The new property owners, Pacific Coast Capital Partners, promise to begin construction by the end of the year, with the first phase of retail businesses opening by June 2007.
GardenWalk would be one of the largest retail-entertainment projects in Anaheim. Developers plan three upscale hotels, shops and an array of restaurants on Katella Avenue, within walking distance of Disneyland and the renovated Anaheim Convention Center to the west.
GardenWalk developers said they would probably scrap the plans for an aquarium, but they foresaw no other major changes to the 390,000-square-foot project. It will be anchored by hotels offering about 1,100 total guest rooms, and will include a six-level parking structure to accommodate 2,000 vehicles.