L.T. Global Investment, Inc., the American arm of Hong Kong-based LT Commercial Real Estate Limited, has revealed updated plans for a mixed-use complex which would rise next to Angel Stadium in Anaheim.
The approximately $450-million project, slated for a 14.8-acre property at State College Boulevard and Orangewood Avenue, would consist of a series of high-rise and mid-rise buildings featuring 340 residential units, 200 hotel rooms, 77,000 square feet of office space, 3,500 parking spaces and more than 440,000 square feet of commercial floor area. It is highlighted by a proposed 28-story residential tower, which at 348 feet in height, would surpass 200 Spectrum Center Drive to become Orange County's tallest building.
Designs from Los Angeles-based Hopscape Design Studio call for a wide pedestrian paseo, flanked by two-story buildings featuring a gym, a grocery store and numerous shops and restaurants. A site plan filed indicates that a 1.5-acre park would sit near the center of the property.
The proposed development is located in the Platinum Triangle, a 820-acre district envisioned by the City of Anaheim in 2004 as a more traditional "Downtown," for Orange County. A number of institutional developers sought to fulfill that vision with a variety of high-rise office and residential complexes, but saw their hopes dashed by the Great Recession. In the years since, many of those projects have reemerged, albeit in less ambitious form.
LT Platinum Center has also seen a significant reduction from its original plan, following its developer's inability to strike a deal with the Angels for shared use of the team's parking lot. This resulted in the reduction of 260 residential units and 100 hotel rooms from L.T. Global's 2014 proposal. However, the commercial component of the development has remained largely unchanged.
The Orange County Register has reported that the project could begin construction by mid-2016.
- LT Platinum Center (L.T. Global Investment Inc.)
- Chinese Company's Development near Angel Stadium Shrinks... (Orange County Register)