The area around Angel Stadium isn’t the only part of Anaheim looking to get a big residential makeover.
Santa Ana-based developer Urban+West is looking to turn a motor home park near Disneyland Resort into Parc Anaheim, a project that’s set to include 449 homes, including two 10-story towers, plus some shops and offices.
Urban+West and Irvine-based St. Clair Meyers LLC are partners for the 12-acre site that now holds Travelers World RV Park. The parcel is at 333 W. Ball Road, just off the Santa Ana Freeway.
The developers closed on the land buy last month, said Urban+West President David DiRienzo.
Terms of the deal weren’t disclosed, though the two developers just finalized a $17.2 million loan arranged by Houston-based Holliday Fenoglio Fowler LP.
The redevelopment still requires several city approvals and zoning changes. DiRienzo said the quickest the developers could start construction is in 18 months to two years.
The 290-slot RV park, about a 15-minute walk from Disneyland, is expected to close at the end of the year.
Besides the two towers, the development is set to include mid-rise townhomes and lofts, including some lower-priced units designated as “work force” housing.
Also on tap: 7,000 square feet of stores and 8,900 square feet of commercial space for small businesses.
The site is about three miles from Anaheim’s main redevelopment focus, the Platinum Triangle.
About 7,500 homes are approved to be built at the Platinum Triangle, a former industrial hub next to Angel Stadium. Office and retail space also is expected.
Parc Anaheim could be a good alternative to the Platinum Triangle, given its proximity to Disneyland and several freeways, DiRienzo said.
“We are not the Platinum Triangle for sure, but we have really identified this area as a gateway to Anaheim’s downtown,” DiRienzo said.
Target buyers for the townhomes and lofts include young families and singles. The towers are expected to appeal to the same crowd plus older people, among others.
Los Angeles and Riverside commuters are expected to be buyers, the developers said.
Urban+West has been active in a number of infill redevelopment projects in OC and San Diego.
It’s working with the Aliso Viejo-based office of Lennar Corp. to build the Santiago Street lofts in Santa Ana,one of the first OC developments focused around transit stations.
The 108-unit project, next to Santa Ana’s train station, is under construction. About one-third of the homes have been sold.
St. Clair Meyers is a year-old company that was launched by longtime developer Steve St. Clair and Jeff Meyers, founder of the Meyers Group, a real estate research provider. Meyers sold the company to Hanley Wood LLC a few years ago.
More local redevelopment is possible for Urban+West.
“We’re seeing much more interest, and acceptance, from (homebuyers) in urban areas of transition,” DiRienzo said.
