In December 2019 SRB Management, a private company owned by the Moreno family, agreed to buy the 153-acre city-owned land, including Angel Stadium. The City has since reduced the acreage for purchase to keep three acres for a water well and Fire Station.
Key Facts
What is The Development Program?
The Plan is consistent with what was approved for the property as part of the Platinum Triangle Plan. It includes:
- 150-acre property
- 5,175 residential units (apartments and condominiums)
- 15% of residential units will be Affordable Housing including 518 Very Low and Lower as well as 259 Moderate Units
- 2.7 million square feet of office
- 1.1 million square feet of commercial (retail, dining and entertainment)
- 943 hotel rooms
- 7-acre urban park in addition to at least 5 acres of local serving parks
- 45,500 seat Stadium
What Are The Next Steps?
2020
- City Virtual Town Halls on Project September 8, 12, and 24
- Planning Commission Hearing September 9
- City Council Hearings September 29 and October 6
2021
- Vesting Tentative Tract Maps March 31
- City Tract Maps Review September 30
- Close of Sale Late 2021 at the Earliest