What Began as a Tired Indoor Mall is now Reimagined as an Outdoor California Shopping, Residential and Dining Destination
Conveniently located at the 405 Freeway and Beach Boulevard in Huntington Beach – DJM acquired the property in 2005 and completed a property redevelopment plan to effectively reposition the former Huntington Beach Mall, an antiquated indoor mall, into an attractive lifestyle center renamed Bella Terra.
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Oversaw a $50M initial “de-malling” reposition in 2006.
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Acquired additional 13.5 acres to develop 467 multifamily units, 30,000 sf. of new retail, a 150,000 sf Costco and accompanying Costco Gas station.
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Increased NOI 53% from $13.6m in 2006 to $22.5M in 2022
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467 multifamily units, 150,000 sf Costco and accompanying Costco Gas station, and 30,000 sf of new retail.
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Increased NOI 53% from $13.6M in 2006 to $22.5M in 2022.
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Recapitalized the project with Prudential and in 2015.
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The original HB Mall”
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Removal of Montgomery Ward”
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2005-2018”
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Design of new green space and public beer garden”
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Demo of existing amphitheater ”
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Launch of re-designed Bella Terra in 2019”
Bella Terra Today
