Federal authorities have decided to put the seven-story ziggurat building in Laguna Niguel up for online auction early next year. The starting bid is $70 million.
For over 50 years, pyramid-like structures have been a staple of Alicia Parkway. It was designed by William Pereira, who is known for designing the Transamerica Pyramid in San Francisco and Los Angeles International Airport.
Known to the community as the Ziggurat, its official name is the Chet Holyfield Federal Building, named after the longtime California congressman in 1978. The property is also called lagoon ridge.
The property is sprawling 89 acres, and over the decades the building housed thousands of federal employees from up to 12 agencies, including nearly 2,000 from the U.S. Citizenship and Immigration Service. . Over the past few years, it has only been about half full.
This week, the US General Services Administration announced a public auction that will begin at 9:00 am on March 7th.
Anyone interested in this property can inspect the property after paying a registration deposit of $300,000. Tours in February and March can then be arranged by appointment.
“The sale of Laguna Ridge is another example of the GSA’s commitment to right-sizing the federal real estate portfolio,” said Dan Brown, acting regional administrator for the GSA Pacific Rim, in a statement. . “The sale of this vast property in Laguna Niguel will provide economic development opportunities for Orange County while generating benefits for U.S. taxpayers.”
The building was one of 12 buildings confirmed for sale by federal authorities under the Federal Asset Sales and Transfer Act in 2021. Under the FASTA Act, proceeds from property sales will be used to further consolidate and sell surplus federal properties, officials said.
Ziggurat is near several strip shopping malls, Aliso & Wood Canyons Wilderness Park. What to do with the building and its land is a topic discussed by Laguna Niguel City Council candidates in their recent election debates.
In the past, Laguna Niguel officials have indicated their willingness to support redevelopment of the facility and work with developers to allow multi-purpose projects.
Ziggurat was built in 1970 and housed Rockwell’s offices and manufacturing facilities in North America. The company never moved, partly because President Richard Nixon cut defense spending to its lowest level in his 20 years. The federal government bought the property in 1974, and after 10 years of vacancy, tried to sell it before finally transferring it to an agency.
For more information on this auction, please visit gsa.gov/LagunaRidge or contact Tom Doszkocs at [email protected]