Mixed-Use Development and Strategic Repositioning | February 2026
The commercial real estate landscape continues to evolve in response to shifting consumer preferences, housing demand, and municipal priorities. One of the most significant developments has been the continued rise of mixed-use projects as cities and developers seek more efficient, integrated land use.
The Expanding Role of Mixed-Use Development
Mixed-use development has gained increased momentum as communities across the country, and specifically Orange County, look to address multiple needs within a single footprint. These projects can often combine residential, retail, office, and/or community-oriented uses, creating environments that could support long-term demand and economic stability.
Limited land availability and population growth have further increased interest in repositioning or repurposing existing assets rather than pursuing traditional development methods. Repositioning focuses on enhancing an asset’s functionality, tenant mix, or design to better align with current market demand. Repurposing involves transforming properties that no longer meet market needs into new uses altogether. Together, these approaches are intended to adapt assets in response to changing market conditions, though there can be no assurance that such strategies will be successful.
Cities are increasingly supportive of mixed-use solutions, especially when they address housing shortages and activate underutilized properties. As a result, projects that incorporate multiple uses and align with municipal planning objectives are becoming a preferred development model.
Our Approach
In my previous update, I mentioned Shopoff’s participation in “Retail Therapy” and integrating mixed-use developments into our strategy. We continue to focus on opportunities where thoughtful redevelopment is intended to create long-term economic viability while addressing broader market and community needs.
The Westminster Mall represents one of our most ambitious undertakings to date. When we first acquired the Sears and Macy’s parcels in 2022, we immediately began working with the city of Westminster, discussing how we could create lasting value for the property. Transforming an aging regional shopping mall into a vibrant mixed-use community was determined to be the best path forward, and after recently acquiring the balance of the mall, we can now begin the development process, ultimately making the invisible, visible.
The planned Bolsa Pacific at Westminster, totaling 83.3 acres, aims to deliver approximately 2,250 housing units, including a mix of for-sale housing, as well as market-rate and affordable rental housing, to help address the growing demand for housing in the City of Westminster and neighboring communities. The project will also include 120+ hotel keys and more than 220,000 square feet of placemaking retail. The site plans to dedicate more than 15 acres to open space, including private resident spaces, open-air promenades, and a network of walking trails.
Positioned for Continued Growth
As we progress through 2026, we remain optimistic about the outlook for mixed-use development and strategic repositioning. Market conditions may support adaptive solutions that respond to changing demand, and we believe our disciplined approach and meaningful partnerships position us well to capitalize on these opportunities while creating lasting value.
Disclosures
This communication is provided for informational and educational purposes only. The views and opinions expressed herein are those of the author as of the date of publication and are subject to change without notice. Past performance is not indicative of future results. This is not an offering to buy or sell any securities. Such an offer may only be made through the offering’s memorandum to accredited investors. Any investment in Shopoff Realty Investments (“SRI”) programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. The performance of former assets is not indicative of the future results of other assets. Securities offered through Shopoff Securities, Inc. (“SSI”) member FINRA/SIPC.
