Costa Mesa Council Backs Trinity Redevelopment
Costa Mesa’s City Council voted in favor of moving forward a proposal to tear down the former Trinity Broadcasting Network headquarters in Costa Mesa and replace it with a residential development.
The unanimous support is the latest step in Meritage Homes’ proposal to replace one of the most iconic and recognizable buildings in Orange County with 142 units of condominiums and townhouses. The Costa Mesa council must support the project in an upcoming second vote before the proposal is officially greenlit.
The Business Journal, in its Aug. 4 issue, reported the Costa Mesa Planning Commission approved a rezoning request, allowing the former Trinity Broadcasting Network headquarters to be redeveloped into 142 residential units.
Trinity Broadcasting Network, a Christian-themed television production company, built the ornate palazzo-style building across from South Coast Plaza in 1976 and remained there through 2017. The Khoshbin Co. bought the building and property in 2021.
Westminster Retail Center Sold for $10 Million
A 27,080-square-foot retail center in Westminster is under new ownership, as Downey-based Loy Pham bought Edwards Center from Rancho Cucamonga-based Jack Ghazarian for $9.98 million, according to public documents.
Edwards Center, located at 6444-6486 Westminster Blvd. in Westminster, sold for nearly $369 per square foot.
“This fully leased, value-add retail strip center had not been on the market since its acquisition in 2002 and features a stable tenant base, with over 75% of tenants occupying their spaces for more than 15 years. Despite reported below-market rents, the property attracted strong investor interest, receiving over 30 offers within 60 days,” according to a CoStar statement about the sale.
Tenants at Edwards Center at the time of the sale included Westminster Table Tennis, Tiger’s Tae Kwon Do, Valuetina’s Pizza and Sumran Thai Cuisine.
Edwards Center was built in 1981.
