Urban Infill Properties, Inc.




Mixed-use high density infill redevelopment opportunity

Executive Summary

The subject property is well-located at the northeast corner of Edinger Avenue and Gothard Street in the city of Huntington Beach, CA. The site consists of approximately 12.44 acres and benefits from its close proximity to the Bella Terra Mall, Golden West College, the 405 Freeway, and access to the beach. Site configuration is rectangular with the approximate dimensions of 605' x 910' and is bordered by the following:

  • East - the Bella Terra Mall site, the western portion of which (the former Montgomery Wards site) is currently being processed for the development of 500-800 residential units, 137,000 sf of commercial, and/or a hotel.
  • North - College Country Shopping Center, plans for which are currently being processed to build approximately 440 residential units over 10,000 sf of commercial space.
  • West - Golden West College and various strip retail properties.
  • South - single and multi-tenanted commercial properties.
AP# Approx. Size
142-074-02 .232 ac
(abandoned rail siding)
142-074-03 2.71 ac
142-074-04 8.99 ac
142-074-05 .517 ac
  12.44 ac

Existing Improvements/Leases

The site is currently improved (Parcels -02, -03, and -04) with an approximate 234,000 sf concrete tilt-up building (the former Levitz building).

Parcel 05 is built out as an automotive facility and is leased to EZ Lube through 9/14/11, with three (3) five (5) year options to extend.

Zoning Designation CG - Commercial General
General Plan Designation CR Commercial General
General Plan Update: Mixed-Use
Specific Plan:  Town Center Neighborhood (Front)
Town Center Neighborhood: Core Edge (Back)

The City is currently processing an EIR for the Beach/Edinger Corridor Specific Plan, which may allow mixed-use development to include Residential, Office, Retail and/or Hospitality uses. We believe that the flexibility offered under the Specific Plan will allow the Subject Property to be developed to its highest and best use in a strong rental market with acute barriers of entry.

Transaction Structure

The owner desires to retain some form of ownership and would like you to consider land lease or joint venture transactions. We believe that this can be beneficial to the chosen developer given today's capital markets. Specifics of the joint venture relationship are addressed in the Suggested Terms section.

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