Uptown Newport Parcel 1
Jamboree Road & Fairchild Drive
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to email: Dan McDonough
Shopoff Realty Investments successfully completed the entitlement process in the City of Newport Beach in early 2014 with unanimous approvals from both the Planning Commission and City Council. The entitlements and land use approvals include: a certified environmental impact report (EIR); Planned Community zoning with site-specific zoning standards; architectural and landscape design guidelines; a tentative tract map; an affordable housing implementation plan; and a development agreement that vests the entitlements through 2025. Shopoff Realty Investments also gained approval from the Planning Commission for master architecture and landscape architecture that allows subsequent site development plan approvals to be processed at the City staff level and does not require future Planning Commission or City Council approval as is typically required for projects within the City. This will expedite and substantially simplify the future implementation of individual buildings planned for construction in Uptown Newport.
Uptown Newport consists of 25 acres of developed land located in the City of Newport Beach on the north side of Jamboree Road at Fairchild Road, just east of the intersection of Jamboree Road and MacArthur Boulevard. The property’s unsurpassed location in the heart of the Jamboree Road corridor in Newport Beach makes Uptown Newport ideal for redevelopment into high density mixed use residential development.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.