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Developer Acquires Land For Retail, Hotel In Huntington Beach

11-Acre Property Part of 31-Acre Pacific City Mixed-Use Project
December 3, 2012
San Jose, CA-based DJM Capital Partners has acquired 11 acres for the retail and hotel portion of the Pacific City mixed-use development from Crescent Heights, a developer that bought the site last year.

Moving forward with a different design for the retail and hotel portions, DJM plans to develop on the project's original footprint, with almost 6.5 acres encompassing 191,000 square feet of open-air retail, restaurants and entertainment and four acres for an eight-story hotel.

The new owners hope to bring an eclectic mix of retailers and restaurants that are both local and global to the project, said Lindsay Parton, president, DJM Development Partners, Inc., an affiliate of DJM Capital Partners, Inc.

The company is already established in Huntington Beach as the owner of Bella Terra, an 800,000-square-foot retail center set on 44 acres with more than 70 shops and restaurants. The company is building a mixed-use addition, The Residences at Bella Terra.

DJM's Pacific City property is south of the Huntington Beach Pier along Pacific Coast Highway. Retail and restaurants will be in multiple two-story buildings set around a central pedestrian street. The project will feature sustainable design in the building materials and landscaping.

DJM has engaged the Jerde Partnership as design architect, Lifescapes International as the landscape architect and SMS as the executive architect. DJM will soon submit its aesthetic designs to the City of Huntington Beach for review and approval.
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