Built during the height of the boom, GardenWalk in Anaheim was a can't-fail mixed-use shopping center with condos. The retail opened just as the recession hit, and this week the developer has put the condo construction rights up for sale.
GardenWalk is zoned for up to 400 condos on top of the retail. The rights for condo development were originally valued at $37 million, but current bids are in the low $20s.
Roger Vincent writes, "The owner spent $19 million, mostly on structural upgrades to the garage, [auctioneer Philip] Powers said. "All the buyer has to do is pull permits to get started," Powers said.
Meanwhile, the existing mall is in the foreclosure process with its lender, Citigroup Global Markets Realty Corp., said Bill Stone of Excel Realty, developer and manager of GardenWalk. The mall, valued at $325 million when it was new, is only 65% occupied, he said, but talks are underway with prospective tenants."
FULL STORY: Developer gives up on condo project near Disneyland
Ohio Suburb Reenvisions Car-Oriented Shopping Center
Garfield Heights wants to transform a 1960s complex nestled in a sea of surface parking into a walkable, mixed-use development.
Impact Study Released for Disneyland Expansion
The theme park giant is one step closer to adding new sections to its Anaheim empire.
Retrofitting D.C.’s Suburbs for a New Era
How to equip suburban sprawl for a different future.
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Canada vs. Kamala: Whose Liberal Housing Platform Comes Out on Top?
As Canada votes for a new Prime Minister, what can America learn from the leading liberal candidate of its neighbor to the north?
Washington State’s Parking Reform Law Could Unlock ‘Countless’ Acres for New Housing
A law that limits how much parking cities can require for residential amd commercial developments could lead to a construction boom.
Wildlife Rebounds After the Eaton Fire
Following the devastation of the Eaton Fire, the return of wildlife and the regrowth of native plants are offering powerful signs of resilience and renewal.
LA to Replace Inglewood Light Rail Project With Bus Shuttles
LA Metro says the change is in response to community engagement and that the new design will be ready before the 2028 Olympic Games.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Central Transportation Planning Staff/Boston Region MPO
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions