A few plans are in the works throughout Orange County to bring us state-of-the-art communities. The most notable project was just announced.
The owners of the Anaheim Ducks (Samueli family) let us in on their plans for a $3-billion (115-acre, mixed-use community and live entertainment district). It’ll be OCV!BE, and it will be situated next to Honda Center. This is the most ambitious building plan to hit the OC since the orignal Disney viion.
The transit friendly district is scheduled to open in 2024. It’s anticipate the covid crisis will be under control by then.
The project will be fully operational in time for the 2028 Olympics when Honda Center is set to hosts indoor volleyball.
The development will feature lifestyle and public amenities as well as live entertainment venues (6,000-capacity concert venue)… it just may be a new home for OC’s dynamic music community.
OCV!BE will also feature an enormous food hall, restaurants and two new hotels and apartments.
What makes this place special it will dedicate 30 acres of open space and parks, and a network of pedestrian bridges and walkways, including a landmark bridge over Katella Avenue.
OCV!BE
Organizers state that “ocV!BE will be developed in phases in an effort to minimize impact on guests visiting Honda Center and the surrounding area. Honda Center management will implement measures to maintain the guest experience and access.”
According to a press release: the proposed development will create nearly 13,000 construction jobs, 3,300 permanent jobs upon completion, and generate more than $2 billion in a one-time economic impact, according to an analysis conducted by the public finance and development economics firm, DTA.
The project will generate over $400 million in annual recurring economic impact. Revenue generated by the project will assist the City of Anaheim in its efforts to recover from the COVID-19 pandemic as well as enhance neighborhoods and public safety.
“OCV!BE will provide a live, work, and play community of a scale not seen in Orange County, with live entertainment events and activities year-round,” said Tim Ryan, CEO of newly created OCV!BESports & Entertainment, LLC., which will manage the development and operation of the district.
Michael Schulman, Managing Director of the Samueli Family office, will serve as Executive Chairman of OCV!BE Sports & Entertainment.
