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<\/a><\/p>\nRendering:\u00a0IBI Group<\/a><\/em><\/p>\n The owner of Angel Stadium, Arte Moreno, is hoping his company\u2019s redevelopment plan for the 153-acre site is a homerun with Anaheim officials.\u00a0<\/span><\/p>\n On Tuesday, June 23rd, SRB Management submitted a conceptual master site plan<\/a> to the City, which calls for the addition of housing, offices, hotel rooms, parks, restaurant and retail space, and ample parking.<\/p>\n Rendering:\u00a0IBI Group<\/a><\/em><\/p>\n The Big A: 2050<\/a> envisions \u201ca vibrant new pedestrian and transit-friendly \u2018town center\u2019 that will significantly enhance Anaheim\u2019s renowned position among cities offering unique world class destinations.\u201d<\/p>\n The plan\u2019s architects, Canadian-owned IBI Group<\/a>, were inspired by San Diego\u2019s Petco Park, Chicago\u2019s Wrigleyville neighborhood, and the Texas Live! Entertainment Complex in Arlington, Texas.<\/p>\n Rendering:\u00a0IBI Group<\/a><\/em><\/p>\n 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.<\/p>\n Angel Stadium would either be renovated or rebuilt on a nearby site alongside the Orange (57) Freeway and the Santa Ana River.<\/p>\n Rendering:\u00a0IBI Group<\/a><\/em><\/p>\n 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.<\/p>\n 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.<\/p>\n<\/a><\/p>\n\r\n SEE ALSO:<\/span>Proposed Honda Center development calls for 2,800 apartments<\/a><\/strong>\r\n <\/div>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n