Bella Terra Associates, LLC
7777 Edinger Ave.
Huntington Beach, CA
Bella Terra Residential
City Council Hearing
Entitlement Requests
DJM Capital Partners
• DJM provides private equity investment,
development and asset management services within
the real estate sector.
• Core strength in retail combined with expertise in
office, industrial and residential product types.
• DJM's superior market knowledge and strategic
acquisition of undervalued assets is represented by a
current portfolio of over 3 million square feet.
Bella TerraProperty Overview•DJM acquired in 2005.•$280 million invested in the property since acquisition.•739,000 SF of mixed-use open-air shopping, dining, and entertainment with 476 residential units into one cohesive lifestyle environment in Huntington Beach, CA. •Features over 70 stores, outdoor cafes and restaurants, including a 20-screen Century Theaters Multiplex, Whole Foods Market, Cheesecake Factory, King’s Fish House, REI, Barnes & Noble, Peet’s Coffee, Cost Plus World Market, Huntington Surf and Sport, and a 155,000 square foot Costco.
Proposed New Development
o OVERALL PROJECT
§ 392,000 square feet
§ 5 stories of residential over 2 stories of retail & parking o RESIDENTIAL – Market Rate
§ 300 units
• Studio Units: 16%
• 1-Bedroom Units: 50%
• 2-Bedroom Units: 32%
• 2-Bedroom + Den Units: 2%
§ 12,500 square feet of indoor common areas
§ 57,000 square feet of outdoor common areas
o RESIDENTIAL – Affordable
§ 15% of units will be Affordable
• 45 units of 300 total
• 27 will be Moderate-Income Affordable
• 18 will be Low-Income Affordable
o RETAIL
§ 25,000 square feet of retail/restaurant space
§ Integration with adjacent 900,000+ square feet of adjacent shopping center •
o PARKING
§ 404 new parking spaces provided on-site
§ 76 bike parking spaces provided on-site
§ All resident parking self-contained within private, separate garage • Guest and retail/restaurant provided in adjacent, existing parking garage
Proposed Entitlement Requests
o Addendum Environmental Impact Report (EIR)
§ Preparation of Addendum #2 to the Village at Bella Terra EIR No. 07-003 to analyze the potential environmental impacts of the proposed project. o General Plan Amendment
§ Modify existing area boundaries (Area A and Area B) of th e Bella Terra Specific Plan.
§ Modify the current General Plan Land Use designations. o Zoning Text Amendment
§ Modify the
existing Bella Terra Specific Plan (SP-13)
§ Divide Area B into Sub-Areas B.1 and B.2
§ Revise development standards for Subarea B.2 (subject project site) § Update the parking allocations, pedestrian circulation plan, conceptual circulation plan,
and landscape concept.
§ Text and Figure revisions to reduce the size of Area A and increase the size of Area B.
Bella TerraParking Analysis•912 spaces provided for existing Burlington Coat Factory•755 spaces required by Proposed Project•404 spaces provided by Proposed Project Garage----------------------------------------------------------------------------•561 net gain of spaces at Bella Terra
Bella Terra Vehicle Trip Reductions•Fully occupied Burlington Coat Factory had a trip generation potential of 4,664 weekday daily net trips. •At half occupancy, Burlington has potential trip generation of 2,759 weekday daily net trips. •The Proposed Development is forecast to generate 2,028 weekday daily nets trips—which amounts to 731 fewer weekday daily net trips than existing conditions.