Shopoff sells approved housing development The Pines at Fullerton to Lennar Homes
Shopoff Realty Investments announced the sale of 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, Calif.
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, comprising 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-through Del Taco and three adjacent retail pads. An additional 2.69 acres of retail pads remain for sale.
Well located within an established neighborhood of Fullerton, the property location provides access to Imperial Highway (State Route 90) to the north, the 57 freeway to the east, the 91 freeway to the south, and Beach B