
Commercial development veteran Todd Majcher brings a perspective beyond the United States as he leads a mixed-use overhaul of a popular but aging San Diego mall in the city’s center.
Majcher was born in Vancouver, British Columbia, and raised in Victoria on Vancouver Island. Majcher said his pre-career life in Canada and the United Kingdom provided inspiration for his 21-year tenure with Los Angeles-based Lowe, a national developer of commercial, residential and mixed-use properties.
While living in London, “I was fascinated by the city’s diverse neighborhoods and the way great places evolve over time,” said Majcher, senior vice president and regional leader at Lowe.
“What stood out to me was how certain communities had a strong sense of identity and place, where the streets, public spaces, architecture and daily activity all came together to create something memorable,” he added. “It made me appreciate the impact the built environment can have on people’s lives.”
That initial spark of interest led Majcher to study landscape architecture at the University of British Columbia in western Canada, where he focused on design theory, placemaking and how the physical environment shapes community experience.
Majcher followed his college work with a four-year stint as a project manager at DesignWorkshop in Jackson Hole, Wyoming. He joined Lowe in 2005 and has since held several executive positions.
“I began my career as a designer and loved the creative process, but over time I found myself increasingly interested in the broader decisions that drive development,” Majcher said. “As a designer, I often felt frustrated by how little influence I had over the ultimate vision, economics and execution of a project.”
His work at Lowe has helped him “bring all the pieces” of development together, and he’s deploying those in an extensive reconfiguration of a 65-year-old, open-air San Diego mall formerly known as Westfield Mission Valley East.
Lowe and Colorado-based investment firm Real Capital Solutions purchased the mall in 2023. The new owners renamed the center The Valley and began work in 2025 on a planned multiphase redevelopment, with work now nearing completion on the first new elements, including public promenades and gathering spaces, wayfinding signs and expanded dining areas.
Earlier this year, Lowe announced the signing of several new tenants including the first California location for Dick’s House of Sport, an experiential-focused version of the sporting goods chain in a space formerly occupied by Macy’s.
For future phases of The Valley, plans are in the works to replace some parking areas with at least two residential buildings that could include up to 650 apartments. Majcher said the development team is aiming to create a place that brings “decades of relevance,” not merely meeting today’s market conditions.
What was the biggest challenge you faced in redeveloping the San Diego mall property, and how did you resolve it?
The central challenge was transforming an aging and somewhat outdated regional shopping center into a modern mixed-use destination through thoughtful design interventions that reflect not only San Diego’s context and culture but also reveal the project’s original 1960s midcentury vernacular.
Throughout this process, we remained flexible while staying committed to the long-term vision. Working closely with the city of San Diego, our design and construction partners, and retailers, we phased improvements, adapted plans as needed and balanced near-term realities with long-term value creation.
What keeps you up at night?
What concerns me most is the growing gap between the demand for new development and the ability to economically deliver it. Across the country, we’re seeing higher capital costs, inflationary construction pricing, labor shortages and longer permitting and entitlement timelines. Together, those factors make it increasingly difficult to bring transformative projects to market.
At the same time, communities need new housing, jobs, infrastructure and places that create economic vitality. The challenge for our industry is finding ways to continue investing despite those headwinds. That said, I’ve learned that great projects tend to endure through economic cycles.
What career advice would you give to someone just starting out in the real estate business?
My advice is simple: Be curious, be patient, and spend time understanding every part of the business, but most of all do something that you enjoy with people that you like. Additionally, pay close attention to the regional vernacular and context of the community in which you are developing.
Real estate is one of the few industries where finance, design, construction, operations, public policy and community engagement all intersect. The more perspectives you understand, the more effective you’ll become. I would also encourage young professionals to spend as much time as possible in the field. Walk properties, visit construction sites, meet tenants and talk with the people who operate assets every day.
One lesson that has stayed with me throughout my career is that real estate is driven by having a strong vison, integrity and relationships.
Read the full article: Developer brings global inspiration to redevelopment of San Diego mall
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