LENNAR .
Novembe r 12, 2024
Mr. Scott Koehm
City of Anaheim
Via Email Delivery
Planning & Building Department
200 South Anaheim Boulevard
Anaheim, CA 92805
Subject: Development Agreement Annual Review -A-Town
Dear Mr. Koehm,
Pursuant to Section 26.1 of Development Agreement No. 2005-00008, Lennar is submitting this letter to the City of Anaheim for the annual review of good faith compliance with the terms of the Development Agreement.
The 10th year milestones consist of:
• Completion of the Public Linear Park, which was completed in March 2023 • Completion (Approval of final building inspections) of 550 residential units beyond the cumulative 550 (1 ,100 total residential units completed). • The following development areas have been under city plan check review during 2024 in pursuit of building permit issuance:
• Final Site Plan No. 2021-00131 for Development Area F, a tor-sale single-family attached development with 73 residential dwelling units.
Site grading was completed in 2024 and was followed by the commencement of vertical construction which is currently in progress.
• Final Site Plan No. 2021-00003 for Development Area E, a multiple-family development with 257 residential dwelling units.
The development team is working with the building and public works department on issuance of required permits for vertical construction. Permit issuance is anticipated in 2024 followed by the subsequent mobilization for vertical construction occurring in 2025.
• Final Site Plan No. 2021-00002 for Development Area B, a mixed-use project with 270 multiple-family residential units and 21,669 sqft of ground floor commercial space with 505 square feet of accessory outdoor dining.
Financing for large-scale, mixed-use podium projects is unavailable in the current capital market. Lennar is committed to implementing the A-Town Master Plan however, 2000 FivePoint • Floor 3 • Irvine, Ca 92618
as entitled, additional time is required before Lennar can activate Parcel B. ■ Final Site Plan No. 2022-00046 for Development Areas C&D, a mixed-use project with 508 multiple-fami ly residential dwelling units and 17,277 square feet of ground floor commercial space with 972 square feet of accessory outdoor dining space.
Financing for large-scale, mixed-use podium projects is unavailable in the current capital market. Lennar is committed to implementing the A-Town Master Plan however, as entitled, additional time is required before Lennar can activate Parcel C&D.
Please feel free to contact me with any questions or concerns . Thank you for your assistance with this matter.
PT METRO, LLC, a Delaware limited liability
company,
By: Lennar Homes of California, LLC,
a California limited liability company,
its sole member
By:
Name: Jeremy Parness
Its: Regional President
2000 FivePoint • Floor 3 • Irvine, Ca 92618