Rendering: IBI Group
The owner of Angel Stadium, Arte Moreno, is hoping his company’s redevelopment plan for the 153-acre site is a homerun with Anaheim officials.
On Tuesday, June 23rd, SRB Management submitted a conceptual master site plan to the City, which calls for the addition of housing, offices, hotel rooms, parks, restaurant and retail space, and ample parking.
Rendering: IBI Group
The Big A: 2050 envisions “a vibrant new pedestrian and transit-friendly ‘town center’ that will significantly enhance Anaheim’s renowned position among cities offering unique world class destinations.”
The plan’s architects, Canadian-owned IBI Group, were inspired by San Diego’s Petco Park, Chicago’s Wrigleyville neighborhood, and the Texas Live! Entertainment Complex in Arlington, Texas.
Rendering: IBI Group
If approved, the development would feature 5,175 apartments and condominiums, including affordable housing, 2.7 million square feet of office space, 1.1 million square feet of retail and restaurant space, two hotels totaling 943 rooms, a five-acre urban park, five additional acres of community green space, and 12,500 parking spaces spread throughout surface and underground structures. Construction would take place over a 30-year period.
Angel Stadium would either be renovated or rebuilt on a nearby site alongside the Orange (57) Freeway and the Santa Ana River.
Rendering: IBI Group
In December of last year, Anaheim City Council approved the $325 million sale of Angel Stadium and its grounds to SRB Management, a hedge fund management firm owned by Moreno. Although the deal has yet to be finalized, offloading the property to a private company means taxpayers will no longer be on the hook for costly stadium upgrades and maintenance.
The Anaheim City Council will publicly review the development plans this fall with final approval expected in 2021 or 2022. Construction could begin as early as 2023 if the project does not face any significant delays.
Rendering: IBI Group
According to SRB Management, The Big A: 2050 has the potential to create 43,00 jobs and inject $7 billion into the local economy.
“For too long, the fate of baseball in Anaheim was unclear,” said Anaheim Mayor Harry Sidhu in a statement. “Now there is a clear path forward with this proposal for neighborhoods, parks, open spaces, shopping, dining and entertainment, all built around baseball.”
