• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Salt Development moves forward on $500M multifamily in Anaheim Hills

Salt Development has moved forward with a controversial plan to build nearly 500 apartments and six luxury homes in Anaheim Hills, while creating a 46-acre nature preserve.

The Anaheim Planning Commission is expected to consider plans by the Salt Lake City-based developer to build the seven-story building and homes on 76 acres along Deer Canyon in the hilly neighborhood south of Yorba Linda, the Orange County Register reported.

The property lies south of the 91 Freeway and Santa Ana Canyon Road between a shopping center to the east and homes to the west and south.

Plans for the $500 million project known as Hills Preserve call for a Mid-Century Modern-style building with 498 luxury apartments, from studios up to three-bedroom units. It would include a rooftop pool, bowling alley and sauna.

The seven-story building would be on the lowest part of the property and sunk into the hillside to preserve views.

The project would also include a parking garage, six large-lot estate homes, plus two pads for commercial buildings, likely medical offices and a restaurant.

Salt would develop one side of the property and donate 46 acres, or 60 percent of the land, to the city to expand its adjacent Deer Canyon Park Preserve. The 103-acre wilderness, acquired in 1994, is now used for hiking and horseback riding.

“I feel like we’ve taken an extra step to do something that’s really worthy of Anaheim Hills,” Salt Development co-founder Thomas Vegh told the Register. “We’ve taken that step to make this special.”

The project, proposed in late 2022, has drawn fierce opposition from local residents worried about traffic and a development they say would strain roadways and water supplies, displace wildlife and create fire risks.

“The last time we had to evacuate, it took me 90 minutes to go four miles,” Doug Hill, who has lived in the Anaheim Hills since 1996, told the newspaper. He said local infrastructure was never intended for dense housing.

An environmental impact report done for the development said wildfire evacuation during a worst-case scenario would take 210 minutes if the apartment homes are built, compared to 186 minutes if they are not, according to the Register

Salt, which pledged to give $500,000 to a new city trust fund to finance affordable housing, said the apartments are expected to rent from $2,400 to $16,000 a month. 

If approved by the Planning Commission, the project would likely go to the City Council next month. If approved, the developer could break ground as soon as next summer. 

— Dana Bartholomew

Read more

  • Salt Development eyes 500 apartments in Anaheim Hills
  • Anaheim Hills homeowners vote on tax to pay for landslide pumps
  • Anaheim creates housing trust fund to finance affordable projects

The post Salt Development moves forward on $500M multifamily in Anaheim Hills appeared first on The Real Deal.

Powered by WPeMatico

  • 03 September 2024
  • The Real Deal
  • Uncategorized
  •  Like
LA’s luxury home market ends summer with a rally →← One Cole pays $39M for pair of retail buildings in Beverly Hills
  • Recent Posts

    • Hoteliers sound the alarm on looming distress  May 24, 2025
    • Growth markets see retail boom even with tariff uncertainty May 24, 2025
    • Westchester resi project gets city OK after union drops objection May 23, 2025
    • WATCH: ‘Father of CMBS’ Ethan Penner to run for governor of California May 23, 2025
    • Fashion Island office fetches $756 psf May 23, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM