Artist's rendition of the South Coast Technology Center and the mixed-use redevelopment project.
The Segerstrom family is making significant real estate investments in Orange County with the South Coast Technology Center and a mixed-use redevelopment of South Coast Plaza Village. The South Coast Technology Center is a $126 million development featuring a 313,000 square foot industrial park. Meanwhile, the South Coast Plaza Village project plans to add residential units and commercial space, valued at approximately $1.5 billion. These projects reflect the family’s commitment to economic growth and local development.
The Segerstrom family is expanding its real estate portfolio with two significant developments: the South Coast Technology Center and a mixed-use redevelopment plan for the South Coast Plaza Village shopping center in Santa Ana. These projects mark substantial investments in the Orange County region, reflecting the family’s longstanding commitment to local development and economic growth.
The South Coast Technology Center, currently under construction, will feature a three-building industrial park spanning 313,000 square feet over nearly 16 acres. The project, which involves the demolition of the existing Lake Center Office Park at 3100, 3110, and 3120 W. Lake Center Drive, was approved by the Santa Ana City Council in 2024. It is the family’s largest ground-up development in recent years, with an estimated cost of $126 million. Anduril, a defense technology company, is set to lease the property once completed.
In addition, the redevelopment of the South Coast Plaza Village is underway. This project plans to transform the shopping center into a mixed-use facility, incorporating 1,583 residential units, up to 300,000 square feet of office space, and up to 80,000 square feet of retail space. Valued at nearly $1.5 billion, this would mark the largest Orange County-based development initiative undertaken by the family in several decades. The redevelopment plan is currently under review.
The Segerstrom family’s real estate ventures are anchored by two primary enterprises: C.J. Segerstrom & Sons and HTS Management. These companies have historically been involved in the development and management of valuable commercial properties in Costa Mesa, notably the prestigious South Coast Plaza, which generated $2.5 billion in sales in the 12 months ending June 30, 2024, showing a slight increase of 0.4% over the previous year. South Coast Plaza attracts over 20 million visitors annually, nearly three times the foot traffic of Beverly Hills’ Rodeo Drive.
The family’s business interests date back to the late Henry T. Segerstrom, who played a pivotal role in establishing their real estate legacy. Key figures in the family business today include Elizabeth Segerstrom, Henry’s widow, and Sandra “Sandy” Segerstrom Daniels, the daughter of Henry’s cousin Harold. Additionally, Anton Segerstrom, one of Henry’s children from his first marriage, also serves as a managing partner.
Beyond real estate, the Segerstrom family is known for their involvement in the arts community, most notably through the Segerstrom Center for the Arts in Costa Mesa. The arts hub features various cultural venues, including the Renée and Henry Segerstrom Concert Hall, South Coast Repertory, and the recently opened Orange County Museum of Arts, which launched in 2022.
Outside of their shopping center and mixed-use projects, the family also manages four office properties under the South Coast Plaza Office Division. These buildings include the Plaza, Center, and Park towers, covering more than 1.3 million square feet and housing major law and accounting firms.
The Segerstrom family owns hundreds of acres of developable land near the San Diego Freeway in Costa Mesa and Santa Ana. These properties hold significant potential value, with some parcels estimated to yield at least $3 million per acre if sold.
As developments such as the South Coast Technology Center and the South Coast Plaza Village redevelopment move forward, the Segerstrom family continues to shape the landscape and economy of Orange County, marking a new chapter in their illustrious real estate history.
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