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Wednesday, May 25, 2022

Another Canvas, For Anaheim

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Equity Office Management LLC’s Canvas office complex is not to be confused with a residential project elsewhere in Orange County with the same name.

TRI Pointe Group Inc. (NYSE: TPH) last week disclosed more details on a new townhome and single-family community in Anaheim—now called Canvas—at a 15-acre site near the city’s popular Packing District and Packing House food hall.

The Irvine-based homebuilder bought the site at 916 E. Santa Ana St. in 2018 from Shopoff Realty Investments, also based in Irvine, for about $48.3 million.

Shopoff sold an adjacent 5-acre parcel over the summer to Pleasanton-based Anton Development, which is planning market-rate rental units for the site.

TRI Pointe’s project, currently under construction, will total 232 homes.

It’s the largest new home development in downtown Anaheim in nearly a decade.

Art Focus

Anaheim’s Canvas includes three product types.

The first, Claret, is a collection of 87 three-story townhomes “with modern architecture;” the second, Violet, has 73 three-story townhomes with “Spanish-inspired architecture;” and the third, Cerise, will have 72 three-story single-family homes.

Model homes are expected to open at the beginning of next year, and the first phase is slated to wrap during the second quarter.

A similarity between the two Canvases: both projects emphasize art, with murals planned for both endeavors.

Amenities at the residential Canvas include a movie lawn, club room, pool and spa, and a central courtyard with fire pits.

Design partners for it include William Hezmalhalch Architects, MJS Landscape Architecture, and CDC Designs; Jasper Wong, an artist known for his illustrations and the POW! WOW! art festival, will curate the project’s mural collection.

“Canvas is designed to bring art, color, and imagination into the neighborhood and homes of its residents,” said Project Manager Brian Ortwein.

Prices will range from the high-$500,000s to the $800,000s.

TRI Pointe ranks No. 5 on this week’s list of Orange County’s fastest-growing large public companies (see list, starting on page 28).

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