HUNTINGTON BEACH, CA-DJM Capital Partners has acquired approximately 11 acres for the retail and hotel portion of the planned mixed-use, Pacific City development from Crescent Heights. Consistent with the entitlements, the company plans to develop on the original footprint and with almost 6.5 acres for 191,000-square-feet of open air retail, restaurants and entertainment and four acres for an eight-story hotel.
“We have a rare opportunity to create an exceptional oceanfront destination in one the world’s most recognized beach cities. Our vision is to bring quality retail and dining that appeal to residents and visitors and do it in a way that reflects the essence of the area,” says Lindsay Parton, president, DJM Development Partners Inc., an affiliate of DJM Capital Partners Inc. “It will be casually sophisticated and environmentally sensitive with an eclectic mix of retailers and restaurants that are both local and global.”
Parton tells GlobeSt.com that “the retail development will approach $100 million.”
DJM’s Pacific City property is south of the Huntington Beach Pier along Pacific Coast Highway. Retail and restaurants will be situated in multiple two-story buildings. It will feature sustainable design in the building materials and landscaping and use a natural color palate, according to a prepared statement. The hotel, set on the southern end of the site, will also incorporate the same sustainable design, landscaping program and color scheme as the retail development. It will also maximize the one-of-a-kind location with ocean views throughout including guest rooms, pool deck, common areas and public spaces.
DJM has engaged the Jerde Partnership as design architect, Lifescapes International as the landscape architect and SMS as the executive architect.
The firm is also currently building a mixed-use addition at the residences at Bella Terra. Bella Terra is an 800,000-square-foot retail center set on 44 acres with more than 70 shops and restaurants here.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
