Irvine’s SARES REGIS Group has reached an agreement to lease and redevelop a former furniture showroom site in the city of Huntington Beach. The tentative concept for the 11-acre site envisions a mixed-use retail and luxury apartment home community.
The site is at 7441 Edinger Avenue and is adjacent to recently renovated Bella Terra, a 48-acre open air mall containing restaurants, shops and a 20-screen megaplex theater which would provide future residents of the project with excellent access to shopping and entertainment, says Bill Montgomery, president of SRG’s Multifamily Acquisition & Investments Division.
Montgomery says the company and city are in discussions regarding entitlements for the parcel, which will be developed in the Town Center Core and Neighborhood segments of the new Beach and Edinger Corridors Specific Plan in process with the city.
“We are very excited by the prospect of bringing a new luxury apartment home community to the City of Huntington Beach,” says Montgomery. “The city’s concept as outlined in the Beach and Edinger Corridors Specific Plan is truly visionary and will position Huntington Beach for new and revitalized growth in the years to come.”
SARES REGIS Group is no stranger to the city, having completed the conversion and successful sell-out of the Seabridge Condominium community on Beach Boulevard in 2004.