Segerstrom and Hines Plan 1,500 Homes, 300K-SF Office Redevelopment in SoCal

The Segerstrom family is partnering with Houston-based developer Hines to build a new urban-retail center in Southern California. Segerstrom, which owns the property, intends to replace the current 100,000-square-foot mall with a 1.9 million-square-foot, mixed-use project. The new development, dubbed The Village Santa Ana, would include 1,583 homes, up to 300,000 square feet of office space, up to 80,000 square feet of retail space and approximately 3.3 acres of publicly accessible open space.