The upcoming Uptown Newport Village project, by Shopoff Group, will be a mixed use project located in the City of Newport Beach at the intersection of Jamboree Road and Fairchild Road. The project site is located next to Google (South of the project site). According to an Los Angeles Times article, Uptown Newport Village will be built as a walkable neighborhood that will include high-end residential, as well as, retail, two 1 acre parks accessible to the public, restaurants. Prior, the site was home to two industrial buildings that will be replaced by the upcoming project. The project will consist of two phases. Phase one entails a total of an estimated 575 residential units (tallest at 5 stories) which will include townhomes, condominiums, and apartments. However, according to an environmental document for this project, phase one may entail a total of about 680 residential units. The Los Angeles Times article further states, the Shopoff Group will team up with Picerne Group to construct 483 high-end apartments on a portion of the project site (5 acres). The rest of the land that makes up phase one will be sold to another developer to construct the high-end condonimiums and townhomes. The total cost of phase one will be $225 million.
At the time the Los Angeles Times article was published, the author of the article stated the demolition of the first industrial building began. The second industrial building, currently occupied by TowerJazz, has a lease in the building till 2017 and there is potential that they may be able to stay till 2027. The site of the second industrial building is the future site of phase two which will be sold to another interested developer. One possible developer is interested in building a senior high-end condo high rise.
With both phases, there could be a total of 1,244 residential units, and of those units, 184 residential units would be set aside as affordable housing. According to an environmental document for this project, the total retail will be 11,500 square feet and is a part of phase one. The first acre park will be built as part of phase one and the remaining one acre park will be built under phase two. Phase two will entail a total of 564 residential units. Building heights will range from 30 feet to 75 feet, and the second phase's potential residential high rise buildings may be up to 150 feet tall (13 stories; Source).
Map of Project Site:
Site Plan/Phasing Plan Map: