The Irvine Spectrum Center’s Bristol Farms Newfound Market is set to close by next month, according to reports.
The nearly 34,000-square-foot grocery store, a new concept for the Bristol Farms company at the time, first opened in March 2022. It also marked the biggest tenant addition for the Irvine Co.-owned shopping center following a previous 2019 expansion.
The spot featured a variety of amenities, including a food hall and full-service Italian restaurant, alongside its localized and high-priced grocery offerings.
Chief Executive Neil Stern of the grocer’s parent company Good Food Holdings said that the closure was determined more so by the location’s performance as a grocery store in a shopping center rather than the “concept itself” in an email, the Grocery Dive reported.
Irvine Spectrum counts 169 stores across 1.2 million gross leasable square feet. The retail hub is ranked the sixth largest shopping center in OC determined by 12-month taxable sales of $601 million as of June 2023, according to Business Journal data.
