JPI Gains Approval for Massive $364 Million Jefferson Stadium Park Development in Anaheim, California

JPI Gains Approval for Massive $364 Million Jefferson Stadium Park Development in Anaheim, California

ANAHEIM, CA - JPI, a leader in the development of Class A multi-family housing, received unanimous approval from Anaheim's Mayor and City Council for Jefferson Stadium Park, a 17.6-acre prime real estate site located in the prestigious Platinum Triangle in Anaheim, California - directly adjacent to Angel Stadium of Anaheim, on the southwest corner of State College Boulevard and Gene Autry Way.

A $364 million development, scheduled to break ground in December 2016, Jefferson Stadium Park is a 1079-unit luxury apartment community, which includes a 1.1-acre public park, and 14,600 sf of community-oriented retail space.

"Jefferson Stadium Park is representative of the ideals of Anaheim's Platinum Triangle, embodying the highest level of architectural features centered around an environment that encourages community engagement and activation of key boulevards in the Triangle," said Anaheim Mayor Tom Tait.

Residents of Jefferson Stadium Park will have access to Anaheim's Regional Transportation Intermodal Center (ARTIC), as well as year-round entertainment, including Major League Baseball's Los Angeles Angels of Anaheim, and the National Hockey League's Anaheim Ducks. The development is just one mile away from the Downtown Disney Shopping District, Disneyland and California Adventure theme parks. Also nearby is the public marketplace of the Anaheim Packing District.

This is the second project for JPI in Anaheim's Platinum Triangle. Currently under construction is the $120 million Jefferson Platinum Triangle, a 400-unit luxury apartment community located near the intersection of State College Blvd., and Katella Avenue, scheduled for occupancy in Fall of 2017.

"Jefferson Stadium Park represents an additional $364 million investment that JPI has committed to Anaheim," said Heidi Mather, Senior Vice President and Development Partner. "Anaheim's Platinum Triangle is a model for development efforts that encourage new projects, enhancing quality living experiences for the community. This new project only strengthens our commitment to be a part of the revitalization of this core area of Anaheim."

JPI's Western Regional Division is based in San Diego, and has developed 15 luxury apartment communities throughout California totaling over 5,800 units. Additionally, the western division just announced the closing of two development projects in Arizona: Jefferson Town Lake – a $57 million project which broke ground earlier this month; and Jefferson Chandler, a $50 million project anticipated to close in July, and scheduled to break ground later this summer.

"JPI's foundation is its commitment to building world-class apartment homes that contribute to the fabric and economy of local communities," said Todd Bowden, Managing Development Partner of JPI's Western Region. "Southern California, in particular, is a key market focus for JPI. Our development work with the City of Anaheim has been an exceptional experience."

Source: JPI / #Apartments #Multifamily

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