The Anaheim Planning Commission recently gave the nod to an updated development blueprint for the ambitious OCVibe project, a $4 billion investment encircling the Honda Center. Modifications to the original plan, initially approved by the City Council in 2022, include an increase in residential units and a reduction in office space, striking a balance to suit shifting market demands. The Commission’s unanimous decision on Monday sets the stage for Anaheim’s City Council to thoroughly examine the updated plan come October.
The revised scheme outlines the removal of the previously planned 384,000-square-foot Arena Corporate Center office complex. In a clear move to adapt to the market’s stronger push for residential spaces rather than corporate ones, the change opens the door to introduce up to 750 additional apartments, pairing them with 15,000 square feet of retail space and potentially up to 325,000 square feet of new office area, as detailed by the City of Anaheim. This flexibility allows the north side of the Honda Center to evolve into a diverse urban pocket, featuring a mix of living spaces, retail shops, and workplaces.
Anaheim Real Estate Partners LLC, the development firm behind OCVibe, has options on the table to construct between 460 and 750 apartments alongside the new office spaces, dependent on final decisions regarding the office space volume. This company, steered by Henry and Susan Samueli, owners of the Anaheim Ducks and operators of the Honda Center, could elevate the total OCVibe residential count to a range of 1,960 to 2,250 units, marking a significant surge from the initial 1,500 units proposed…