Plans for former tank farm in Huntington Beach discussed

February 9, 2017 by  

Shopoff Realty Investments has plans to redevelop a former tank farm in Huntington Beach, California, and met with residents on January 24 to get their feedback, according to an article in the Orange County Register.

If approved, the project would comprise retail spaces, housing units, and a hotel.

The vice president of development for Shopoff, James O’Malley, said he knew the idea could be unpopular, but also said at this stage the project is ‘loosey-goosey’, and that Shopoff is more than willing to listen to feedback, and modify its designs.

The property is at Banning Avenue and Magnolia Street, and currently houses three empty storage tanks, each with a capacity of 500,000 barrels of oil, a total of roughly 63 million gallons. The initial design calls for approximately 275 housing units, comprising both townhouses and single-family homes. The total development would take about 20 acres, including four acres devoted to retail and the hotel, with the remaining land left as open space and parks.

A green space beside Magnolia, known locally as Squirrel Park, would remain, and the housing area would not be gated, but remain open to the public. The hotel, which the developers are referring to as an ‘eco-lodge’, would offer as many as 200 rooms, along with a group lodging facility. Shopoff has yet to submit its plans to the city.

Projects like this can benefit if developers use illustrated brochures to clearly show the project and how it will fit into the neighborhood.