cre activity
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Southern California CRE Activity
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Sep 30

ocV!BE targets early 2027 for first phase in Anaheim

The ocV!BE district around Honda Center, with a 5,700-capacity amphitheater and music hall, targets early 2027 for Phase One.

Sources
City of Anaheim; Urbanize LA; imagery: Google Earth
~95 acres
District
5,700
Amphitheater capacity
~$4B+
Investment
ocV!BE targets early 2027 for first phase in Anaheim

What's happening

ocV!BE Sports & Entertainment, led by Henry Samueli, is building a district of roughly 92 to 95 acres around Honda Center in Anaheim's Platinum Triangle. Plans include a 5,700-capacity amphitheater, a music hall, hotels, offices, apartments and about 20 acres of parks.

Two parking garages opened in October 2025, and Phase One is scheduled for early 2027. The total investment has been reported at about $4 billion, with some recent reports citing a higher figure.

  • Size: About 92 to 95 acres; amphitheater, music hall, hotels, offices, apartments
  • Developer: ocV!BE Sports & Entertainment (Henry Samueli)
  • Location: Platinum Triangle, Anaheim, Orange County
  • Status/Timing: Under construction; Phase One scheduled for early 2027
  • Cost: About $4 billion or more (reported)

What it means for owners, tenants and investors

ocV!BE turns the area around Honda Center into a mixed-use district that will draw visitors year-round, not only on event nights. Owners of nearby land and multifamily properties in the Platinum Triangle stand to benefit from the new amenities, while new office space will compete for Orange County tenants.

Anaheim's multibillion-dollar entertainment district is moving toward a first-phase opening in early 2027.

What to watch

Watch for amphitheater and music hall opening dates, office leasing and the timing of later residential and hotel phases.

Imagery: Google Earth.

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