The proposed DJM Capital mixed-use development at Bella Terra in Huntington, California, has been approved by the city. The project is developed by DJM Capital and PGIM, an asset management firm.
The DJM Capital mixed-use residential development will come up on a total of 182 000 square foot pieces of land. The sites are currently occupied by Burlington Coat Factory (149,000-square-foot) and a retail building (33,000-square-foot) at 7777 Edinger Avenue. These facilities will reportedly be brought down for the DJM Capital mixed-use development to be built.
An overview of the DJM Capital mixed-use development at Bella Terra in Huntington
The development will have 300 residential units and 25,000 square feet of ground-floor retail and restaurant space. The additional apartments will bring the total number of apartments in Bella Terra to 767. Currently, there are 467 apartments at Bella Terra.
The apartments are a component of the master design for the shopping center. West of the center and outside of its master plan are two other sizable apartment buildings: Boardwalk by Windsor and Avalon Huntington Beach.
According to PGIM and DJM, the project will also accommodate more housing, including affordable housing. DJM particularly said that the project’s remaining design and engineering work will be completed, and permits will be obtained.
By the end of 2023, construction, which is anticipated to take 2.5 years, will start, and residents should be able to move in by the beginning of 2026.
Other DJM Capitals developments
The is responsible for several similar developments including the Pacific City and Lido Marina Village in Huntington Beach. The company also was responsible for the development of Gateway Center, a 79,000-square-foot shopping center in the city of Mission Viejo.
Additionally, DJM developed the $100 million Ovation Hollywood redevelopment in Los Angeles at the retail complex formerly known as Hollywood & Highland. At Long Beach Exchange, in partnership with PGIM, the company is developing a 246,500-square-foot, grocery-anchored retail center.
Furthermore, at Bella Terra, the two are developing an 852,000-square-foot shopping center near the 405 Freeway and Beach Boulevard. When it was still known as the Huntington Beach Mall, the owners purchased the property in 2005.