Shopoff purchased two parcels totaling 26 acres of the Westminster Mall, in 2022. The Macy’s parcel consists of 11.9 acres including a currently operating Macy’s department store and adjacent parking lot. Shopoff has leased the space back to Macy’s. The second parcel includes a vacant former Sears building and adjacent parking lot, totaling 14.1 aces. The aging mall opened in 1974, and is currently anchored by Target, JCPenney, and Macy’s.
The Project represents a unique opportunity to acquire a significant site in a high barrier to entry market in coastal Orange County, California. In November 2022 the city of Westminster approved a general plan amendment, Specific Plan and Environmental Impact Report (EIR) for the entire Westminster Mall site, which allows up to 2,550 units on the property. Shopoff is currently working with the City to process entitlements for a mixed-use development.