Irvine Company breaks ground on parking-to-resi project near Fashion Island
Irvine Company is turning parking into housing near Fashion Island, continuing the slow transformation of Newport Center from a daytime office-and-retail district into a denser live-work enclave. The prolific Orange County developer started construction on a five-story, 184-unit apartment building at 800 San Clemente Drive in Newport Beach, the Orange County Business Journal reported. The firm completed demolition of a four-story, 842-space parking garage on the 2.2-acre site near the shopping center. Irvine Company secured construction permits for the project last month. The development will expand Irvine Company’s existing Villas Fashion Island complex, a 524-unit apartment property that opened in […]This article originally appeared on The Real Deal. Click here to read the full story.
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