200 S. Anaheim Blvd.
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Anaheim, CA 92805
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CITY COUNCIL AGENDA REPORT
City of Anaheim
PLANNING AND BUILDING DEPARTMENT
DATE: JULY 14, 2026
FROM: PLANNING AND BUILDING DEPARTMENT
SUBJECT: ANNUAL REVIEW OF AMENDED AND RESTATED
DEVELOPMENT AGREEMENT NO. 2020-00004 FOR THE
OCVIBE MASTER SITE PLAN PROJECT
ATTACHMENT (Y/N): YES ITEM # 04
GOVERNMENT CODE § 84308 APPLIES: NO
RECOMMENDATION:
That the City Council, by Motion, determine on the basis of the evidence submitted by Anaheim Real Estate Partners, LLC, TS Anaheim, LLC, and FCD, LLC (OCVIBE), that the property owner has complied in good faith with the terms and conditions of Amended and Restated Development Agreement No. 2020-00004 for the 2025-2026 review period for the OCVIBE Master Site Plan project (Project) located in the Platinum Triangle.
DISCUSSION:
A development agreement is a contract between a city and property owner that provides certainty to the property owner that the approved project will be exempt from future changes to zoning laws and requires the property owner to provide benefits to the City in exchange for that certainty.
In October 2022, the City of Anaheim and OCVIBE executed Development Agreement No. 2020-00004 to govern development of the Project, which was subsequently recorded in the office of the County Recorder on July 27, 2023. The Project at that time included over 3.1 million square feet of commercial, office, and institutional uses, 1,500 residential units (including a minimum of 195 affordable units), public and private parks, and a network of public and private streets.
In November 2024, the City Council and OCVIBE executed Amended and Restated Development Agreement No. 2020-00004 (Development Agreement) in conjunction with a request to revise the scope of the Project. The revision increased the number of residential units up to 2,250 (including at least 300 affordable units), removed the proposed Meadow Amphitheater, dedicated additional park space in the formerly approved amphitheater, and provided an option to remove the approved pedestrian bridge from Parking Deck C across Douglass Road.
OCVIBE Amended and Restated Development Agreement (Annual Review) July 14, 2026
Pursuant to the established procedures for the Development Agreement, the City is required annually to review the extent of good faith compliance by OCVIBE. Demonstration of good faith compliance includes conformance with all terms and schedules set forth in the Development Agreement. If the Council finds that OCVIBE has demonstrated good faith compliance, the review for that period is complete. This is the second annual review since the Development Agreement was executed.
OCVIBE has submitted the attached letter (Attachment No. 1), dated June 2026, requesting a determination of good faith compliance with the Development Agreement. The letter outlines each obligation, including timelines for performance and status. In summary, the following milestones have occurred within the current review period, as of June 2026:
Final site plans were approved by the Planning Commission on the following site improvements:
o Parking Deck A (1,840 parking spaces) – Approved November 17, 2025 o South Plaza (320-room hotel, 46,000 square feet of commercial area, and an outdoor plaza) – Approved December 1, 2025
o Residential Phase I (532 residential units, including 35 affordable units) – Approved – Approved January 12, 2026
Construction has been completed on the following site improvements:
o Security Hub (12,500 square foot security building)
o Parking Structure Deck B – Interior (2,968 parking spaces) o Parking Structure Deck C – Interior (1,566 parking spaces) Construction is ongoing on the following roadway infrastructure:
o Cerritos Avenue (Douglass Road to River Road Phase II) Construction is ongoing on the following site improvements:
o Honda Center West Addition (17,001 square foot addition) o Honda Center South Addition (71,662 square foot addition) o Parking Deck A
Construction drawings were submitted for the following site improvements:
o Douglass pedestrian bridge
o South Plaza
o Residential Phase I
Design and coordination meetings with City staff are ongoing on the following site improvements:
o Meadow Park, modified ARTIC bus drop-off
o Katella pedestrian bridge
The following milestones began construction in prior review periods and are ongoing:
Roadway infrastructure:
o Katella Avenue (State Route 57 to River Road)
o River Road Phase II (Stanley Cup Way to BNSF Railway/UPRR) o River Road Phase III (BNSF Railway/UPRR to Ball Road) Site improvements:
o Honda Center Interior Improvements
o Market Hall (260,000 square foot office and commercial building) OCVIBE Amended and Restated Development Agreement (Annual Review) July 14, 2026
o Concert Hall (5,613 capacity entertainment venue)
o Urban Park
o Parking Structure Deck B – Exterior Façade
o Parking Structure Deck C – Exterior Façade
o Parking Structure Deck D (1,791 parking spaces)
The following milestones were completed in prior review periods:
Roadway infrastructure:
o River Road Phase I (Katella Avenue to Stanley Cup Way) o Stanley Cup Way (River Road to Douglass Road)
o Douglass Road (Stanley Cup Way to Cerritos Avenue)
Staff confirmed that OCVIBE has complied in good faith with the terms and conditions of the Development Agreement required during the 2025-2026 review period and continues to make progress towards completion of the future obligations of the Development Agreement.
Therefore, staff recommends that the City Council determine that the property owner has complied in good faith with the terms and conditions of the Amended and Restated Development Agreement for this review period.
IMPACT ON BUDGET:
There is no budgetary impact. OCVIBE, as the property owner, is paying the cost of this annual review.
Respectfully submitted,
Heather Allen
Planning and Building Director
Attachments:
1. Annual Review Letter
2. Project Overview Map
3. Amended and Restated Development Agreement No. 2020-00004