ANAHEIM, CA-GlobeSt.com has learned exclusively that Vivere Apartments at 1331 East Katella Ave. in the “Platinum Triangle” here, is now open for preview leasing. The complex was recently acquired from Macquarie Bank by a partnership between Urban Partners LLC and AREA Property Partners.
Composed of loft, one- and two-bedroom units, the multifamily property features light-filled, contemporary urban architecture. The Platinum Triangle is a mixed-use master-planned development that will encompass Angel Stadium, Honda Center, the Grove of Anaheim, 18,000 new dwelling units and 22.5 million square feet of commercial space.
The Vivere property also includes 3.3 acres for an additional 244 units, to be developed by Urban Partners beginning in third-quarter 2013. “In addition to our acquisition of the existing building, AREA Property Partners and Urban Partners will create an exciting new multifamily asset,” said Richard J. Mack, North America CEO of AREA, in a prepared statement.
Amenities at Vivere include an outdoor pool and spa, living room, secure bicycle parking and a spacious clubhouse with fireplace, game tables and a catering kitchen.
“Vivere is a classic example of Urban Partners' model project,” said David Walker, Urban's managing director, capital markets, in the statement. “We are currently focused on urban infill assets in the five West Coast gateway cities, which continue to grow with an influx of creative young professionals who desire top employment and the most appealing lifestyle opportunities.”
As GlobeSt.com reported exclusively last week, real estate veteran John Gunn has rejoined Urban Partners LLC as managing director. Resuming his former leadership role, Gunn will be responsible for planning and developing complex projects including mixed-use, public/private and transit-oriented developments in urban locations throughout California.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
