A developer with local ties will try to make a long-delayed project — which eventually would bring condominiums, businesses and a hotel to downtown Huntington Beach — a reality.
DJM Capital Partners announced in a press release last week that it purchased about 11 acres of the vacant 31-acre site designated for the Pacific City project. It will be the fourth developer to become involved in the project in the last eight years.
Pacific City seeks to bring 516 residential units, shops, restaurants and an eight-story hotel to the site downtown on Pacific Coast Highway between First and Huntington streets. Crescent Heights, a Florida-based development company, sold the land to Santa Barbara-based DJM and owns the remaining 20 acres.
DJM plans to turn 6.5 acres of the land into an outdoor shopping center and 4 acres into an eight-story hotel.
DJM Development Partners President Lindsay Parton said the company hopes to submit its redesign to the center and hotel for approval in January and open in 2015.