The auction for the Ziggurat has seen bids rising from $70 million to $164.4 million, showing a fierce interest in this federal property.
The Ziggurat's design, reminiscent of ancient Mesopotamian architecture, has led to intense bidding wars among three different investors over several weeks.
The ongoing bidding reflects a rare chance for significant development in south Orange County, amplifying competition for the prime 91-acre property.
With the preservation restrictions lifted from the first auction, investors have actively pursued this opportunity, leading to a prolonged auction that has surpassed initial expectations.
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