TOD Boasts Proximity to Disney
Texas-based JPI/TDI Cos. has closed on its acquisition of 7.64 acres in Anaheim, Calif. The company plans to build a 400-unit apartment at the site.
By Dees Stribling, Contributing Editor
Anaheim, Calif.—Texas-based JPI/TDI Cos., which specializes in the development of multifamily properties nationwide, has closed on its acquisition of 7.64 acres in Anaheim. The company plans to build a 400-unit apartment at the site, beginning this month.
The project will be called Jefferson Platinum Triange, after its location in Platinum Triangle, which is an 840-acre transit-oriented urban development district. The goal of the Platinum Triangle Master Land Use Plan is to bring high density, mixed-use, office, restaurant and residential projects to this part of Orange County.
Jefferson Platinum Triangle is also located near the brand-new ARTIC Amtrak Station and the planned 6.4-mile Anaheim Rapid Connection (ARC) guided streetcar system, which will be operational by 2018. ARC plans currently reflect a streetcar stop almost adjacent to Jefferson Platinum Triangle’s front door on Katella Ave. about 1.5 miles west of the ARTIC station and the same distance east of the Disney Resort and Anaheim Convention Center.
The development will include a combination of studio and one-, two- and three-bedroom units. There are also plans for 730 parking spaces. Financing for the development includes equity provided by Parse Capital and a construction loan by Fifth Third Bank.
Common amenities will include clubrooms, resort-style saltwater pools with spas, outdoor kitchens and seating areas, grilling stations, fitness gyms, an exercise/yoga studio, wine bar/lounge with refrigerated beverage storage and a dog park. The property is also located adjacent to a community park that has a jogging trail.
