THE OPPORTUNITY

In July 2022, Shopoff acquired the 14.1-acre former Sears parcel at the Westminster Mall in Orange County, California. One month later, in August 2022, the firm acquired the 11.7-acre Macy’s parcel. In January 2026, Shopoff acquired the balance of the Westminster Mall, an additional 57.5 acres, totaling 83.3 acres.

Built in 1972, the Westminster Mall is prime real estate that sits along the 405 freeway, between Los Angeles and Orange County destinations, making it ideal for single professionals and families.

HOW SHOPOFF IS ADDING VALUE

Shopoff’s vision to turn the aging mall back into a regional destination, Bolsa Pacific at Westminster, supports the specific plan presented by the City of Westminster Planning Department in December 2022, a guide for the coordinated redevelopment of the mall.

The planned Bolsa Pacific at Westminster development aims to deliver approximately 2,250 housing units, including a mix of for-sale housing, as well as market-rate and affordable rental housing, to help address the growing demand for housing in the city of Westminster and neighboring communities. The project will also include 120+ hotel keys, as well as more than 220,000 square feet of placemaking retail. In addition, in response to the specific plan and community needs, the site will dedicate more than 15 acres to open space, including private resident spaces, open-air promenades, and a network of walking trails. Current entitlement plans have been submitted to the city for review, with anticipated approval in 2026.

The development will occur in three phases. Demolition of the existing mall is planned for Q1 2026, with Target continuing to operate during this time. Once the demolition and entitlements are completed, construction is anticipated to begin in Q4 2026. To learn more about Bolsa Pacific at Westminster, head to bolsapacific.com.

Disclosures

An investment in a Shopoff fund involves a high degree of risk, including the possible loss of your entire investment, and is illiquid with an uncertain liquidity date. This material does not constitute an offer to sell or a solicitation of an offer to buy any security. Securities offered through Shopoff Securities, Inc. Member FINRA/SIPC.

These properties are one of a number of properties that are managed by Shopoff Realty Investments, and owned by open and closed investment funds. For the listing of all Shopoff’s current holdings visit: https://www.shopoff.com/current-assets/