Anaheim Ducks owners Henry and Susan Samueli have revealed development plans for the Honda Center that will turn a 115-acre site around the center into a new mixed-use project called ocVIBE.
The $3 billion project will include 2,800 residential units, two hotels, more than 800,000 square feet of office space, a new concert venue, food hall, restaurants, parks and other amenities in the area surrounding the 650,000-square-foot Honda Center, which the Samueli’s have managed since 2003.
H&S Ventures, the Corona del Mar-based entity owned by the Samueli family, will operate ocVIBE, which aims to receive entitlements next year, with construction beginning as soon as 2022.
The first phase could deliver by 2024, and the entire project is scheduled to wrap by 2028, when Honda Center will play host to indoor volleyball for the Olympics.
For more details on this project, see Monday’s print edition of the Business Journal.