FOCUS: WESTMINSTER CENTER
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Long Beach-based IDM Retail Development Corp. has begun the redevelopment and expansion of Westminster Center, which had been a 14-acre neighborhood retail plaza. When completed in two phases, the project will offer 450,000 square feet of retail space on 41 acres. The six major tenants are Home Depot, Child World, Lucky supermarket, Hollytron, Thrifty Drug and a 10-screen Edwards movie theater complex. It is about 70% pre-leased.
FACTS AND FIGURES Address: Westminster Blvd. and Golden West St., Westminster Developer: IDM Retail Development Corp. Project Architect: McClellan/Cruz/Gaylord & Associates Cost: $90 million General Contractor: Lyle Parks Jr. Construction lender: Canadian Imperial Bank of Commerce Completion date: Late 1991-early 1992 Total acreage: 41 Total retail area in square feet: 450,000
Source: IDM Corp. and Portmann Communications
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