3,000 residential units (minimum 10% designated as affordable).Shopoff owns the former Sears and Macy's buildings and surrounding parking lots totaling about 16 acres.Īccording to the city, the updated plan for the site includes: Shopoff discussed his company's plans to develop their portion of the massive project with Spectrum News a week after the Westminster City Council approved a framework to redevelop the aging and mostly vacant mall along the 405 freeway. "That's what retail is about today, where people can shop, dine and enjoy some entertainment." "We want to create a place where people want to live, work, and play," said Shopoff. Shopoff, the president and CEO of Irvine-based Shopoff Realty and Investments, is one of four owners looking to transform the 1.3 million square foot aging mall into a regional destination. Shopoff said a development of this type could take eight to 10 years to complete.Bill Shopoff, whose company owns the former Sears and Macy's buildings, is one of four owners that must work together to transform the site.The updated plans include up to 600,000 square feet of retail, 3,000 residential units (10% designated affordable), new signage, landscaping and 17 acres of park space. The Westminster City Council approved a new framework on what developers can build at the Westminster Mall site.
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