Shopoff Realty Investments has sold its recently approved housing development, The Pines at Fullerton, to Lennar Homes. The property includes 9.8 acres located at Euclid and Rosecrans in the city of Fullerton, California. Shopoff secured unanimous approval for the 113-home project in January 2023.
Well-located within an established neighborhood of Fullerton, the property location provides convenient access to Imperial Highway (90) to the north, the 57 freeway to the east, the 91 freeway to the south, and Beach Blvd. (39) to the west. In addition, this family-friendly city benefits from several major employers including California State University, Fullerton, which employs over 3,800, the St. Jude Medical Center which employs over 2,900, and Raytheon, with over 1,400 employees.
In January 2023, Shopoff received unanimous approval from the City of Fullerton for the redevelopment of the aging shopping center encompassing a total of 14 acres, with approval for The Pines at Fullerton. The mixed-use development includes 113 homes, comprised of 49 small lot detached homes and 64 townhouses, and 23,000 square feet of neighborhood retail uses. Shopoff recently sold the corner retail space, including a drive-thru Del Taco and three adjacent retail pads. An additional 2.69 acres of retail pads remain for sale.
“It’s no secret that there is a great need for housing throughout Orange County, and especially in well-established communities like Fullerton,” explained Shopoff President and CEO William Shopoff. “We are pleased to have been able to work so closely with the City of Fullerton and Fullerton residents on the plan for this fantastic development. We look forward to seeing Lennar develop this into a quality new residential community, with residents benefiting from the property’s location as well as its direct access to the neighborhood retail on the site.”
