Shopoff Realty Investments and Argosy Real Estate Partners Joint Venture Residential Project Near Anaheim Packing District Approved by City of Anaheim
Anaheim, Calif. – December 14, 2017 – A joint venture between Shopoff Realty Investments and Argosy Real Estate Partners announced today that its proposal for the East South Street project has been approved by the City of Anaheim Planning Commission. The project involves demolishing an industrial site at 901 E. South St. in Anaheim and re-entitling the property for 546 residential units in its place. This will be Shopoff’s third land development in the city of Anaheim.
Situated on 20.56 acres of land, the project will include: 314 one-, two- and three-bedroom apartment units; 160 attached, for-sale single-family homes ranging from two to four bedrooms; and 72 detached, for-sale single-family homes with three bedrooms.
“This project serves as an opportunity for our firm to develop high quality residential housing in a growing submarket in Southern California,” said Shopoff Realty Investments Chief Executive Officer William Shopoff. “The pent-up demand for multifamily product in the area positions the asset for long-term growth.”
The property, which is located in the Anaheim Colony area, is strategically located less than one mile from the Anaheim Packing District, offering residents walking access to a communal gathering place with more than 20 artisan eateries.
John Santry, executive vice president of Shopoff Realty Investments’ Land Division added, “The overall community will feature high-quality amenities, including multiple swimming pools, a spa and clubhouse, a fitness center, dog run, outdoor seating, barbeque areas, a playground, roof top decks and private balconies as well as patios.”
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