bank]], and [[Amorepacific Corporation|Aritaum]].<ref name="official">{{Cite web |title=Official website |url=https://www.thesourceoc.com/ |access-date=2024-04-22}}</ref><ref name="thr">{{Cite web |last=Williams |first=Maxwell |date=2017-01-30 |title=Korean Theater Chain CGV Opens Second U.S. Multiplex in Buena Park |url=https://www.hollywoodreporter.com/n...-opens-second-us-multiplex-buena-park-970061/ |access-date=2024-04-28 |website=[[The Hollywood Reporter]] |language=en-US}}</ref><ref name="boondoggle">{{Cite web |last=San Román |first=Gabriel |date=2017-02-16 |title=Will Buena Park’s New Retail Center the Source Put It on the Map—Or Be Its Biggest Boondoggle? – OC Weekly |url=https://www.ocweekly.com/will-buena...-the-mapor-be-its-biggest-boondoggle-7901875/ |access-date=2024-04-28 |website=[[OC Weekly]] |language=en-US}}</ref> It contains {{cvt|200000|sqft|sqm}} of office space and a four-star hotel.<ref name="ocbj">{{Cite web |date=2012-08-24 |title=Big Idea in Buena Park |url=https://www.ocbj.com/retail/big-idea-buena-park/ |access-date=2024-04-28 |website=Orange County Business Journal |language=en-US}}</ref>
The buildings onsite were limited to {{cvt|200|ft|m}} in height to not obstruct the surrounding residential areas and planes flying to [[Fullerton Municipal Airport]]. The Source was given its name for the manmade spring that is located at the center of the site.<ref name="underway"/> It contains the first building in the city to have a [[helipad]], as the seven-floor office tower reaches {{cvt|107|ft|m}}, exceeding the {{cvt|75|ft|m}} requirement for helipads.<ref name="helipad">{{Cite web |last=Kheel |first=Rebecca |date=2014-02-07 |title=The Source may land city’s first helipad |url=https://www.ocregister.com/2014/02/07/the-source-may-land-citys-first-helipad/ |access-date=2024-04-28 |website=[[The Orange County Register]] |language=en-US}}</ref>
==References==
{{reflist}}
==External links==
*[https://www.thesourceoc.com/ Official website]
[[Category:2016 establishments in California]]
[[Category:Buena Park, California]]
[[Category:Shopping malls established in 2016]]
[[Category:Shopping malls in Orange County, California]]
[[Category:Tourist attractions in Orange County, California]]
Okumaya devam et...