Shopoff Realty Investments officially kicked off the transformation of the former Westminster Mall on Wednesday, with a ceremonial groundbreaking marking the long-anticipated redevelopment of the 83-acre site into a mixed-use community known as Bolsa Pacific.
The groundbreaking featured a symbolic moment as CEO Bill Shopoff climbed into a 70,000-pound excavator and tore down the “Westminster Mall” signage, revealing a banner for the future project behind it.
Plans for Bolsa Pacific call for about 2,250 housing units, including a mix of for-sale homes, market-rate apartments and affordable housing, along with a 120-room hotel, 220,000 square feet of retail space and more than 15 acres of open space.
Westminster city officials said the redevelopment represents a major step toward revitalizing the area and restoring economic activity at the site, which has long served as a regional destination.
Check out the April 20 edition of the Business Journal for more information.
