Stadium Summary - Moran and Company

Stadium Club
Disneyland Resort
&
Katella Ave. Downtown Disney
Orangewood Ave.
Platinum Triangle
Redevelopment Area
Anaheim
Metrolink
The Grove
of Anaheim Station
UCI Medical
Center
The Block at Orange
S TA D I U M
Offered Exclusively By
Moran & Company
C L U B
Angel Stadium
Stadium Club is a 4.4 gross acre site (3.2 net acres) on Katella Avenue, just west of
State College Blvd. in the heart of Anaheim’s Platinum Triangle. Stadium Club has an
approved tentative tract map for 196 condominiums, and is expected to receive
final map approval in April of 2006.The seller expects to complete a sale in June
of 2006, and intends to deliver the property with an approved final map, completed
architectural plans from KTGY Group, Inc., and a grading permit. Thus, a buyer will
be able to begin grading immediately after the close of escrow. Assuming a 19-month
construction period commencing in July of 2006, first move-ins would be expected
Disneyland
in February of 2008.
PROPERTY SUMMARY
SUMMARY
Stadium Club will be comprised of two five-story, elevatored buildings over a two level parking structure.
LOCATION
One building will feature a resort-style swimming pool and spa, and the other will feature a large
1515 E Katella Avenue
Anaheim, CA 92805
courtyard area.The site fronts Katella Ave., giving it outstanding visibility from one of Anaheim’s
major thoroughfares. Stadium Club’s units will feature large floor plans, 9’ ceilings, and gas fireplaces.
TIMING
The seller has not entered into any contracts for work or materials for the buildings.Therefore, the
Final map approval anticipated in April 2006
Grading permit anticipated in June 2006
First move-ins anticipated in February 2008
buyer will have the ability to choose its own contractors, negotiate its own materials contracts, and
create its own finish specifications.
UNITS
Prospective buyers should note that the average unit size at Stadium Club will be 1,642 sq. ft., which
196
will differentiate it from virtually all potential competitors in the Platinum Triangle.The average unit
ACRES
sizes of new developments whose timing is similar to Stadium Club’s are expected to range from 1,004
4.4 Gross/3.2 Net
sq. ft. to 1,225 sq. ft. In addition, many of the floor plans at Stadium Club are interchangeable, and it
will be possible to build it out in two phases with the second phase weighted towards the bestselling
DENSITY
floor plans in the first phase.
61 d.u./net acre
OUTSTANDING LOCATION
PARKING
432 spaces in a two-level parking structure
One level on grade, one below grade
2.2 spaces/unit
Residents of Stadium Club will enjoy outstanding access to all of the following:
Within walking distance of their homes:
• Angel Stadium, home of the Angels Major League Baseball Team
UNIT MIX
Sq. Ft.
1 Bd/1Ba + Den
1,276-1,354
1 Bd/1Ba + Den + Loft 1,520
1,390
2 Bd/2 Ba
2 Bd/2.5 Ba
1,526-1,730
2 Bd/2 Ba + Loft
1,787
2 Bd/2.5 Ba + Den
1,668-1,926
Total/Average
Total Sq. Ft.
1,642
321,777
Units
• The Grove of Anaheim, a more intimate 3,000-seat concert venue next to Angel Stadium that has
featured artists such as James Brown, BB King, Chicago, and Julio Iglesias.
5
2
30
94
4
61
• The Anaheim Metrolink station, which provides light rail access to downtown L.A., San
Diego, and the Inland Empire.
Within two miles of their homes:
196
Anaheim Metrolink Station
Unit Type
• Arrowhead Pond, home of the Mighty Ducks National Hockey League team and a major concert
venue that has featured such artists as the Rolling Stones, Paul McCartney, U2, and Sting.
• Disneyland and Disney’s California Adventure. The Disney resorts represent one of the
nation’s largest tourist attractions, and with 20,000 local employees, Disney is the largest employer
in Orange County.
• Downtown Disney, a 300,000 sq. ft. outdoor retail and entertainment center featuring award
winning restaurants, dozens of retailers, and a 12-screen AMC Theatre.
• The Anaheim Convention Center.
• The Block at Orange, a 642,000 sq. ft. regional entertainment center.
• UCI Medical Center, St. Joseph Hospital, and Children’s Hospital of Orange County
(CHOC), which employ over 7,800 people locally.
• Main Place Mall, a 1.1 million sq. ft. shopping center anchored by Nordstrom,
Macy’s, and Robinsons-May.
• The 5, 57, and 22 freeways.
Within 20 minutes of their homes:
Downtown Disney
• Four major employment centers: The
Irvine Business Complex,The Irvine
Spectrum, Newport Center, and South
Coast Metro, which comprise over 42 million sq. ft. of office space.
• John Wayne Airport.
• Chapman University,The University
of California at Irvine, and Cal State
Fullerton.
STRONG DEMAND FOR
METROPOLITAN LIVING IN
ORANGE COUNTY
residential neighborhood is sure to garner a
improvements; and street improvements.The
spate of media coverage. The changing
hard costs of these improvements are estimat-
landscape will also be a strong selling point
ed at $7.7 million. A soft cost estimate is not
Orange County began as a seaside refuge
for homebuyers who will see firsthand a
available yet.The buyer of Stadium Club will be
for people that lived and worked in downtown
transformation that we can only imagine today.
expected to reimburse BRE for 30% of the
L.A., and has developed into one of the
MASTER IMPROVEMENTS
costs it incurs in making these improvements.
country’s premier suburban landscapes.
However, the continuing growth of Orange
County has created a demand for higher
density development and urban access.The
City of Anaheim has responded by creating
an 840-acre zoning overlay dubbed the
Platinum Triangle. With its access to
transportation, retail, jobs, and major
entertainment venues, the Platinum Triangle
Stadium Club is one of four parcels in a larg-
INVESTMENT HIGHLIGHTS
er development called Stadium Park, of
Stadium Club represents a rare opportunity to
which BRE Properties is the master develop-
acquire a fully entitled development site in what
er. Plans for the other three parcels include a
will come to be known as the metropolitan
255-unit condominum community, a 320-
center of Orange County – The Platinum
unit rental community, and a 0.8-acre park
Triangle. This is a unique opportunity to offer
which will be deeded to the city. BRE will
home buyers luxurious homes with outstanding
complete all master improvements, such as
access to jobs, retail & entertainment,
mass grading; water, sewer and storm drain
recreation, and transportation.
is poised to become the urban center of
Orange County. Although metropolitan
living is a relatively new phenomenon in
Orange County, high density residential
projects such as Marquee at Park Place, Artist
Walk Lofts,Watermarke, Avenue One, and
The Plaza have met with resounding success.
SPOTLIGHT ON THE PLATINUM
TRIANGLE
Stadium Club will benefit from the mass
marketing of the Platinum Triangle. Not
only will other projects in the Platinum
Triangle tout the advantages of the location
and on television, but the rapid transformation
of the Platinum Triangle from a predominately
industrial area into a burgeoning upscale
The Block at Orange
in newspapers, on the radio, on billboards,
2
118
210
Woodland
Hills
405
170
39
Burbank
Airport
101
210
5
Calabasas
101
1
10
Downtown
L.A.
605
110
Los Angeles
International
Airport
710
91
261
55
Irvine
133
Pacific Ocean
1
Newport
Beach
10
30
acquire a fully entitled development site in
215
what will come to be known as the metropolitan
74
center of Orange County – The Platinum
79
15
74
Triangle. This is a unique opportunity to offer
home buyers luxurious homes with outstanding
73
Dana
Point
20
Stadium Club represents a rare opportunity to
RIVERSIDE
COUNTY
ORANGE
COUNTY
San Juan
Capistrano
Scale in Miles
INVESTMENT HIGHLIGHTS
Riverside
John Wayne
Airport
Mission
Viejo
Catalina Island
0
10
60
Corona
Anaheim
Santa
Ana
22
405
38
Ontario
91
1
Long Beach
San
Bernardino
Upland
60
Long Beach
Airport
Palos
Verdes
215
57
Stadium
Club
105
Los Angeles
Claremont
Ontario
International
Airport
10
Malibu
138
Rancho
15
Cucamonga
Pasadena
Temecula
79
access to jobs, retail & entertainment,
recreation, and transportation.
Fallbrook
San
Clemente
BROKERAGE RESOURCES
Moran & Company is the exclusive listing
agent of Stadium Club. All inquiries and
requests for area tours should be addressed
to Mary Ann King, Scott Davis, or Brett Betzler.
Moran & Company has entered into a cobrokerage arrangement with Ken Barry of
CB Richard Ellis to provide additional resources
on the Platinum Triangle, competitive
developments, and the entitlement process
in this community. Presentations on the
The Grove of Anaheim
Platinum Triangle will be co-hosted by
Moran & Company and CB Richard Ellis at
CB Richard Ellis’s offices at 2125 East Katella
Avenue, Suite 100, Anaheim, CA 92806.
MARY ANN KING
President
SCOTT DAVIS
Partner
BRETT BETZLER
Broker
Angel Stadium of Anaheim
Moran & Company
600 Anton Blvd
Suite 1250
Costa Mesa, CA 92626
714-444-3533
714-444-3539 Fax
www.moranandco.com
No warranty or representation, expressed or implied, is
made as to the accuracy or completeness of the information
contained herein. No legal obligation shall arise by reason
of the distribution of this summary statement.