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Fountain Valley Proposes Mixed-Use Development at Boomers Site

Artist's impression of the proposed mixed-use development in Fountain Valley.

News Summary

Fountain Valley plans to transform the former Boomers site into a mixed-use development featuring 657 apartments and retail space. The project, submitted by Holland Partner Group, includes affordable housing units and aims to revitalize the 6.87-acre area. Scheduled for review by the Planning Commission, the plan prioritizes lower-income tenants while enhancing community amenities and meeting housing obligations in the city.

Fountain Valley is considering a substantial mixed-use development at the former site of Boomers, which used to be a miniature golf and amusement center before its closure in 2020. The proposal includes the construction of 657 apartments along with approximately 4,460 square feet of retail space distributed between two seven-floor buildings. This project, submitted by Holland Partner Group, a Vancouver, Washington-based real estate investment company, aims to revitalize the 6.87-acre area located at 16800 Magnolia St.

The Fountain Valley Planning Commission is set to review the project during a study session on May 14. Originally, the plans outlined the development of 682 apartments, but the proposal has since been revised to feature 657 units. Notably, around 100 of these apartments will be designated for lower-income tenants, earning 80% or less of the area’s median income. This requirement for affordable housing is mandated to remain in place for a minimum of 55 years in accordance with Fountain Valley’s General Plan and Housing Element.

In addition to residential units, the development includes on-site parking facilities for residents and a separate lot for visitors. Planned amenities within the project encompass rooftop pools and spas, fitness centers, business centers, clubrooms, outdoor barbecue areas, and sky decks, as well as courtyards for recreational activities and neighborhood retail options.

For the mixed-use development to advance, it requires both a favorable recommendation from the Planning Commission and final approval from the City Council. Holland Partner Group, which specializes in various aspects of real estate such as acquisition, construction, and property management, was founded in 2000. It remains unclear how long Holland Partner Group has controlled the Boomers property. In 2021, the assets of Boomers were acquired by APX Operating Co. LLC after Apex Parks Group’s bankruptcy, a consequence of the COVID-19 pandemic.

Fountain Valley’s housing strategy, which is applicable until 2029, is driven by state law due to a shortage of available single-family homes in the area. This situation has led to a preference for multifamily developments as the city moves forward with its housing initiatives. To cater to a growing population and meet housing obligations, the city intends to boost the construction of a variety of residential units, including apartments, factory-built homes, and emergency shelters.

Currently, there are 16 development projects in the pipeline in Fountain Valley that incorporate a housing component, including the Boomers redevelopment plan. Other notable projects within the city include Prado Family Homes, Villa Serena, and Warner Square. These developments reflect the city’s commitment to enhancing its residential capacity and providing diverse housing options for its residents.