Once a half-abandoned construction site at the peak of the recession, Anaheim’s Platinum Triangle now buzzes with activity. Developers plan to spend an estimated $1.2 billion on the 820 acre site over the next decade. The area will include residential developments, as well as a mix of retail, offices and restaurants.
One of the proposed residential communities includes Jefferson Stadium Park, an 826-unit apartment complex with 10,000 square feet of retail. Prologis, the current owner of the 17.6 acre site is expected to close a deal with JPI/TDI Cos. within the next few weeks. JLL’s Senior Managing Director, Louis Tomaselli is representing Prologis in the transaction. Louis explains. “Prologis specialized in industrial, so it made sense to sell the land to JPI/TDI Cos., which has more experience with residential projects.” He adds, “Overall, I think Platinum Triangle is going to be a success.”
To learn more about the planned development at Platinum Triangle, read the full article here