Carlsbad, Calif. — HP Investors and FABRIC have acquired Antique Mall on State Street, a commercial property located in downtown Carlsbad. Bill Ostrie sold the property for an undisclosed price. The team plans to redevelop and rebrand the nearly 70-year-old property as State Street Commons. Located at 2742-2742 State St., the renovated property will provide more than 22,000 square feet of retail and creative office space. The $15 million renovation will maintain the asset’s architectural integrity, character and charm, while increasing safety and providing modern upgrades to the facades, storefronts and interiors. Additionally, the two steel-framed Butler Buildings with 28-foot ceilings and Quonset hut (an arch-shaped steel military structure popular in the 20th century) will be preserved and updated. Renovations are scheduled to begin in mid-November and continue until summer 2020. G Coleman Architect and FieldXStudio will serve as architects, while C2 Building Group will serve as general contractor for the project.