ANAHEIM, CA-A joint venture of Santa Ana-based Urban+West and Irvine-based St. Clair Meyers Partners has unveiled plans to transform a recreational vehicle park near Disneyland into a 449-unit loft and townhome development. The new development will be called Parc Anaheim and will comprise two high-rise residential towers of 10 stories each featuring live/work lofts, townhomes and service retail space.
David DiRienzo, president of Urban+West, tells GlobeSt.com that the developers are processing entitlements through the City of Anaheim and expected to obtain approvals by the end of the first quarter of 2007. Once the project receives its approvals, DiRienzo estimates that construction could commence within 15 to 18 months, with construction time estimated at three years.
The entitlements required include an EIR, an amendment to the Anaheim Resort Specific Plan, adoption of the Parc Anaheim Specific Plan, a general plan amendment and a zoning code amendment. Designed by MVE Studio architects, the project will occupy a site at one of three gateways to Downtown Anaheim.
The 11.9-acre parcel at 333 West Ball Rd. where Parc Anaheim will rise is occupied and operated by Travelers World RV Park, which is scheduled to close at the end of the year. The site is about 15 minutes walking distance from the Downtown Disney District.
The development will include 22 live/work lofts with a combined ground floor commercial work space totaling 8,852 sf, plus about 7,050 sf of retail space. The types of businesses expected to be attracted to the project will range from service retail operators such as a coffee house, a bakery and a dry cleaning shop to professional small business owners such as architects, attorneys, accountants and designers.
The developers have not totally determined the floor plans for the units, but the plan thus far calls for 449 residences and a number of other amenities. For example, Parc Anaheim will feature a pedestrian promenade, a roof terrace for tower residents and a parent-staffed preschool with an outside play area.
The developers secured $17.2 million of financing via Holliday Fenoglio Fowler, according to Paul Brindley and Todd Sugimoto of HFF, who arranged the financing. Brindley and Sugimoto placed a two-year, fixed-rate loan with Five Mile Capital Partners, with the proceeds of the financing to be used in the acquisition and entitlement process for the property.
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