Irvinian81 said:
Pretty sure it's going to be called Eastwood. They're bidding out jobs under the name Eastwood village. The street is called Parkwood.
http://www.ericksonhall.com/bids2/288/
Eastwood Village (Planning Area 5B) coming 2017
- Thread starter ps99472
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NEW -> Contingent Buyer Assistance Program
Pretty sure it's going to be called Eastwood. They're bidding out jobs under the name Eastwood village. The street is called Parkwood.
http://www.ericksonhall.com/bids2/288/
Eastwood Village is going forward as TIC had planned, probably sometime in the summer or fall of 2015. TIC certainly wants to see the near completion of Cypress Village and Stonegate before opening this new development and from the amount of construction going on at Eastwood Village site, it does look like it will be ready sometime this year.
Regarding to apartments, from most of stuff I've read, multiple family rental properties are booming among builders not just TIC due to a trend of decrease in first time home buyers and increase in renting instead of buying among millennials. TIC will continue to built more apartment since there's high demand for it.
Not surprised. There will be a lot of inventory out there with PS,CV,OH,HC and both marine bases. If the market isn't right in 2017, who knows when these home will be built as TIC will just sit on the land until the market is high again.
Are the 169 residential lots intended for SFRs not built by IP?
Planning commission is this week. Here's the current link to the pdf:
http://www.irvinequickrecords.com/sirepub/view.aspx?cabinet=published_meetings&fileid=16320800
The four tracts I mentioned above are the single family residences. They surround the school and all have the loop style streets with no CDS. The size of these homes seems like a Strada or Jasmine. I'll probably pass on this first phase and wait for lot 7.
17859 and 17860 looks like traditional single family homes and not detached condos as mentioned by landofnoland in a previous post.
Pretty sure it's going to be called Eastwood. They're bidding out jobs under the name Eastwood village. The street is called Parkwood.
http://www.ericksonhall.com/bids2/288/
irvinehomeowner
Well-known member
Apartments are perpetual income.
TIC is moving in the direction of Apartments and offices, instead of being builders and developers. I talked to an executive a few years back and he was saying how they don't have too much land left, so they are trying shift into more of an asset management company.
Hence why they bought tons of apartments/offices in San Diego and other cities as well. That in essence is their long term strategy and will dictate their future success. Looks like they have done a good job transitioning though. Its funny, when I lived in San Diego, I saw TIC signs/buildings everywhere!
Hence why they bought tons of apartments/offices in San Diego and other cities as well. That in essence is their long term strategy and will dictate their future success. Looks like they have done a good job transitioning though. Its funny, when I lived in San Diego, I saw TIC signs/buildings everywhere!
http://www.bloomberg.com/news/artic...e-bren-is-secret-owner-of-nyc-s-metlife-tower
(Bloomberg) -- The owner of the MetLife Building, one of Manhattan?s most well-known skyscrapers, isn?t who most people think.
California billionaire Donald Bren?s Irvine Co. has built a 97.3 percent ownership stake in the 58-story tower in the past decade, said Dan Young, an executive vice president at the closely held company. While Tishman Speyer is still the managing partner of the property, which it acquired in 2005 for $1.79 billion and features on its website, the company?s stake in the MetLife Building has been whittled to less than 3 percent.
(Bloomberg) -- The owner of the MetLife Building, one of Manhattan?s most well-known skyscrapers, isn?t who most people think.
California billionaire Donald Bren?s Irvine Co. has built a 97.3 percent ownership stake in the 58-story tower in the past decade, said Dan Young, an executive vice president at the closely held company. While Tishman Speyer is still the managing partner of the property, which it acquired in 2005 for $1.79 billion and features on its website, the company?s stake in the MetLife Building has been whittled to less than 3 percent.
Irvinian81 said:
Eastwood Village is going forward as TIC had planned, probably sometime in the summer or fall of 2015. TIC certainly wants to see the near completion of Cypress Village and Stonegate before opening this new development and from the amount of construction going on at Eastwood Village site, it does look like it will be ready sometime this year.
Regarding to apartments, from most of stuff I've read, multiple family rental properties are booming among builders not just TIC due to a trend of decrease in first time home buyers and increase in renting instead of buying among millennials. TIC will continue to built more apartment since there's high demand for it.
Zenyatta1
New member
It was in a report titled "Draft Initial Study and Mitigated Negative Declaration for planning area 5B elementary school" dated Feb 2015. It's a long report but look for section 2.2 where it briefly discusses the development.
I hope I'm wrong, but that's what it seems to be saying.
I hope I'm wrong, but that's what it seems to be saying.
fishfinder333
New member
Zenyatta1 said:
Not surprised. There will be a lot of inventory out there with PS,CV,OH,HC and both marine bases. If the market isn't right in 2017, who knows when these home will be built as TIC will just sit on the land until the market is high again.
callmehere
Member
great, that's just going to make traffic on jeffrey even worse in the morning. already takes forever with all the stoplights getting from north irvine to south irvine.
how come they aren't building more shopping centers?? we need a target closer by
how come they aren't building more shopping centers?? we need a target closer by
Ready2Downsize
Well-known member
That has been known for a few years.
http://www.canyoncreekhoa.com/news/hinesnursery/20130317_Planning_Area_5B_Facts.pdf
When I moved to Canyon Creek over 20 years ago, I knew that area wasn't going to remain agriculture.
Irvine and Jeffrey is 5 miles from the Target on Culver/Barranca and less than 3 miles from the Target in the Irvine Marketplace.
Pavilion Park is only 5 miles from the Foothill Ranch Target and 4 miles from the Spectrum. Portola Springs is even closer to the Foothill Ranch Target.
Seems like Target is not that far from that area.
http://www.canyoncreekhoa.com/news/hinesnursery/20130317_Planning_Area_5B_Facts.pdf
When I moved to Canyon Creek over 20 years ago, I knew that area wasn't going to remain agriculture.
Irvine and Jeffrey is 5 miles from the Target on Culver/Barranca and less than 3 miles from the Target in the Irvine Marketplace.
Pavilion Park is only 5 miles from the Foothill Ranch Target and 4 miles from the Spectrum. Portola Springs is even closer to the Foothill Ranch Target.
Seems like Target is not that far from that area.
usctrojancpa
Well-known member
If the current real estate market continues to firm, they will build the homes sooner rather than later. Builders, including TIC, have a pulse on the market and they do not want to leave money on the table. My guess is that the first models open up in Eastwood late 2015/early 2016 with the first move-ins in mid 2016.
thelandofnoland
New member
Please contact me athttp://thenewhomeblog.wix.com/the-new-home-blogfor more information on the original post. Thank you.
ChasingRainbows
Member
thelandofnoland said:
Are the 169 residential lots intended for SFRs not built by IP?
ps99472
New member
Planning commission is this week. Here's the current link to the pdf:
http://www.irvinequickrecords.com/sirepub/view.aspx?cabinet=published_meetings&fileid=16320800
The four tracts I mentioned above are the single family residences. They surround the school and all have the loop style streets with no CDS. The size of these homes seems like a Strada or Jasmine. I'll probably pass on this first phase and wait for lot 7.
17859 and 17860 looks like traditional single family homes and not detached condos as mentioned by landofnoland in a previous post.