Developer Mike Harrah of Caribou Industries is pivoting to residential for his One Broadway Plaza project in downtown Santa Ana. Harrah wants to change course on the delayed 37-story mixed-use development in downtown Santa Ana and instead build 602 market-rate apartments, the Orange County Business Journal reported. The shift reflects a market reshaped by remote work and stubbornly high office vacancy, Harrah said. “The uses have changed because the economy has changed,” Harrah told the outlet, noting the pandemic’s lasting effects on office markets across Greater Los Angeles. The latest proposal for the 800,000-square-foot project at 1109 North Broadway adds […]
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