In 1954, Louis M. Halper, a prominent Southland residential and commercial builder, purchased 2,100 acres of La Mirada land for $8,000,000. Halper launched construction on what was to be a $150,000,000 community with schools, shopping centers, and 10,000 homes that he completed by the end of two years. His firm had taken over the acreage from a group of corporations and Harold L. Shaw, who launched the original La Mirada development. He said at the time the entire community would be redesigned for maximum advantages of a modern planned city. Halper had developed a new pattern for community development by wholesaling land to other builders and establishing the La Mirada Civic Council to control quality. Three and four-bedroom homes were sold in the $13,000 price range. By 1960, the year the city was incorporated, La Mirada had grown from a mere 100 homes to over 8,000. The city was incorporated as "Mirada Hills" on March 23, 1960. On November 8, 1960, voters approved a change of name to the current La Mirada, which was officially certified on December 15, 1960.