Shopoff Group’s Uptown Newport Village Poised to Break Ground

By Jeffrey Steele, Contributing Writer

<a href=Uptown Newport Village Rendering 2" src="https://media.atre.yardi.com/1/26176/images/Uptown-Newport-Village-Rendering-2.jpg?w=240&h=150" width="240" height="150" />Newport Beach, Calif.—The Shopoff Group expects to begin construction this month on a new luxury development called Uptown Newport Village in Newport Beach, Calif. The development, which supplants a pair of obsolete industrial buildings on Jamboree Road near John Wayne Airport, will feature upscale apartments and townhomes, a public park with concert green and retail shops.

The Shopoff Group, based in Irvine, acquired the Uptown Newport site with its capital partner DRA Advisors in 2010. Last year, The Shopoff Group secured Newport Beach City Council approval and entitlements for the project.  It purchased DRA Advisors’ stake in the project last month.

The first of two phases will commence this month and will entail the construction of an 11,500-square-foot retail center, the building of approximately 580 luxury apartments and condominiums and the creation of a park with concert green, courtyard with lounge-style seating and a children’s tot lot.

<a href=Uptown Newport Village Rendering 1" src="https://media.atre.yardi.com/1/26176/images/Uptown-Newport-Village-Rendering-1.jpg?w=510&h=209" width="510" height="209" />

When complete, Uptown Newport Village will offer 1,244 luxury homes, many retail shops, two full-acre public parks, plazas, fountains and public walking paths.

“Uptown Newport is the first project that meets the City of Newport Beach’s vision as outlined in the city’s general plan for transforming former commercial and industrial sites in the airport area into a unique urban village,” William Shopoff, president and CEO of The Shopoff Group, tells MHN. “[The village] will bring a mix of upscale high-density residential, retail and recreational uses to the area around John Wayne Airport.”

Advancing the development beyond the proposal stage involved a very close collaboration throughout the planning and design process between The Shopoff Group and the Newport Beach Planning Commission, city staff, the city council and the surrounding community.

<a href=Uptown Newport Village Aerial Map" src="https://media.atre.yardi.com/1/26176/images/Uptown-Newport-Village-Aerial-Map1.jpg?w=238&h=335" width="238" height="335" />The goal, Shopoff says, was “to make sure our project met the goals of the city’s general plan for bringing new vitality to the area. We had to be very diligent during the process to incorporate architecture and landscaping that is fitting for an urban setting and exemplifies the lifestyle and quality of Newport Beach.”

As the first project of its kind in the John Wayne Airport area of Newport Beach, Uptown Newport will be a catalyst for luring dynamic new housing, recreational and retail improvements to the surrounding area, Shopoff says. The project will provide more than $30 million in Phase I developer fees to the City of Newport Beach, and will generate more than $600,000 in annual tax revenue for the city.

“The project will improve the local environment by reducing greenhouse gases and the carbon footprint of the site,” Shopoff adds. “It will also include the installation of a new storm water runoff treatment system that will help protect and improve water quality in Newport Beach’s Back Bay.”

Comments

Post a Comment

Popular posts from this blog

Winston Peters accused of 'race-baiting' attack on Chinese air crew

Image
New Zealand First leader Winston Peters is being accused of "race-baiting" over an attack on Chinese airline crew moving into a former special housing area that was designed to help solve Auckland's housing crisis . In a statement headed " Mt Albert state housing land now in Chinese hands", Peters said some of the former Housing NZ land at 98-130 Haverstock Rd in Sandringham "went to China Southern Airlines people from China and not to ease the housing shortage for Auckland residents". He attached a photo showing a banner in front of a house saying in Chinese and English: "Warmly welcome the leadership from Aviation Services Department to China Southern Airlines Crew Apartment in Auckland, New Zealand." The property was given Special Housing Area status in May 2014, with a requirement 10 per cent of homes must be "affordable. These areas were disestablished when the new Auckland Unitary Plan came into force last Septe...
Read more

Atlanta time travel made possible through photo collection

Atlanta is a city of change, with construction constantly reshaping the urban realm. Buildings rise, buildings fall, and as the population of the city grows, so too has the skyline. Now, RentCafe has assembled 10 amazing, interactive “then-and-now” photos to highlight how Atlanta has been reshaped over the last 150 years. While some scenes are hardly recognizable, others illustrate how the city has actually saved some of its oldest structures. Off to the visual journey: ^ The first view is of Margaret Mitchell Square at the intersection of Peachtree and Forsyth Streets in the heart of downtown. The Candler Building in the background still stands today and is being converted into a hotel, while the narrow tower in the foreground of the 1938 image was reduced to just three stories to prevent its collapse during construction of Peachtree Center MARTA Station , which sits below the site. ^ Nothing remains today from this view of Whitehall Street in 1864. Now known as Peachtree, the road...
Read more

Questions on immigration, race follow Trump to Arizona - 3TV

By JULIE BYKOWICZ Associated Press WASHINGTON (AP) -- Trying to recapture the Republican fervor that helped put him in office, President Donald Trump travels to Yuma, Arizona, on Tuesday to visit the nation's southern border and to Phoenix to rally thousands of supporters in a state where he's trashed both Republican senators. The two-day trip, which also includes a stop in Reno, Nevada, to speak to veterans at an American Legion conference , marks his farthest journey west since taking office in January. [RELATED: Arpaio says he wasn't invited to Trump rally in Phoenix] [RELATED: Gov. Ducey to skip Trump rally in Phoenix, VP Pence to attend] [CONTROVERSIAL VISIT: Some protesters registering for Trump rally but don't plan to attend] It comes at a politically turbulent time for the president. On Monday night, he addressed the nation about his decision to maintain a U.S. presence in Afghanistan, an action at odds with his repeated promises on the campaign trail to end...
Read more