Mixed-Use Luxury Community Destined for Anaheim
- Jan 27, 2016
Irving, Texas—Class A multifamily developer JPI purchased 17.6 acres in the prestigious Platinum Triangle in Anaheim, Calif., working to bring a $364 million mixed-use luxury apartment community to the area. JPI is collaborating with the City of Anaheim on the three-phase, 1,079-unit community, to be named Jefferson Stadium Park and located across the street from Angel Stadium of Anaheim.
The Platinum Triangle District is an 840-acre, transit-oriented development, guided by the Platinum Triangle Master Land Use Plan, which is bringing high-density, mixed-use, office, restaurant and residential projects to Orange County, making Jefferson Platinum Triangle a fitting development for the area.
This purchase marks JPI’s second project in Anaheim, and the company paid $42.25 million for the vacant property, according to public records as reported by The Orange County Register. Its first is Jefferson Platinum Triangle, a 400-unit luxury apartment community scheduled to open next year. The project is less than a mile away from the proposed Jefferson Stadium Park.
“JPI made a commitment to invest in the community several years ago,” said Heidi Mather, JPI western region senior vice president. “The Jefferson Stadium Park development only strengthens our commitment to become a partner in the revitalization of this core area of Anaheim.”
Residents of the new development will have access to Anaheim’s Regional Transportation Intermodal Center (ARTIC) and Anaheim Rapid Connect, a proposed streetcar system that would provide 3.2 miles of service to connect residents and visitors to ARTIC and other points of interest.
Other features of the development will include a 1.1-acre public park and resort-style amenities. Jefferson Stadium Park is schedule to begin construction at the end of 2016 and initial occupancy is scheduled for 2018.