A 5.5-acre development site in Garden Grove that has been slated for a 460-unit apartment project has recently sold. According to multiple industry reports, Arcadia-based Kam Sang Co. acquired the site at 10115 Garden Grove Blvd. for $18 million. The property was previously owned by the City.
The recently acquired land will allow for the final phase of the company’s planned Brookhurst Place development. In 2018, the company began the project, completing the first phase – a 180-unit apartment complex – at 12801 Brookhurst St.
Brookhurst Place was also slated to include a one-acre public park and 50,000 square feet of commercial and retail space, according to planning documents previously submitted to the City.
The project site is situated amongst various retail and dining amenities and is also within close proximity to State Route 22. In addition, the site is just a short drive away from various attractions in Anaheim, including Disneyland.
In 2010, Kam Sang Company initially entered into a development agreement with the Garden Grove Agency for Community Development, in which the company would pay $24.4 million for the site. However, in 2018, the City approved a change in the plan that allowed for the $18 million acquisition, according to public planning documents.
Kam Sang Co. is a real estate development and hospitality company that was founded in 1979. The company’s portfolio includes a mix of hospitality, retail, residential and mixed-use properties.
In September, the company received approval for another project planned in Garden Grove. The project is a Nickelodeon-themed resort planned for a nearly four-acre site at the northwest corner of Harbor Boulevard and Twintree Avenue. Once complete, the resort will encompass 600 rooms, a five-level parking garage and various guest amenities, according to previous reporting from The Registry.