JPI, Grand China Fund Team Up for $255M JV
- Oct 05, 2016
Orange County, Calif.—JPI and Grand China Fund are teaming up in a $255 million joint venture that will develop a luxury 747-unit community in Anaheim’s Platinum Triangle submarket. The new units will make the JPI the largest upscale multifamily developer in the area.
Part of Jefferson Stadium Park, JPI’s 17.6-acre master-planned development near Angel Stadium, the project will be located on the corner of State College Boulevard and Gene Autry Way. Plans also call for a 1-acre city park.
“We are pleased that Jefferson Stadium Park has attracted the attention of the international capital markets and are very excited about our new relationship with Grand China Fund,” said Gus Villalba, JPI Executive Vice President and Managing Regional Partner, in a statement.
Elsewhere in the Anaheim Platinum Triangle, JPI is building a $180 million community at State College Boulevard and Katella Avenue. That project, dubbed Jefferson Platinum Triangle, will comprise 400 units upon completion later this year.
Both communities will be near the Disneyland and California Adventure theme parks, the Downtown Disney shopping district, the Anaheim Regional Transportation Intermodal Center and Honda Center, home of the National Hockey League’s Anaheim Ducks.
Rendering courtesy of JPI