OCVIBE Development to Complete by 2033
The $5 billion project will add 2,000 residential units and new commercial space to Anaheim’s Honda Center area.
Updated on Oct. 28, 2026 in Commercial
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By 2033, the Samueli family plans to finish the OCVIBE redevelopment in Anaheim, transforming 110 acres around the Honda Center into a mixed-use district with 2,000 residential units. The project aims to boost local tax revenue through high-density commercial growth that complements the citys tourism economy.
Why it matters
The $5 billion project seeks to create a live-work-play environment that generates sustained activity beyond event days, potentially strengthening the tax base that already saves the average Anaheim family $9,000 annually. By replacing underutilized parking with high-density housing and office space, the development shifts the area from a transient venue site into a permanent residential and economic hub.
The Samueli family has committed $5 billion toward the OCVIBE project, which is part of a broader $262 billion investment trend across 107 sports-anchored developments nationwide. This project replaces 62 acres of parking with new infrastructure to support 2,000 residential units and 168,000 square feet of office space.
The players
Samueli family
Owners of the Anaheim Ducks and the primary investors behind the $5 billion OCVIBE redevelopment.
Visit Anaheim
The destination marketing organization that tracks visitor spending and economic impact in the city.
Kroenke Sports & Entertainment
A sports and entertainment holding company expected to acquire the Los Angeles Angels baseball team.
The details
The OCVIBE project consolidates surface-level parking into structures capable of housing 11,000 vehicles, freeing up 62 acres for development. This land will host two hotels, 36 restaurants, six bars, and a new 5,000-seat concert hall alongside office and residential space. The initiative targets an increase in visitor stays, as each additional day spent in the area is projected to generate nearly $1 billion in hotel occupancy revenue.
Timeline
1993: The Honda Center opened in Anaheim.
November 2018: The land purchase process for the OCVIBE area began.
Early 2027: MLB approval is expected for the Kroenke Sports & Entertainment purchase of the Los Angeles Angels.
2033: The OCVIBE redevelopment project is scheduled for completion.
Money Landscape
OCVIBE follows the pattern established by the $262 billion investment in sports-anchored mixed-use developments by leveraging major venue traffic to drive long-term real estate value. This project aligns with a broader municipal effort to pivot stadium-adjacent land toward high-density residential and commercial revenue streams.
Residents should track how the shift toward high-density mixed-use land affects local infrastructure demands and municipal tax revenue projections over the next nine years. Homeowners and renters may see changes in the surrounding neighborhood’s walkability and commercial options, which can influence long-term property values and area amenity access.
The takeaway
The OCVIBE project represents a significant shift from surface parking to intensive residential and commercial use in Anaheim. Residents can monitor future city council planning sessions regarding the 2,000 planned residential units to understand how the project may influence local housing inventory and public services.
Further reading
For more on local business development, visit Commercial.
Source note: This article includes information reported by Newsweek.
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