El Segundo-based Pacific Coast Capital Partners and SanDiego-based Excel are developing the project on a 19.3-acre siteapproximately one-half mile east of Interstate 5, betweenDisneyland, Disney's California Adventure theme park and asoon-to-be-built third theme park. According to Scott Bottles ofGeorge Smith Partners, who arranged the financing for borrowerAnaheim GW LLC with assistance from GSP's Gary Mozer and DavidBierman, the project is approximately 60% preleased to a mix ofnational and local retailers, including Harley Davidson, BananaRepublic, Kay Jewelers, Cheesecake Factory and PF Chang's.

According to William Stone, a principal of Excel, thedevelopment represents a response to the "pent-up retail demandwithin the City of Anaheim." The developers have noted in the pastthat the demand is coming both from city residents and fromtourism, so the retail space is being designed to appeal totourists as well as the city's growing population.

As GlobeSt.com reported when the developers unveiled details ofthe project, the joint venture has committed approximately $30million in equity financing to the development, with PCCP makingits investment through the Southern California Smart Growth Fund.The fund is an institutional equity fund focused on low- andmoderate-income census tracts throughout Southern California.