SAN JUAN CAPISTRANO – The city is launching a study to decide if the Ito Nursery property in the historic Los Rios area of town should be transformed into “River Street,” a rural-themed 60,000-square-foot commercial village.

Developer Dan Almquist of Frontier Real Estate Investments envisions a town marketplace featuring farm-fresh produce, artisan shops, indoor/outdoor dining and office space in six buildings around a grass courtyard.

Almquist introduced the concept at last week’s City Council meeting. Council members voted 4-1 to initiate a study that could lead to an amendment to the Los Rios Specific Plan.

Almquist called River Street “a legacy project” that would respect San Juan’s history and agricultural roots, help further establish San Juan as a dining destination and “could be one of the most iconic projects in Orange County.”

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