Newport Beach just got overruled by California housing laws. скачать в хорошем качестве

Newport Beach just got overruled by California housing laws.

Newport Beach real estate is under the spotlight after the City Council approved the Ford Road Townhomes, a 27-unit luxury development at the southeast corner of MacArthur Boulevard and Bonita Canyon Drive. Despite pushback from neighbors and a full appeal by the Save Our Sports Park group, the project is moving forward, thanks in large part to California’s housing mandates and the state’s builder’s remedy law. This development will deliver luxury for-sale townhomes designed for young families, professionals, and downsizers seeking the Newport Beach lifestyle. Units will range from two to four bedrooms, with floor plans from 1,196 to 2,989 square feet, spread across four detached buildings. At nearly 48 feet tall, the homes will include private garages, additional uncovered parking, and modern upgrades to surrounding infrastructure, including improvements to the AT&T facility next door. The developers behind this project are Ford Road Ventures, backed by Newport Beach executives Peter Zak and Kory Kramer. Although their corporate companies Lyon Living and Eagle Four Partners are not officially tied to the project, their involvement underscores how influential players are shaping Newport Beach’s housing landscape. Mayor Joe Stapleton addressed concerns from residents, acknowledging issues around parking and traffic, but stressed that the city’s options are limited due to state law. “The fight is with Sacramento, not with us,” he said. The council’s unanimous approval shows how local control is increasingly constrained by California’s housing element laws. For buyers, sellers, and investors, the Ford Road Townhomes represent both opportunity and change. Newport Beach, Orange County, and California coastal real estate are entering an era where state housing policy directly impacts neighborhood development. Whether you see this as much-needed progress or a threat to community character, it highlights why staying informed about real estate policy and projects is critical if you plan to make a move in Newport Beach. Rick J. Lee Realtor @ ΓEA⅃ Broker Cell: (714)-943-1598 DRE # 02130981 NMLS 2561007 Source: ocbj.com #NewportBeachRealEstate #FordRoadTownhomes #OrangeCountyRealEstate #CaliforniaHousingCrisis #BuildersRemedy #NewportBeachLiving #LuxuryTownhomes #RickJLeeHomes #OrangeCountyHousing