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MUNICIPAL NEWS
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City of Irvine tentatively approves Great Park homes

The community will include 5,000 homes and more than 1 million sq. feet for non-residential use.

By Karly BarkerPublished: September 01, 2011 12:45 PM

Plans for nearly 5,000 homes and more than 1 million square feet of non-residential use around the Great Park were tentatively approved Tuesday night by the Irvine City Council. The debate over the community, which will be located near the former El Toro Marine Base, lasted nearly six hours, but resulted in a three to two vote in favor of the project.

“This project is complementary in nature,” said Mayor Sukhee Kang. “For us to be successful, we need the Great Park Neighborhoods project to be successful as this would not only benefit this community, but also the entire region.”

The Great Park Neighborhoods is managed by Five Point Communities, according to a representative from the City of Irvine. The company hopes to break ground on the neighborhood by the end of this year and homes are expected to be for sale in 2013.  In addition to homes, the project will include retail space and offices.

“This is an opportunity to enhance the economic strength by creating new jobs," said Kang. "This project will bring 16,510 jobs to this area. Many workers will go back to work and the trickle-down effect will be of great benefit and importance.”

The council will have a second reading of the zone in September. On Tuesday, the council certified a supplemental EIR, and approved a general plan amendment along with the first reading of a zone change.

The spokesperson also said the City will consider an “adjacent landowner agreement term sheet” with the Five Point Communities regarding operations and maintenance funding for the Great Park, infrastructure, and other matters.

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