News Summary
California Resources Corporation has submitted a proposal to transform a 92-acre oil and gas site in Huntington Beach into a mixed-use community. This project will include 800 residential units, a hotel, and extensive open space. C.R.C. aims to address local housing demand while initially maintaining energy operations during the planning phases. Approval from local and state commissions will be required as the proposal undergoes review.
Huntington Beach, California – Redevelopment Proposal Submitted for Oil Land
California Resources Corporation (C.R.C.) has officially submitted a proposal to rezone a 92-acre parcel of land in Huntington Beach, which has historically been used for oil and gas production. This redevelopment aims to transform the site into a mixed-use community featuring residential units, commercial space, and open areas.
The property, strategically located along Pacific Coast Highway between Goldenwest Street and Seapoint Street, is slated for the construction of up to 800 residential units, a hotel with up to 350 rooms, and extensive open space, including a 1-mile linear park. C.R.C. seeks to transition this largely industrial land into a vibrant area that meets the housing needs of the local community.
The residential component of the development will offer a variety of living options, including single-family homes, townhouses, and condominiums, with a commitment to designating at least 10% of these units as affordable housing. The inclusion of this percentage is intended to address the increasing demand for affordable living spaces in the region.
Details of the Proposal
The application submitted by C.R.C. on March 28 proposes several amendments to the existing plans governing the area, specifically the Palm/Goldenwest specific plan, general plan, and the local coastal program. The current land designation predominantly allows for commercial use, with 94% of the land categorized as such. Before the proposed changes can be implemented, approvals will be required from the Huntington Beach Planning Commission and the City Council.
Moreover, final approval from the California Coastal Commission is essential before any alterations to the local coastal program can be made. This regulatory process is expected to be complex and lengthy, reflecting the level of scrutiny typically applied to developments within coastal regions.
Environmental Considerations and Future Outlook
The development process is projected to span several years, primarily due to the necessity for remediation of the existing oil facilities on the site. C.R.C. has indicated that it plans to continue energy operations at the site throughout the planning and approval phases of the redevelopment, thereby ensuring a seamless transition from industrial to residential use.
This redevelopment initiative aligns with a broader trend observed in Huntington Beach, where previous City Council decisions, such as the approval of the Magnolia Tank Farm Project, have also focused on repurposing industrial land for residential development. These projects reflect a growing recognition of the importance of transforming outdated industrial sites into communities that meet modern housing and lifestyle needs.
Conclusion
In summary, C.R.C.’s proposed redevelopment of the 92-acre site in Huntington Beach embodies a significant shift from its traditional industrial use to a multifunctional space designed to cater to the housing demands of the community. As this proposal undergoes the necessary review and approval processes, it will be essential to monitor its progress and implications for the local area.
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Additional Resources
- OC Business Journal: Bascom Group, Huntington Beach Multifamily $35 Million
- Wikipedia: Huntington Beach, California
- LAist: Could 800 Homes Be Headed for This Coastal Stretch of Huntington Beach
- Google Search: Huntington Beach real estate
- OC Register: 18-Unit Apartment Complex in Surf City Fetches $7.4 Million
- Encyclopedia Britannica: Huntington Beach
- LA Times: Energy Company Seeks to Convert Huntington Beach Oil Parcel
- Google News: Huntington Beach housing development
