Irvine Co. Gets OK To Convert Newport Beach Offices Into Housing

Barchart·12/04/2025 03:52:15

Irvine Co. got the green light to turn an office park into housing near John Wayne Airport.  The Newport Beach City Council voted unanimously to approve a development agreement allowing Irvine Co. to build housing and commercial space at the MacArthur Court Campus next to the airport, according to The Real Deal. Plans call for 700 market-rate units in two five-story buildings and a 10K SF retail space.  As part of the agreement, Irvine Co. must build 49 units of affordable housing off-site. The first permit for that project has to be issued by January 2029. Some residents expressed skepticism that the affordable units would get built, citing an...