Remember Uptown Newport, the residential and retail complex along Jamboree Road
just north of MacArthur Boulevard in Newport Beach, approved by the City Council in 2013?
A construction fence has enclosed the 25-acre site for several years. Now Shopoff Realty, Irvine, is ready to move ahead with the first phase of the project, which will total 1,250 apartment units (92 affordable), 10,700 square feet of retail space and two 1-acre parks.
Shopoff has recently received approval from the Newport Beach Planning Commission to reconfigure Uptown Newport’s retail space. Instead of retail lining Jamboree Road as originally proposed, it will be developed in pockets in the western and central parts of the project. Parking will be in two subterranean levels.
The second phase of Uptown Newport will begin in 2022 or 2027, depending on when Jazz Semiconductor, which occupies a large building on part of the site, ends its lease.
No word yet about the plans for the 28.6-acre site Shopoff has acquired in Huntington Beach. The site, at Magnolia Street and Banning Avenue, holds an oil storage tank farm and pumping facilities.
Initial plans, when Shopoff made the $26.5 million purchase, were to move the three 500-barrel tanks off the land and develop a resort/commercial/residential community.
HOUSING TRUMPS INDUSTRIAL USE
What was once the 2,700-acre Irvine Industrial Complex adjacent to John Wayne Airport was changed in name some years ago to the Irvine Business Complex as office buildings were added to industrial buildings.
But the Irvine Business Complex might now be called the Irvine Apartment Complex as development of apartment buildings is replacing industrial buildings, resulting in workers leaving the area and being replaced by residents. As one measure of job loss in the Irvine Business Complex, in 2006 the IBC had 108,000 jobs. By 2014, the last measure available, jobs in the IBC had shrunk to 93,800 and more have left during the past three years.
Not that Irvine is…