ANAHEIM, CA—A joint venture between Vivere Residential II LLC, a privately held real estate investment company owned by Moller Investment Group LLC, and its development manager, Mack Urban LLC, a West Coast real estate investment and development firm, has broken ground on Phase II of Vivere Apartments, a 244-unit luxury apartment project  in the “Platinum Triangle” here. The project is located on 3.3 acres at 1331 E. Katella Ave. and will begin preleasing at the end of 2015, with occupancy beginning as early as Spring 2016.

As GlobeSt.com reported exclusively in December 2012, the first phase of Vivere Apartments began preview leasing at that time. The complex had been acquired from Macquarie Bank by a partnership between Urban Partners LLC and AREA Property Partners. Completed in 2011 and fully leased in 2013, Phase I comprises 92 units of luxury condominium-grade flats and loft-style townhomes. Moller acquired both Vivere I and the fully entitled land for Vivere II from the Mack Urban entity this year and hired Mack Urban as the development manager to complete Phase II. Mack Urban was also hired to provide property-management services for both Phase I and Phase II through its wholly owned subsidiary, Mack Urban Communities.

John Gunn, managing director of Mack Urban, tells GlobeSt.com that Phase II is a $60-million project. “After a pause, Platinum Triangle activity is picking up again with several projects in construction and numerous planned. The Triangle is extremely well located within the region and poised for continued demand.”

Phase II will consist of luxury studio, one- and two-bedroom units and will offer residents a variety of benefits and amenities including 394 parking spaces, resort-style pool and spa, clubhouse, conference rooms and a two-level state-of-the-art fitness center. Themed “sky lounges” will be located on floors 3-6 for lounging, gaming, watching outdoor TV or rooftop sunning. Units will feature 9-foot ceilings, quartz countertops, stainless-steel appliances, hardwood-style flooring, in-unit washer/dryers, patios/balconies and walk-in closets.
Vivere I and II are located in the middle of the Platinum Triangle Master Plan District of Anaheim, described as “a burgeoning, high-density, mixed-use district that was established in 2004 and is bordered by the I-5 and 57 freeways. The “Triangle” is entitled for 18,000 homes, 5.7 million square feet of commercial and 16.8 million square feet of office. The area includes Angel Stadium, Honda Center, the Grove at Anaheim and the Anaheim Regional Transportation Intermodal Center, which services Metrolink, Amtrak, Orange County's bus network and California's future high-speed rail.

According to Paul Keller, CEO of Mack Urban, “After great anticipation, we're very excited to launch Vivere Phase II. We put together a stellar group of seasoned professionals to create the project, which is fully designed, and we're actively committed to delivering the highest quality of construction and management for both Vivere I and II.”

John Gunn, managing director of Mack Urban's Southern California operations, adds, “Vivere II will be ideally positioned to meet the growing demand for quality luxury rental apartments in North Orange County.” The development team also includes architect Metier Group Inc., general contractor George C. Hopkins Construction Co. Inc., structural and MEP engineer Wright Engineers Inc., civil engineer Huitt-Zollars Inc., landscape architect MJS Design Group and Style Interiors.