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Plans to Build Pointe Anaheim Entertainment Complex Moving Forward Despite Problems

ANAHEIM, CA-Delays in assembling nine parcels in Anaheim and financing problems will keep developers of the Pointe Anaheim entertainment and retail complex from completing construction until the summer or fall of 2003.

By Joel Cone | Updated on November 15, 2000

ANAHEIM, CA–Pointe Anaheim, a proposed 650,000-sf retail entertainment complex featuring live concert venues, hotels, restaurants and specialty retail establishments has hit a snag. In all, the developers were planning on spending $75 million to purchase nine parcels from 15 property owners to assemble enough land to build the project at the corner of Katella Avenue and Harbor Boulevard. However, a 10-acre parcel owned by Pyrovest Corp. and occupied by the Anaheim Plaza Hotel is embroiled in a lawsuit.

So far, two of nine parcels have been bought, including the recent acquisition of a 4.4-acre parcel. The purchase of more of the nine parcels is expected to close shortly, and the leasing agent, Strategic Retail Advisors in Newport Beach, is confident that the Pyrovest situation will be worked out eventually.

“It’s just a very difficult project in that what we’re trying to do hasn’t been done before,” Limburg says. “The city wants this project to happen. We certainly have the tenant interest, it’s just a matter of the financing issues.”

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