Talk Irvine

General => Real Estate => Irvine Real Estate => Topic started by: lnc on February 25, 2018, 08:13:16 PM

Title: Great Park District 1 West - Novel Park
Post by: lnc on February 25, 2018, 08:13:16 PM
Here's another future development coming up soon in the Great Park besides the Cadence Park.  It is located directly west of the Beacon Park, maybe they will just it Beacon Park West.

It consists of 723 residential condo units (no SFRs, only condo.  Not sure if there will be detached condo) and a private park.

Right now the developer are at beginning stage of developing this neighborhood and there's not much info available.  More info about this neighborhood should become available in the coming month. 

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6001;image)

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6003;image)
Title: Re: Great Park District 1 West
Post by: IHS3000 on February 25, 2018, 09:15:29 PM
Interesting... Five Point removed the child care center and place of worship from the initial plan and they add a water quality basin on the southern park of the project. Five Point also adds about 3.7 acres of parks (two private parks) for this entire project.

http://www.irvinequickrecords.com/sirepub/mobilemtgviewer.aspx?meetid=5434&doctype=Agenda#

http://www.talkirvine.com/index.php/topic,14690.msg326327.html#msg326327


Looks like more attached condos too. TLONL recently posted this on District 1 - West:
 
“1. William Lyon is building Mason/Cleo-esque flats south of the current Windchime development. Garages are on the first floor and walk-up flats are on the upper floors.
 
2. They are also building another development consisting of 3-story 2- to 4-bedroom duplexes. Interestingly, garages are connected side-to-side but back-to-back...”

http://thenewhomeblog.wixsite.com/the-new-home-blog/single-post/2018/02/08/William-Lyon-at-Great-Park-Neighborhood-1W

Mason and Cleo https://playavista.com/playa-vista-wins-big-2
Title: Re: Great Park District 1 West
Post by: Jantoven on February 25, 2018, 09:59:22 PM
Those documents are dated March 1st, 2018.  You must have some legit access there ;)
Title: Re: Great Park District 1 West
Post by: marmott on February 25, 2018, 10:36:07 PM
All these are public documents, you can read the planning commission meeting minutes here: http://legacy.cityofirvine.org/council/comms/planning/agenda.asp (http://legacy.cityofirvine.org/council/comms/planning/agenda.asp)
Title: Re: Great Park District 1 West
Post by: IHS3000 on February 26, 2018, 09:14:48 AM
Video interview of Five Point CEO Emile Haddad on PBS’s Inside OC show from October 2017. This interview segment is a little over 7 minutes.

After 4:07 minutes, Haddad discusses plans to build a new 400k home in the OC. Haddad describes this home as 700 square feet and features 1 bedroom with flex walls to make into 3 bedrooms.

After 5:12 minutes, Haddad shares Five Points’s commercial/retail plans.

https://youtu.be/AmNXG-AWJJc (https://youtu.be/AmNXG-AWJJc)

https://m.youtube.com/watch?feature=youtu.be&v=AmNXG-AWJJc

I wonder if this 400k home concept makes it in this new development in Great Park’s District 1 - West.

In Rancho Mission Viejo, Azure by New Home Co recently added a new 1 bedroom home with 700 square feet for about 359K.

https://www.ocregister.com/2017/12/17/what-359818-gets-an-orange-county-new-home-buyer/

http://26abh34do2wo40sd221lnuto.wpengine.netdna-cdn.com/wp-content/uploads/2017/07/newhome-azure-floorplans-1.pdf

In Five Point’s letter to the city, dated October 10, 2017, the company mentioned a revised plan for VTTM 17939 (District 1 -West) with 724 residential units (516 attached condos and 208 senior affordable units) which would also include products “to achieve a broader range of market affordability for the residential units.” The plan also included retail too.

Note: city’s recent documents for March 1, 2018 had 723 units.

(http://www.talkirvine.com/index.php?action=dlattach;topic=14690.0;attach=5976)
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 09, 2018, 08:23:12 PM
The 723 residential condo plan for Great Park - District 1 West is on next week’s Irvine City Council Agenda.

http://irvine.granicus.com/MetaViewer.php?view_id=68&event_id=1280&meta_id=84129
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 14, 2018, 08:10:57 PM
The 723 residential condo plan for Great Park - District 1 West is on next week’s Irvine City Council Agenda.

http://irvine.granicus.com/MetaViewer.php?view_id=68&event_id=1280&meta_id=84129

I believe the City Council agreed with the revised Great Park - District 1 - West plan yesterday. After all, the plan is within GPN’s 9,500 home entitlements.

IUSD also recently released a new elementary school wide map.

https://iusd.org/sites/default/files/iusd_elementaryschoolattendance_2018-2019_v3.pdf

It appears Great Park - District 1 - West (723 residential units) is zoned for Beacon Park School. It’s no wonder that they rezoned the Parasol Park and Altair kids to Cadence Park School.

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6163)
Title: Re: Great Park District 1 West
Post by: ParasolParker on March 14, 2018, 09:15:02 PM
Thanks for sharing the new school zones.  We are in Parasol and still not sure if we will try to stay in Beacon Park or not.. It seems like Cadence will have a looot more area to cover than Beacon Park School.
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 15, 2018, 08:24:12 PM
Thanks for sharing the new school zones.  We are in Parasol and still not sure if we will try to stay in Beacon Park or not.. It seems like Cadence will have a looot more area to cover than Beacon Park School.

I agree that the new Cadence Park School covers a lot of area including any future possible Base Camp homes (maybe 600 to 800+ homes).

http://www.talkirvine.com/index.php/topic,15184.msg325005.html#msg325005

Beacon Park School Zones: Pavilion Park, Beacon Park and future District 1 - West homes (almost 2,500 residential units) or maybe a little lower (-200 units or 2,300 units) because it depends on how many senior units are ultimately made at District 1-West.

Cadence Park School Zones: Parasol Park, Cadence Park, Altair and Affordable Housing near Sterling/Windchime-not including the new senior housing (possibly over 2,700 residential units)
Title: Re: Great Park District 1 West
Post by: Maserson on March 20, 2018, 10:45:40 PM
We were told altair will eventually zone to the future third k-8 school so I guess that will bring cadence closer to beacon school?
Title: Re: Great Park District 1 West
Post by: Jantoven on March 21, 2018, 01:38:13 PM
We were told altair will eventually zone to the future third k-8 school so I guess that will bring cadence closer to beacon school?

Where will that future third K-8 school be located?
Title: Re: Great Park District 1 West
Post by: Maserson on March 21, 2018, 02:25:43 PM
They didn't specify at the Cadence Park meet and greet. I only heard "it'll be very close to the High school." Supposed to cover District 5. There was an e-mail:

"Hi XXX,
Thanks for your patience. As I anticipated, Altair is zoned for the 3rd school and anyone from that neighborhood that STARTS at Cadence park will have to move over to the new school (#3). For those of you that reside in Altair and have already begun attending Beacon Park, we would still have you move to Cadence Park. Having a child/family move for a third time seems like a step too far, so we would likely allow families like yours the option of staying at Cadence Park rather than moving you to the 3rd school..."
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 30, 2018, 07:57:52 PM
Here's another future development coming up soon in the Great Park besides the Cadence Park.  It is located directly west of the Beacon Park, maybe they will just it Beacon Park West.

It consists of 723 residential condo units (no SFRs, only condo.  Not sure if there will be detached condo) and a private park.

Right now the developer are at beginning stage of developing this neighborhood and there's not much info available.  More info about this neighborhood should become available in the coming month. 

The city’s planning commission will be considering approval of Five Point’s plan for District 1-West (723 residential units) and private GPN parks next month:

http://www.irvinequickrecords.com/sirepub/mobilemtgviewer.aspx?meetid=5458&doctype=Agenda

If you drive on Irvine Blvd, Ridge Valley and the streets near Windchime homes at Parasol, you can see major grading and construction work in progress at District 1-West.

The plan includes the following:

Market Rate Condos which range from 654 sq ft. to 2,357 sq ft. (536 units)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6354)

See attachments below for the condo development descriptions and elevation information (Abstract, contemporary, Spanish contemporary and mid century modern).

Interesting things to note: L-Town and 11 pack will have one bedroom condo plans.

The 11 pack's one bedroom plan will be 654 sq ft!

I wonder if this 654 sq ft condo plan is the 400k condo with flex walls that Five Point CEO Emile Haddad discussed back in October 2017.

Video interview of Five Point CEO Emile Haddad on PBS’s Inside OC show from October 2017. This interview segment is a little over 7 minutes.

After 4:07 minutes, Haddad discusses plans to build a new 400k home in the OC. Haddad describes this home as 700 square feet and features 1 bedroom with flex walls to make into 3 bedrooms.

After 5:12 minutes, Haddad shares Five Points’s commercial/retail plans.

https://youtu.be/AmNXG-AWJJc (https://youtu.be/AmNXG-AWJJc)

https://m.youtube.com/watch?feature=youtu.be&v=AmNXG-AWJJc



I believe these future market rate condos could possibly sell quick like Parasol Park. Yesterday, Five Point announced Parasol Park was over 90% sold out as of March 2018 (grand opening for Parasol Park was in January 2017).

https://www.ocbj.com/news/2018/mar/05/fivepoint-home-plans-go-big-now-cheaper-next/

https://ir.fivepoint.com/news-releases/2018/03-29-2018-211548466

https://www.businesswire.com/news/home/20180329006199/en/Point-Holdings-LLC-Announces-Fourth-Quarter-2017

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6382)
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 30, 2018, 08:19:37 PM
Interesting... Five Point removed the child care center and place of worship from the initial plan and they add a water quality basin on the southern park of the project. Five Point also adds about 3.7 acres of parks (two private parks) for this entire project.

http://www.irvinequickrecords.com/sirepub/mobilemtgviewer.aspx?meetid=5434&doctype=Agenda#

http://www.talkirvine.com/index.php/topic,14690.msg326327.html#msg326327


Looks like more attached condos too. TLONL recently posted this on District 1 - West:
 
“1. William Lyon is building Mason/Cleo-esque flats south of the current Windchime development. Garages are on the first floor and walk-up flats are on the upper floors.
 
2. They are also building another development consisting of 3-story 2- to 4-bedroom duplexes. Interestingly, garages are connected side-to-side but back-to-back...”

http://thenewhomeblog.wixsite.com/the-new-home-blog/single-post/2018/02/08/William-Lyon-at-Great-Park-Neighborhood-1W

Mason and Cleo https://playavista.com/playa-vista-wins-big-2

Here are details and some attachments for the two new GPN private parks (almost 4 acres or size of private park at Parasol Park) at District 1 - West. I do not see any new GPN swimming pools  at District 1-West, so it appears these new residents will need to cross Ridge Valley Rd to go to the pools at Beacon Park, or the new Pools Park.

Interesting thing to note: the map of the future GPN Park 2 shows the future Venta Spur Trail extension which goes to Benchmark St. The future trail extension will connect Woodbury to GPN/Great Park via a pedestrian bridge over the 133 fwy.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6362)
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 30, 2018, 08:40:35 PM
Here's another future development coming up soon in the Great Park besides the Cadence Park.  It is located directly west of the Beacon Park, maybe they will just it Beacon Park West.

It consists of 723 residential condo units (no SFRs, only condo.  Not sure if there will be detached condo) and a private park.

Right now the developer are at beginning stage of developing this neighborhood and there's not much info available.  More info about this neighborhood should become available in the coming month. 


Here is the remainder of the District 1 - West residential units (for background, 536 of 723 homes will be market rate condos). The rest of the units at District 1 - West will be 187 senior affordable apartments with their own two private parks and swimming pool.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6370)
Title: Re: Great Park District 1 West
Post by: Burn That Belly on March 30, 2018, 10:48:37 PM
x
Title: Re: Great Park District 1 West
Post by: paperboyNC on March 31, 2018, 07:07:14 AM
IHS- Any idea what qualifies as "moderate" income for the senior apartments? How would a senior get on the wait list?
Title: Re: Great Park District 1 West
Post by: IHS3000 on March 31, 2018, 08:37:12 AM
IHS- Any idea what qualifies as "moderate" income for the senior apartments? How would a senior get on the wait list?

IHO, I would look at the other Great Park senior housing  at Solaira at Pavilion and Luxaira near Sterling as a reference point. Both of those senior developments are managed by the Related Co. and  require a formal screening of senior tenants like an application and Solaira mentioned an interview too. Luxaira had a lottery to determine senior tenants.  I attached the income requirements for these Great Park senior housing. Here is the application for Solaira.

http://apts247-cms-media.s3.amazonaws.com/08/080081414006439193afa451d9341edf/pdf/community/solaira20160901.pdf

https://www.luxairaliving.com/#faq_section

https://www.solairaliving.com/#faq_section

http://www.whablog.com/2016/11/16/luxaira-senior-affordable-apartments/

Irvinehomeshopper provided insightful information about affordable housing and the criteria last year too.

http://www.talkirvine.com/index.php/topic,15398.0.html

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6396)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 06, 2018, 06:39:00 PM
8 Pack at Great Park District  1 - West

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6689)

The only detached condo community in GP District 1-West!

64 units
4 Floor plans
1,657 to 2,357 sq ft.
3 or 4 bedrooms
3.5 or 2.5 bathrooms

The detached condo 8 pack will be at Irvine Blvd and Ridge Valley. Homes designed by Irvinehomeshopper. I bet these detached condos will sell quick like Carlisle.

After reviewing the development plans, it appears this 8 pack is the only detached community in District 1 - West!

How much will these detached condos go for?

Points of Interest

Abstract elevation is nice. The big window is nice.

Likely zoned for Beacon Park School (K-8)

4 bedroom in the Plan 3 (plan is almost similar to Deco Pontiac and Carlisle Residence 3)

Walk in pantry for Plan 4

Some of those 8 pack condos back up to  Irvine Blvd homes and are going to hear road noise.
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 06, 2018, 06:40:18 PM
Market Rate - 8 Pack - 64 units

The detached condo 8 pack will be at Irvine Blvd and Ridge Valley. Homes designed by Irvinehomeshopper. I bet these detached condos will sell quick like Carlisle.

After reviewing the development plans, it appears this 8 pack is the only detached community in District 1 - West!

How much will these detached condos go for?


Points of Interest

Abstract elevation is nice. The big window is nice.

Likely zoned for Beacon Park School (K-8)

4 bedroom in the Plan 3 (plan is almost similar to Deco Pontiac and Carlisle Residence 3)

Walk in pantry for Plan 4

Some of those 8 pack condos back up to  Irvine Blvd homes and are going to hear road noise.

Floor plans for the 8 pack.
Title: Re: Great Park District 1 West
Post by: Kings on April 08, 2018, 05:26:08 PM
never have I ever seen so many tri-story units than what's being built lately in Irvine.  guess you gotta do everything you can to pack as much SF into as small of a lot as you can.
Title: Re: Great Park District 1 West
Post by: eyephone on April 08, 2018, 07:16:47 PM
Tri-story is the new thing?
Title: Re: Great Park District 1 West
Post by: Jantoven on April 08, 2018, 08:46:09 PM
Tri-story is the new thing?

I guess so.  I was surprised how quickly Parasol Park sold... seems like it's ultra-high density living, which I imagine most would want to avoid, but maybe people don't mind that anymore?
Title: Re: Great Park District 1 West
Post by: USCTrojanCPA on April 09, 2018, 12:08:46 AM
Tri-story is the new thing?

I guess so.  I was surprised how quickly Parasol Park sold... seems like it's ultra-high density living, which I imagine most would want to avoid, but maybe people don't mind that anymore?

The lack of resale inventory in the sub $800k is probably one driver of those 3-level condos being sold. 
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 14, 2018, 09:27:47 AM
REAL ESTATE: MARKET RATE CONDOS WOULD START AT 654 SF
FivePoint Plots More Affordable Offerings in Irvine

http://www.ocbj.com/news/2018/apr/09/fivepoint-plots-more-affordable-offerings-irvine/

Note: you need a OCBJ subscription to read the story

Looks like the city is moving forward with the new District 1-West condo plans at the last planning meeting. The city’s planning commission has the new senior affordable apartment development up for consideration next week.

11 Pack at Great Park District 1 - West

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6483)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6491)

55 units
5 floorplans
654 to 1,548 sq ft.
1, 2, 3 bedroom plans
1 or 2 bathrooms
Attached community (flats)

I checked out the new plans and saw the 11 unit development with the one bedroom plan. The one bedroom  unit appears to be on the second and third floor. Looks like this one bedroom condo is going to happen with possibly only 10 one bedroom units going on the future market. I believe it will sell well (see attachment for the floor plan).

The 11 unit plan is attached, has 55 units, near parks and has five large buildings. The 11 unit plan was designed by the same architect who built the recent one bedroom condo plan at Azure in Rancho Mission Viejo which is selling well.

The 11 unit has one condo unit on the first floor and a lobby. There are five condo units on the second and third floor.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6489)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 14, 2018, 09:45:48 AM

I checked out the new plans and saw the 11 unit development with the one bedroom plan. The one bedroom  unit appears to be on the second and third floor. Looks like this one bedroom condo is going to happen with possibly only 10 one bedroom units going on the future market. I believe it will sell well (see attachment for the floor plan).

The 11 unit plan is attached, has 55 units, near parks and has five large buildings. The 11 unit plan was designed by the same architect who built the recent one bedroom condo plan at Azure in Rancho Mission Viejo which is selling well.

The 11 unit has one condo unit on the first floor and a lobby. I bet it will have an elevator too because the units do not appear to have direct garage access to their unit. There are five condo units on the second and third floor.


There will be five floor plans for the 11 pack development. The third floor plan is only unit on the first floor.  The floor plans are attached.

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6489)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 03:26:19 PM
Tripack Duets at Great Park District 1 - West

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6691)

48 Units
3 floorplans
1,748 to 2,239 sq ft.
3 bedrooms
3 or 3.5 bathrooms
Attached condos

Map and elevations attached

Some units are next to Ridge Valley Rd.

I bet the units near the park will go for a premium!

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6603)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 03:28:36 PM
Tripack Duets

48 Units
3 floorplans
1,748 to 2,239 sq ft.
3 bedrooms
3 or 3.5 bathrooms

Map and elevations attached.

Floor plans and other information for Tripack Duets attached.
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 03:42:22 PM
Twin Towns A and Twin Towns B at Great Park District 1 - West

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6693)

120 Units
3 floorplans
1,801 to 2,053 sq ft.
3 bedrooms
3 or 3.5 bathrooms
Attached condos

The largest unit count for the development.

Paired homes like Amethyst at Parasol Park, but some have a third floor option.

Some units are near Paramount St.

Some units are near a park too!

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6619)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 03:46:27 PM
Twin Towns A and Twin Towns B at Great Park District 1 - West

120 Units
3 floorplans
1,801 to 2,053 sq ft.
3 bedrooms
3 or 3.5 bathrooms

The largest unit count for the development.

Paired homes like Amethyst at Parasol Park.

Elevation photos attached for Twin Towns A and Twin Towns B

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6629)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 07:08:48 PM
L-Town condos at Great Park District 1-West 

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6695)

67 units
7 floorplans
1,240 to 1,970 sq ft.
1, 2 and 3 bedrooms
1.5, 2.5 or 3.5 bathrooms
Attached condo community

These condos remind me of Windchime at Parasol Park.

Location appears to be along Ridge Valley Rd, Benchmark St. and Paramount St.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6635)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 07:12:27 PM
L-Town condos at Great Park District 1-West 

67 units
7 floorplans
1,240 to 1,970 sq ft.
1, 2 and 3 bedrooms
1.5, 2.5 or 3.5 bathrooms
Attached condo community

These condos remind me of Windchime at Parasol Park.

Location appears to be along Ridge Valley Rd, Benchmark St. and Paramount St.

Floor plans for L-Town condos
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 08:30:06 PM
Tandem Duplex at Great Park District 1 - West

112 units
4 Floor plans
1,346 to 1,755 sq ft.
2 or 3 bedrooms
2.5 or 2.5 + .5 bathrooms
Attached condo community

Some units are near Irvine Blvd and units are close to the 8 pack condos (Carlisle Gen 3).

Main living areas are on the second floors. Flex rooms on the first floor of Plans 2, 3 and 4.

Plans 1, 2, 3 have a tandem garage. I am not a fan of the tandem garage. Plan 4 has a traditional garage set up.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6653)
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 08:33:39 PM
Tandem Duplex at Great Park District 1 - West

112 units
4 Floor plans
1,346 to 1,755 sq ft.
2 or 3 bedrooms
2.5 or 2.5 + .5 bathrooms
Attached condo community

Some units are near Irvine Blvd and units are close to the 8 pack condos (Carlisle Gen 3).

Plans 1, 2, 3 have a tandem garage. I am not a fan of the tandem garage. Plan 4 has a traditional garage set up.

Other elevations and floor plans attached for the Tandem Duplex condos.
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 08:52:09 PM
Here are the last condos at Great Park District 1 - West

Paired Rowtown

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6697)

Resembles Sterling at Parasol Park

70 units
4 Floorplans
1,385 to 1,802 sq ft.
2, 3 or 4 bedrooms
2.5, 3.5 or 4 bathrooms

The Paired Rowtown will be along Ridge Valley Rd. and Benchmark Rd.

An abstract elevation with a big front window (like Deco at Cadence Park) is in this development.

There will be 4 or 6 condos attached in the development.

I have no doubt that these condos will sell well.
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 27, 2018, 08:54:23 PM
Here are the last condos at Great Park District 1 - West

Paired Rowtown

Resembles Sterling at Parasol Park

4 Floorplans
1,385 to 1,802 sq ft.
2, 3 or 4 bedrooms
2.5, 3.5 or 4 bathrooms

The Paired Rowtown will be along Ridge Valley Rd. and Benchmark Rd.

An abstract elevation with a big front window (like Deco at Cadence Park) is in this development.

There will be 4 or 6 condos attached in the development.

I have no doubt that these condos will sell well.

Floorplans for Paired Rowtown are attached.
Title: Re: Great Park District 1 West
Post by: IHS3000 on April 28, 2018, 08:38:25 AM
Proposed location map of the new condos at Great Park District 1 - West. Maps of the Master Plan of District 1 and Park Map of District 1 - West are attached.

The Master Plan map of District 1 has land for “Civic” purposes on Magnet St./Ridge Valley Rd. (next to Sterling and Edison electrical substation).

Retail is on the Master Plan map for land next to the Carlisle homes and the Bosque trails (Magnet St./Carmine St./Bosque St.).


(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6723)


(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6354)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6727)
Title: Re: Great Park District 1 West
Post by: Burn That Belly on April 28, 2018, 02:22:23 PM
x
Title: Re: Great Park District 1 West
Post by: Kings on April 28, 2018, 06:29:50 PM
These look a little better, not as convalescent looking as the other GP homes.

Wonder how much the price is on the bachelor pad 654sq ft. unit.  Since it's attached, huge MRs, dual HOAs, I'm guessing can't cost more than $300K.

I’d wager closer to $400k. Is this the first 1br unit to be sold in GP? Wouldn’t surprise me if we flirt with $600/sf.
Title: Re: Great Park District 1 West
Post by: Burn That Belly on April 28, 2018, 06:46:40 PM
x
Title: Re: Great Park District 1 West
Post by: Kings on April 29, 2018, 06:14:16 AM
These look a little better, not as convalescent looking as the other GP homes.

Wonder how much the price is on the bachelor pad 654sq ft. unit.  Since it's attached, huge MRs, dual HOAs, I'm guessing can't cost more than $300K.

I’d wager closer to $400k. Is this the first 1br unit to be sold in GP? Wouldn’t surprise me if we flirt with $600/sf.

GP can’t sell anywhere near $600/sqft today. That’s porsche territory.. but for these particular units they might be able to get away with it being so small... they’ll be the limited edition Golf RS (if they made one)

Yes, just for the tiny 654 sf units.  I think if GP developers can convince millennials to live in a shoebox, $400k is a steal since there's nothing on the market close to that price point.
Title: Re: Great Park District 1 West
Post by: Happiness on April 29, 2018, 09:44:07 AM
These look a little better, not as convalescent looking as the other GP homes.
Definitely less institutional looking. Reminds me of 1980s Miami drug lord architecture. Just need to put some sicarios on the decks and balconies.
Title: Re: Great Park District 1 West
Post by: Burn That Belly on April 29, 2018, 10:12:15 AM
x
Title: Re: Great Park District 1 West
Post by: IHS3000 on May 04, 2018, 11:28:06 PM
Photos and information of the new senior apartments for Great Park - District 1 - West on Magnet St. (near Sterling and a water basin). The city recently discussed these plans this week.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6753)




The rest of the units at District 1 - West will be 187 senior affordable apartments with their own two private parks and swimming pool.

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6370)
Title: Re: Great Park District 1 West
Post by: IHS3000 on May 04, 2018, 11:31:29 PM
Elevation photos and new park plan of the new senior apartment development at GP District 1 - West.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6767)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6761)

Photos and information of the new senior apartments for Great Park - District 1 - West on Magnet St. (near Sterling and a water basin). The city recently discussed these plans this week.




The rest of the units at District 1 - West will be 187 senior affordable apartments with their own two private parks and swimming pool.

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6370)
Title: Re: Great Park District 1 West
Post by: IHS3000 on May 04, 2018, 11:37:28 PM
It appears the remaining entitled affordable housing units (likely a little over 300 units) at Great Park will go to the future District 5 and 6.

The future child care centers at Great Park appear to have moved near Cadence Park and the future District 5 and 6 too.

See maps.

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6769)

(http://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6773)

Elevation photos and new park plan of the new senior apartment development at GP District 1 - West.


Photos and information of the new senior apartments for Great Park - District 1 - West on Magnet St. (near Sterling and a water basin). The city recently discussed these plans this week.




The rest of the units at District 1 - West will be 187 senior affordable apartments with their own two private parks and swimming pool.

Title: Re: Great Park District 1 West
Post by: firsttimehomebuyer on May 07, 2018, 10:58:27 AM
do you know when is the childcare facility planning to open ?
Title: Re: Great Park District 1 West
Post by: capboba on May 10, 2018, 10:02:48 PM
do you know when is the childcare facility planning to open ?

just based on this it'll be years down the line. if its decided that it'll be at cadence, then it'll be sooner rather than later. but even then we're looking at 2019/2020.
Title: Re: Great Park District 1 West
Post by: capboba on May 10, 2018, 10:04:38 PM
btw thanks so much IHS3000 for posting all of these. Very informative.

Been debating on staying in PP as we need to upsize and this helps a lot in the decision process. It'll definitely get busy in GPN.

I hope they can squeeze in more retail space.
Title: Re: Great Park District 1 West
Post by: IHS3000 on May 20, 2018, 08:08:21 AM
https://ir.fivepoint.com/news-releases/2018/05-14-2018-211533147

https://www.cnbc.com/amp/2018/05/14/business-wire-five-point-holdings-llc-announces-first-quarter-2018-results.html

Recent movement at District 1-West:

“In May, the Great Park Venture completed the sale of 33 acres for $166 million, or $5 million per acre, in the Great Park Neighborhoods” and “with approval to build 536 homes in the Great Park Neighborhoods.”

I am wondering who the builders will be for this new development. There is a lot of activity on this site including installation of new roads too.


Title: Re: Great Park District 1 West
Post by: IHS3000 on June 18, 2018, 09:03:04 PM
REAL ESTATE: $166M LAND BUY FOR HOMES STARTING AT $350K

Lyon Lead for Next Great Park Homes Leg
By Mark Mueller
Monday, June 18, 2018

“William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes...”

https://www.ocbj.com/news/2018/jun/18/lyon-lead-next-great-park-homes-leg/

Note: one needs a subscription to read the whole article.

IMHO, the 350K product in Great Park - District 1 West is the one bedroom condo.
Title: Re: Great Park District 1 West
Post by: Kings on June 19, 2018, 07:44:39 AM
REAL ESTATE: $166M LAND BUY FOR HOMES STARTING AT $350K

Lyon Lead for Next Great Park Homes Leg
By Mark Mueller
Monday, June 18, 2018

“William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes...”

https://www.ocbj.com/news/2018/jun/18/lyon-lead-next-great-park-homes-leg/

Note: one needs a subscription to read the whole article.

IMHO, the 350K product in Great Park - District 1 West is the one bedroom condo.

These look a little better, not as convalescent looking as the other GP homes.

Wonder how much the price is on the bachelor pad 654sq ft. unit.  Since it's attached, huge MRs, dual HOAs, I'm guessing can't cost more than $300K.

I’d wager closer to $400k. Is this the first 1br unit to be sold in GP? Wouldn’t surprise me if we flirt with $600/sf.

GP can’t sell anywhere near $600/sqft today. That’s porsche territory.. but for these particular units they might be able to get away with it being so small... they’ll be the limited edition Golf RS (if they made one)

Yes, just for the tiny 654 sf units.  I think if GP developers can convince millennials to live in a shoebox, $400k is a steal since there's nothing on the market close to that price point.

i guess they saw our posts and split the difference btb?  :)
Title: Re: Great Park District 1 West
Post by: Burn That Belly on June 19, 2018, 10:55:07 AM
x
Title: Re: Great Park District 1 West
Post by: Compressed-Village on June 19, 2018, 11:17:34 AM
REAL ESTATE: $166M LAND BUY FOR HOMES STARTING AT $350K

Lyon Lead for Next Great Park Homes Leg
By Mark Mueller
Monday, June 18, 2018

“William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes...”

https://www.ocbj.com/news/2018/jun/18/lyon-lead-next-great-park-homes-leg/

Note: one needs a subscription to read the whole article.

IMHO, the 350K product in Great Park - District 1 West is the one bedroom condo.

Here is a problem solver, right there. Of course you will have some noise from NIMBY people complaints about more cars more people, yah di yadi.
Title: Re: Great Park District 1 West
Post by: Compressed-Village on June 19, 2018, 04:03:46 PM
The Mello-Roos the way it works in GP is that it calculate the total sqft of land + improvements (total sqft of living space) then multiply by X factors to comes up with the Mello-Roos cost. If you have a shared ownership of land, which is what this is, and your smaller improvements cost will NOT be at 8000K in Mello Roos. It will be substantially lower than that, the number is not exact, yet, since this is the very beginning. But your HOA will be Master + Sub which is similar to what other attached is valued at.

FivePoints principle is this, they prefer building owner occupy developments, since their core belief is that ownership has a bigger stake in the community and pride themselves and protect the homes values better. This is the reason why you will not see any apartment type housing in GP vs TIC. TIC loves their rental units as it becomes one of the lucrative cash cow division for Irvine Co. You will see lots of TIC apartment build right along side the multi millions development. Two different principle at works.
Title: Re: Great Park District 1 West
Post by: paperboyNC on June 19, 2018, 09:47:49 PM
i guess they saw our posts and split the difference btb?  :)

Yep. $350K is nicely affordable starter bachelor pad but it will come with $8000+ in MR and $400 in HOA. They'll conveniently leave this out of their brochures until you asked them. I'm assuming these 536-units gonna be attached.

Mello-roos will not exceed $2,500/yr.
Title: Re: Great Park District 1 West
Post by: IHS3000 on July 19, 2018, 09:14:36 PM
REAL ESTATE: $166M LAND BUY FOR HOMES STARTING AT $350K

Lyon Lead for Next Great Park Homes Leg
By Mark Mueller
Monday, June 18, 2018

“William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes...”

https://www.ocbj.com/news/2018/jun/18/lyon-lead-next-great-park-homes-leg/

Note: one needs a subscription to read the whole article.

IMHO, the 350K product in Great Park - District 1 West is the one bedroom condo.

It appears the new GPN development at District 1 - West will be named Novel Park. Novel Park will be the fifth neighborhood at the Great Park.

If you drive on Ridge Valley Rd, William Lyon has their construction signs up. Massive construction work is ongoing and the streets are paved. Photos are attached.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6927)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6723)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6923)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6925)
Title: Re: Great Park District 1 West
Post by: USCTrojanCPA on July 20, 2018, 06:15:19 PM
Why no 12-pack?  I see they are only doing an 11-pack...WTH.  haha
Title: Re: Great Park District 1 West
Post by: Kings on July 21, 2018, 07:17:37 AM
novel park...who comes up with these names?  is it supposed to be novel like "a novel idea" or novel like a book?  book park?
Title: Re: Great Park District 1 West
Post by: Happiness on July 21, 2018, 10:50:44 AM
novel park...who comes up with these names?  is it supposed to be novel like "a novel idea" or novel like a book?  book park?

I thought GP names were designed to appeal to mainland Chinese buyers:
Pavillion and Parasol - blocking the sun, East Asians hate the sun.
Beacon and Cadence - bicycle related, mainland Chinese are very nostalgic about bicycles.

I can't figure out what "novel" is about. Maybe it will make sense when the next GP hood arrives.


Title: Re: Great Park District 1 West
Post by: eyephone on July 21, 2018, 11:35:14 AM
Ask the management and marketing team.

Title: Re: Great Park District 1 West
Post by: Compressed-Village on July 21, 2018, 11:45:28 AM
Ask the management and marketing team.

No body cares about names. All they want to know is am I able to buy and will it keeps the values.
Title: Re: Great Park District 1 West
Post by: eyephone on July 21, 2018, 12:30:26 PM
Ask the management and marketing team.

No body cares about names. All they want to know is am I able to buy and will it keeps the values.

It’s all about branding.  ;)
Title: Re: Great Park District 1 West
Post by: lnc on July 21, 2018, 01:03:13 PM
Novel Park is the name of a big Chinese developer in China.

http://www.novel-park.com/
Title: Re: Great Park District 1 West
Post by: Compressed-Village on July 21, 2018, 03:00:24 PM
Novel Park is the name of a big Chinese developer in China.

http://www.novel-park.com/

Must be a coincidence. WL does not have any interest with this Chinese’s developer.
Title: Re: Great Park District 1 West
Post by: Mety on July 23, 2018, 05:03:52 PM
Would you buy a home in NP which has 5 pools and tennis courts or GP the brand community?

Title: Re: Great Park District 1 West
Post by: paperboyNC on July 24, 2018, 09:11:03 AM
Would you buy a home in NP which has 5 pools and tennis courts or GP the brand community?

I heard from my carrier pigeon that GP now has 6 pools. Tough, tough decision.. WWTD? (What would Trump Do?)
Title: Re: Great Park District 1 West
Post by: test on July 24, 2018, 03:14:11 PM
Yep. $350K is nicely affordable starter bachelor pad but it will come with $8000+ in MR and $400 in HOA. They'll conveniently leave this out of their brochures until you asked them. I'm assuming these 536-units gonna be attached.

Nope.  The welfare leeches units will pay little to no mr.  It will all be subsidized by the market rate units.  VoC has all low income as owner units and you can see how little they pay.  It screws everyone else so much the city stopped allowing low income ownership units and went back to apartments only.
Title: Re: Great Park District 1 West
Post by: test on July 24, 2018, 03:16:54 PM
Another thing is sites like zillow cant tell the difference between low income and market units.  So when your neighbor sells for half the price it drags your homes value way down.
Title: Re: Great Park District 1 West
Post by: Burn That Belly on July 24, 2018, 05:25:26 PM
x
Title: Re: Great Park District 1 West
Post by: lnc on July 25, 2018, 07:43:00 AM
VoC = Village of Columbus 

Title: Re: Great Park District 1 West
Post by: IHS3000 on July 29, 2018, 08:57:29 PM
Coming in Early 2019 at Novel Park!

Revo at Novel Park

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6938)

http://sdkatelier.com/projects/revo-at-novel-park/

Reminds of Parasol Park’s Amethyst, but with a third floor.

Rooftop Living Coming Soon to Great Park

“Revo at Novel Park in Irvine, California is a new and exciting line up of contemporary paired homes designed for William Lyon Homes that feature three floor plans in 6 unique elevation styles. These two and three-story homes incorporate clean modern designs with dramatic detailing inside and out. Square footage ranges from 1,814 to 2,143 with third floor bonus room and covered rooftop deck  amenities that increase square footage up to 2,591. Open floor plans and vertical outdoor living spaces elevate these homes and incite feelings of luxury city living in a creative family connected community. These designs are to be the stand out feature of the Novel Park neighborhood, coming early 2019!”

Project Facts

Project: Revo at Novel Park
Location:  Irvine, CA
Client: William Lyon Homes
Number of Floor Plans:  Three
Unit Plan Size: 1,814 – 2,143  Sq. Ft.
Density:  15 DU/AC
Services: Architecture + Colors & Materials

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6934)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6936)

Twin Towns A and Twin Towns B at Great Park District 1 - West

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6693)

120 Units
3 floorplans
1,801 to 2,053 sq ft.
3 bedrooms
3 or 3.5 bathrooms
Attached condos

The largest unit count for the development.

Paired homes like Amethyst at Parasol Park, but some have a third floor option.

Some units are near Paramount St.

Some units are near a park too!

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6619)
Title: Re: Great Park District 1 West
Post by: IHS3000 on August 08, 2018, 08:58:59 PM
The new Novel Park sign is on Irvine Blvd and Ridge Valley. William Lyon Homes is building all seven communities at Novel Park! Wow, no Lennar developments at Novel Park.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6949)

The city also uploaded the lots, street names and addresses of Novel Park too:

http://gis.cityofirvine.org/onlineparcel/


(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6951)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6953)



REAL ESTATE: $166M LAND BUY FOR HOMES STARTING AT $350K

Lyon Lead for Next Great Park Homes Leg
By Mark Mueller
Monday, June 18, 2018

“William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes...”

https://www.ocbj.com/news/2018/jun/18/lyon-lead-next-great-park-homes-leg/

Note: one needs a subscription to read the whole article.

IMHO, the 350K product in Great Park - District 1 West is the one bedroom condo.

It appears the new GPN development at District 1 - West will be named Novel Park. Novel Park will be the fifth neighborhood at the Great Park.

If you drive on Ridge Valley Rd, William Lyon has their construction signs up. Massive construction work is ongoing and the streets are paved. Photos are attached.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6723)

Title: Re: Great Park District 1 West
Post by: Kings on August 09, 2018, 06:19:13 AM
missed opportunity to call it lyon park
Title: Re: Great Park District 1 West - Novel Park
Post by: thecolt on August 09, 2018, 08:27:19 AM
Looks like a page is up on the GP website.
https://greatparkneighborhoods.com/neighborhoods/novel-park
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on August 25, 2018, 12:04:19 AM
Novel Park community names are on the CA Dept. of Real Estate site.

http://www.dre.ca.gov/files/excel/subdivider_list_07_18.xls

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7004)


Trend - Tri Pack Duets - 48 units

Revo - Twin Towns A - 58 units

Revo - Twin Towns B - 62 units

Verge - L-Town - 67 units

Fringe - Tandem Duplex - 112 units

Echo - 8 Pack - 64 units (Resembles Carlisle/Deco at Parasol Park and Cadence Park)

Nova - 11 Pack - 55 units

Modo - Paired Rowtown - 70 units (Resembles Sterling at Parasol Park)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6725)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=6354)
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on September 19, 2018, 09:36:35 AM
William Lyon Homes updated their website with Novel Park information which includes: starting prices, floor plans, elevation photos and an interest list.


http://lyonhomes.com/southern-california/masterplans/novel-park

Prices start from the low $400k to high $800k


1. Nova at Novel Park
Approx. 654-1,555 Sq. Ft.
1-3 Bedrooms
1-2 Bathrooms
From the Low $400,000's

http://lyonhomes.com/southern-california/nova-at-novel-park-

https://www.talkirvine.com/index.php/topic,16146.msg330020.html#msg330020


2. Verge at Novel Park
Aprox. 1,287-1,950 Sq. Ft.
1-3 Bedrooms
1.5-3 Bathrooms
From the Mid $500,000's

http://lyonhomes.com/southern-california/verge-at-novel-park

https://www.talkirvine.com/index.php/topic,16146.msg330962.html#msg330962



3. Modo at Novel Park
Approx. 1,493-2,329 Sq. Ft.
2-4 Bedrooms
2.5-4 Bathrooms
From the Mid $600,000's

http://lyonhomes.com/southern-california/modo-at-novel-park-

https://www.talkirvine.com/index.php/topic,16146.msg330969.html#msg330969


4. Fringe at Novel Park
Approx. 1,267-1,724 Sq. Ft.
2-3 Bedrooms
2.5-3.5 Bathrooms
From the High $600,000's

http://lyonhomes.com/southern-california/fringe-at-novel-park

https://www.talkirvine.com/index.php/topic,16146.msg330967.html#msg330967


5. Revo at Novel Park
Approx. 1,814-2,591 Sq. Ft.
3-4 Bedrooms
2.5-3.5 Bathrooms
From the High $700,000's

http://lyonhomes.com/southern-california/revo-at-novel-park

http://sdkatelier.com/projects/revo-at-novel-park/

https://www.talkirvine.com/index.php/topic,16146.msg330943.html#msg330943


6. Trend in Novel Park
Approx. 1,743-2,859 Sq. Ft.
3-4 Bedrooms
3.5 Bathrooms
From the Low $800,000's

http://lyonhomes.com/southern-california/trend-in-novel-park-

https://www.talkirvine.com/index.php/topic,16146.msg330940.html?PHPSESSID=4826ff17f247df8a8b48f2a082b93266#msg330940



7. Echo at Novel Park
Approx. 1,708 -2,444 Sq. Ft.
3-4 Bedrooms
2.5-3.5 Bathrooms
From the High $800,000s

http://lyonhomes.com/southern-california/echo-at-novel-park-

https://www.talkirvine.com/index.php/topic,16146.msg329546.html#msg329546


(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7056)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7048)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7050)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7052)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7054)

(https://www.talkirvine.com/index.php?PHPSESSID=1a0456ed68d9ccc5244650943f22bd92&action=dlattach;topic=16146.0;attach=6723)


(https://www.talkirvine.com/index.php?PHPSESSID=1a0456ed68d9ccc5244650943f22bd92&action=dlattach;topic=16146.0;attach=6727)


(https://www.talkirvine.com/index.php?PHPSESSID=1a0456ed68d9ccc5244650943f22bd92&action=dlattach;topic=16146.0;attach=6729)


(https://www.talkirvine.com/index.php?PHPSESSID=1a0456ed68d9ccc5244650943f22bd92&action=dlattach;topic=16146.0;attach=6729)
Title: Re: Great Park District 1 West - Novel Park
Post by: Cares on September 19, 2018, 10:57:51 AM
Got to love that 650 sqft condo start at "low 400s" which probably means closer to $500k for everyone but Phase 1. $750+/sqft prices.
Title: Re: Great Park District 1 West - Novel Park
Post by: newPParker on September 24, 2018, 12:29:28 PM
Still no word on 'retail' plans?
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on October 09, 2018, 09:52:51 AM
Still no word on 'retail' plans?

A couple of weeks ago, the OC Business Journal, published a interview of Emile Haddad, CEO of Fivepoint. The journal asked Haddad about homes on top of businesses (Base Camp or The Village - European style).  Haddad stated they are still in talks with the city and he hoped to start (construction) in 2020.

http://www.ocbj.com/news/2018/sep/24/what-will-irvine-look-20-years/

Note: a paid subscription is required to read the entire OCBJ article.

It’s a interesting article in which Haddad discusses the future including a new downtown near the Great Park/Irvine Metrolink station and a concept home with no garage which is priced low.

Here is a video which shows the The Village/Base Camp and the new downtown near Great Park:


Not a valid vimeo URL
https://fivepoint.com/elements/commercial.html

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7087)

(https://www.talkirvine.com/index.php?action=dlattach;topic=15184.0;attach=5794)

A few months ago, Five Point submitted a proposal to the city to amend their plans for  District 1 - South (Base Camp). The new proposed plan includes the following:
commercial development (262,000 sq ft), office (58,000 sq ft), research and development (123,000 sq ft), a hotel with 152 rooms and and 588 housing units!

More info:

http://www.cityofirvine.org/cmis/views/942bd7a0-aa6d-429e-89a5-cce7e8265440%253B1.0

https://bdmag.com/fivepoint-dominates-coastal-california/

https://urbanland.uli.org/industry-sectors/residential/orange-county-master-planned-communities-reign/

For perspective, Cypress Village Shopping Center is about 177,000 sq ft.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7089)
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on October 09, 2018, 04:46:52 PM


It’s a interesting article in which Haddad discusses the future including a new downtown near the Great Park/Irvine Metrolink station and a concept home with no garage which is priced low.



A concept home with no garage? I'm not sure if IHO will like that.
Homes used to have 3CWG with driveways and came down to 2CG, then tandem and now no garage. Where is our future headed to?

Title: Re: Great Park District 1 West - Novel Park
Post by: iacrenter on October 09, 2018, 04:57:36 PM


It’s a interesting article in which Haddad discusses the future including a new downtown near the Great Park/Irvine Metrolink station and a concept home with no garage which is priced low.



A concept home with no garage? I'm not sure if IHO will like that.
Homes used to have 3CWG with driveways and came down to 2CG, then tandem and now no garage. Where is our future headed to?



Welcome to the 2030 Irvine New Home Collection!

(https://media.juiceonline.com/wp-content/uploads/2017/01/04151930/13301465_701494239953279_4659755421473833578_o.jpg)
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on October 09, 2018, 05:06:36 PM


It’s a interesting article in which Haddad discusses the future including a new downtown near the Great Park/Irvine Metrolink station and a concept home with no garage which is priced low.



A concept home with no garage? I'm not sure if IHO will like that.
Homes used to have 3CWG with driveways and came down to 2CG, then tandem and now no garage. Where is our future headed to?



Welcome to the 2030 Irvine New Home Collection!

(https://media.juiceonline.com/wp-content/uploads/2017/01/04151930/13301465_701494239953279_4659755421473833578_o.jpg)

My goodness. How much will these cost? $400k with $5000 MR a year? Oh and don't forget $450 monthly HOA fees. Gotta collect those to keep it all clean and safe. Now that makes Delano living above garage look not so bad, doesn't it?

On the positive side, at least people will mingle a little more like that picture shows. More friendship better a community. Now put that tagline.
Title: Re: Great Park District 1 West - Novel Park
Post by: Cares on October 10, 2018, 12:33:57 PM


It’s a interesting article in which Haddad discusses the future including a new downtown near the Great Park/Irvine Metrolink station and a concept home with no garage which is priced low.



A concept home with no garage? I'm not sure if IHO will like that.
Homes used to have 3CWG with driveways and came down to 2CG, then tandem and now no garage. Where is our future headed to?



Welcome to the 2030 Irvine New Home Collection!

(https://media.juiceonline.com/wp-content/uploads/2017/01/04151930/13301465_701494239953279_4659755421473833578_o.jpg)

My goodness. How much will these cost? $400k with $5000 MR a year? Oh and don't forget $450 monthly HOA fees. Gotta collect those to keep it all clean and safe. Now that makes Delano living above garage look not so bad, doesn't it?

On the positive side, at least people will mingle a little more like that picture shows. More friendship better a community. Now put that tagline.

You joke but it costs between $600-700 to rent one of these things.

https://www.bbc.com/news/world-asia-china-37759409
Title: Re: Great Park District 1 West - Novel Park
Post by: irvinehomeowner on October 10, 2018, 12:46:46 PM
I saw those on Better Late Than Never (reality show with Shatner, Winkler, Bradshaw and Foreman).

2030 is too far away, we may see those in 2020.
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on October 10, 2018, 12:59:31 PM


It’s a interesting article in which Haddad discusses the future including a new downtown near the Great Park/Irvine Metrolink station and a concept home with no garage which is priced low.



A concept home with no garage? I'm not sure if IHO will like that.
Homes used to have 3CWG with driveways and came down to 2CG, then tandem and now no garage. Where is our future headed to?



Welcome to the 2030 Irvine New Home Collection!

(https://media.juiceonline.com/wp-content/uploads/2017/01/04151930/13301465_701494239953279_4659755421473833578_o.jpg)

My goodness. How much will these cost? $400k with $5000 MR a year? Oh and don't forget $450 monthly HOA fees. Gotta collect those to keep it all clean and safe. Now that makes Delano living above garage look not so bad, doesn't it?

On the positive side, at least people will mingle a little more like that picture shows. More friendship better a community. Now put that tagline.

You joke but it costs between $600-700 to rent one of these things.

https://www.bbc.com/news/world-asia-china-37759409

Who said I was joking? Those things have been already existing from a while ago in Japan and Hong Kong for Dads making money in the city to raise their family staying in countrysides. Also getting popular for youngsters who have not much other choices but to stay there for a certain period of time.

Wanna hear more? There are similar things in East Coast in this very country of the United States. They may not look like that modern cube box thingy, but living in a small ghetto apartment sharing one bathroom from multiple units is the same concept already existing. Who says it will not happen in Irvine?

#MakeIrvineGreatAgain

Title: Re: Great Park District 1 West - Novel Park
Post by: iacrenter on October 10, 2018, 01:14:04 PM
It was just a few years ago we were joking on TI about California Garages and California Courts. It won't be long before TIC will roll out the California Capsule.**

(**Parking NOT included)

https://www.talkirvine.com/index.php?topic=3340.15
https://www.talkirvine.com/index.php?topic=3636.60
https://www.talkirvine.com/index.php?topic=3278.0
Title: Re: Great Park District 1 West - Novel Park
Post by: Suzcus on October 14, 2018, 10:45:59 AM
Does anyone know if the 3 story Nova at Novel Park buildings will have an elevator.? Seniors need flats but not with 1 or 2 flights of stairs to lug groceries up. These buildings have 11 units in each but only one flat on the first floor. The rest of first floor is garages.
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on December 31, 2018, 12:47:20 AM

Does anyone know if the 3 story Nova at Novel Park buildings will have an elevator.? Seniors need flats but not with 1 or 2 flights of stairs to lug groceries up. These buildings have 11 units in each but only one flat on the first floor. The rest of first floor is garages.

The framing is going up on Novel Park and recent official ads mention the community is coming this January 2019. I looked at the Nova plans on the city website and saw no elevators.

The upcoming Great Park District 5 community has a stacked flat plan similar to Nova with an elevator.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7173)
Title: Re: Great Park District 1 West - Novel Park
Post by: Suzcus on January 01, 2019, 05:19:35 PM
Thank you for the info. I suspected no elevators. It looks like we would have to get a residence 3 at Nova. It is the only one on the first floor and they are only building 5 of them out of 55 units. Not good odds. Another month and we should be able to see what they cost. We might wait for the next neighborhood.
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on January 12, 2019, 10:11:51 AM
Novel Park has dusty boot model tours (invitation only by pre-qualification) scheduled for February 26! The invite tour is for the Nova and Echo communities.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7184)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7186)
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on January 17, 2019, 09:04:14 PM
William Lyon recently posted a video with a bird’s eye view of Novel Park.

Not a valid vimeo URL
(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7199)
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on March 14, 2019, 09:17:50 AM
(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7323)

OCBJ recently reported sales at Novel Park will start this April or May.

From William Lyon CEO regarding Novel Park:

https://seekingalpha.com/amp/article/4241687-william-lyon-homes-wlh-ceo-matt-zaist-q4-2018-results-earnings-call-transcript

“We are particularly excited about the upcoming opening of our Novel Park master-planned community in Orange County, as discussed on last quarter’s call, and where we currently have an interest list exceeding 4,500 prospective buyers, with an anticipated sales opening early in the second quarter.”

“We remain focused and excited about the fact that we’ve got 20 of our 27 floor plans that we’re offering are the lowest price new homes in Irvine and Central Orange County.”
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on March 28, 2019, 08:36:12 PM
Opening of the Lyon Homes’ Welcome Center at Novel Park is on Saturday, April 13 from 10:00 am to 2:00 pm.

https://www.instagram.com/p/Bvjv2ubjTXJ/

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7332)
Title: Re: Great Park District 1 West - Novel Park
Post by: Cares on March 30, 2019, 06:46:13 PM
At the preview event today and got some info and prices on Novel Park in general and specifics on Fringe, Echo, Nova, Modo, and Verge.

Nova sold 8 of their 11 in Phase 1. The most expensive 3 had no action. Echo had no sales. Probably because there's plenty of inventory of new construction in the 900k-1M range. Modo, Fringe, and Verge all sold a couple.

https://imgur.com/a/wCFEERV
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on April 01, 2019, 10:41:29 AM
At the preview event today and got some info and prices on Novel Park in general and specifics on Fringe, Echo, Nova, Modo, and Verge.

Nova sold 8 of their 11 in Phase 1. The most expensive 3 had no action. Echo had no sales. Probably because there's plenty of inventory of new construction in the 900k-1M range. Modo, Fringe, and Verge all sold a couple.

https://imgur.com/a/wCFEERV

Thanks for posting informative stuff.

The first striking thing is $450+ HOAs and of course our favorite MR. MR tax of $3,412 to $7,247 range is not as bad as other GP homes, but definitely not low as EW, recent PS, or BR with no MR.

To put that in realistic numbers, if you bought the lowest priced home, Nova ($409,990 - 1 bed) with all cash, you still have to pay about $1,100 per month just to keep the property. If you bought with the regular 20% downpayment, you would have to pay about $2,500 a month at 3.5% interest rates. It's actually not bad since it's still in Irvine with enjoying all the GP amenities, but $2,500 for a 1 bed home could be a little high for some folks. This particular Nova home seems to be already sold BTW. We'll see if the price will go up each phase or stay the same.

Another interesting thing is that it does not mention 2% annual increase of MR so I assume it will not go up?



Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on April 04, 2019, 03:14:58 PM
On April 13, Novel Park will preview the floorplans before the models open.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7344)
Title: Re: Great Park District 1 West - Novel Park
Post by: Rizdak on April 06, 2019, 02:00:32 PM
At the preview event today and got some info and prices on Novel Park in general and specifics on Fringe, Echo, Nova, Modo, and Verge.

Nova sold 8 of their 11 in Phase 1. The most expensive 3 had no action. Echo had no sales. Probably because there's plenty of inventory of new construction in the 900k-1M range. Modo, Fringe, and Verge all sold a couple.

https://imgur.com/a/wCFEERV

Thanks for posting informative stuff.

The first striking thing is $450+ HOAs and of course our favorite MR. MR tax of $3,412 to $7,247 range is not as bad as other GP homes, but definitely not low as EW, recent PS, or BR with no MR.

Seriously, $450 HOA for a 3-story condo under the freeway. I assume IHS3000 works for 5P.
Title: Re: Great Park District 1 West - Novel Park
Post by: Prototype on April 06, 2019, 10:48:55 PM

Seriously, $450 HOA for a 3-story condo under the freeway. I assume IHS3000 works for 5P.

 :-\ Please explain how this would be considered "under the freeway"?

Thanks for keeping us in the loop on what's going in IHS3000!! Appreciate all the info you provide!
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on April 09, 2019, 02:10:58 PM

Seriously, $450 HOA for a 3-story condo under the freeway. I assume IHS3000 works for 5P.

 :-\ Please explain how this would be considered "under the freeway"?

Thanks for keeping us in the loop on what's going in IHS3000!! Appreciate all the info you provide!

It is by the 133 fwy. It is not under, maybe above?
I think Rizdak meant to say near the Toll Road.

I will go check out these once the model homes are open, but I was hoping for less HOAs. At least a little less MR. Anyone knows if these have 2% annual increasing MR like the rest of GP?
Title: Re: Great Park District 1 West - Novel Park
Post by: aquabliss on April 10, 2019, 11:12:34 AM
2% a year increase isn't the end of the world.  Sure, nobody likes paying more over time but say you buy a house here and your MR is $5K annually. 
Year 1: $5K
Year 2: $5,100
Year 3: $5,202
Year 4: $5,306
Year 5: $5,412

So, after 5 years you're paying $34 more per month than you did when you bought the house.  OK, not preferred but if this is really going to be a problem for you then you shouldn't be buying a home here in the first place.
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on April 10, 2019, 11:47:06 AM
2% a year increase isn't the end of the world.  Sure, nobody likes paying more over time but say you buy a house here and your MR is $5K annually. 
Year 1: $5K
Year 2: $5,100
Year 3: $5,202
Year 4: $5,306
Year 5: $5,412

So, after 5 years you're paying $34 more per month than you did when you bought the house.  OK, not preferred but if this is really going to be a problem for you then you shouldn't be buying a home here in the first place.

I was only curious if they had 2% increase like other GP homes. I guess I will have to go check out myself.

Title: Re: Great Park District 1 West - Novel Park
Post by: WTTCHMN on April 10, 2019, 12:04:26 PM
2% a year increase isn't the end of the world.  Sure, nobody likes paying more over time but say you buy a house here and your MR is $5K annually. 
Year 1: $5K
Year 2: $5,100
Year 3: $5,202
Year 4: $5,306
Year 5: $5,412

So, after 5 years you're paying $34 more per month than you did when you bought the house.  OK, not preferred but if this is really going to be a problem for you then you shouldn't be buying a home here in the first place.

The problem is that the 2% keeps compounding, so while 2% doesn't sound like a lot, over the years it really adds up.

In your example, by year 10 the MR will be $6,000, a 20% increase from baseline.
Title: Re: Great Park District 1 West - Novel Park
Post by: B2FiNiTY on April 10, 2019, 12:05:47 PM
The 2% is pretty bad...
Title: Re: Great Park District 1 West - Novel Park
Post by: bones on April 10, 2019, 12:23:46 PM
I had to cancel amazon prime to cover the 2%.
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on April 10, 2019, 12:53:44 PM
I had to cancel amazon prime to cover the 2%.

That's sad. What's next? Your gym membership?
Title: Re: Great Park District 1 West - Novel Park
Post by: aquabliss on April 12, 2019, 06:11:28 PM
Just calculated my MR will hit $10k in 2040, probably something to think about.  At that time will anyone want to pay $10k MR on a nearly 30yr old house.  Could affect property values down the road. 
Title: Re: Great Park District 1 West - Novel Park
Post by: Compressed-Village on April 13, 2019, 06:08:32 PM
Just calculated my MR will hit $10k in 2040, probably something to think about.  At that time will anyone want to pay $10k MR on a nearly 30yr old house.  Could affect property values down the road.

Yes, it will sell because everything around you will rise accordingly, concurrent to your increase . As a matter of facts the cost newer homes for property tax is at 1.8 % - 2.0%. Remember in the early year 2000 when I bought my first house, I thought 3K tax was outrageous. Well, fast forward 20 years later, it increased to 7K and I still own this house and thinking I would never sell it because of the low, low tax base.

Our perception of money change over time as the dollars decrease in values. The house and taxes is more expensive because our dollars lost its purchase of power over time.

This is the one way our uncle Sam's can stay abreast of the massive debts it has been taking on, more so than ever under the TRUMP plans to enrich the rich. Our society will have a massive unbalance of the haves and have not in the making.
Title: Re: Great Park District 1 West - Novel Park
Post by: bones on April 16, 2019, 01:11:11 PM
I had to cancel amazon prime to cover the 2%.

That's sad. What's next? Your gym membership?


Oh already cancelled that to cover last years.  Who needs to pay for the gym when you got all this?

https://www.gpngreatlife.com/fitness
Title: Re: Great Park District 1 West - Novel Park
Post by: Mety on April 16, 2019, 01:34:01 PM
I had to cancel amazon prime to cover the 2%.

That's sad. What's next? Your gym membership?


Oh already cancelled that to cover last years.  Who needs to pay for the gym when you got all this?

https://www.gpngreatlife.com/fitness

What a great program! Makes me wanna live in GP.
Title: Re: Great Park District 1 West - Novel Park
Post by: gpquest on April 18, 2019, 03:55:47 PM
Any builder rebates if I buy a new home through a broker/realtor? Thanks guys/gals!
Title: Re: Great Park District 1 West - Novel Park
Post by: B2FiNiTY on April 18, 2019, 11:09:18 PM
Yes, please contact Martin Mania aka USCTrojanCPA on here.
Title: Re: Great Park District 1 West - Novel Park
Post by: davidchase on April 19, 2019, 03:22:50 PM
Spoke to a sale's rep, there's going to be a 7 day a week coffee shop opened in Novel Park on Beacon Park boulevard on the other side of the Ridge Valley round about.
Title: Re: Great Park District 1 West - Novel Park
Post by: gpquest on April 22, 2019, 01:56:46 PM
I like Novel Park for its close proximity to the Woodbury Town Center.
Title: Re: Great Park District 1 West - Novel Park
Post by: USCTrojanCPA on April 22, 2019, 03:31:34 PM
I like Novel Park for its close proximity to the Woodbury Town Center.

It's definitely walkable to Woodbury Town Center but don't buy anything right next to Irvine Blvd as that is a very busy street.
Title: Re: Great Park District 1 West - Novel Park
Post by: aquabliss on April 22, 2019, 04:57:31 PM
Oh man, I would never take my family walking over the 133 on Irvine Blvd.  I see people do it and think they're a bit crazy. Feels like you're going for a stroll on the freeway with a sidewalk.
Title: Re: Great Park District 1 West - Novel Park
Post by: USCTrojanCPA on April 22, 2019, 05:00:06 PM
Oh man, I would never take my family walking over the 133 on Irvine Blvd.  I see people do it and think they're a bit crazy. Feels like you're going for a stroll on the freeway with a sidewalk.

It's not the same as taking a walk from Cypress Village to the Dennys south of the 5 on Sand Canyon, now that would be crazy.  haha  The 133 on/off ramps at Irvine Blvd just don't see the same kind of traffic that the 5 or 405 see because it's a toll road.
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on April 22, 2019, 06:23:50 PM
The city recently posted the pedestrian bridge (Novel Park to Woodbury East) as a capital improvement project on their new proposed budget.

A new pedestrian bridge would definitely make it easier to walk to the Woodbury Center from Novel Park.

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7368)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7358)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7366)
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on April 22, 2019, 06:29:07 PM
Novel Park amenity information:

https://greatparkneighborhoods.com/neighborhoods/novel-park

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7364)

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7360)


(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7362)

Spoke to a sale's rep, there's going to be a 7 day a week coffee shop opened in Novel Park on Beacon Park boulevard on the other side of the Ridge Valley round about.
Title: Re: Great Park District 1 West - Novel Park
Post by: aquabliss on April 22, 2019, 07:57:44 PM
“Brewed by baristas that now there stuff”!?

If only they new how to proofread their stuff.  And yes, my -k was intentional.
Title: Re: Great Park District 1 West - Novel Park
Post by: IHS3000 on October 03, 2019, 10:23:02 PM
Novel Park’s Grand Opening is this Saturday!

https://greatparkneighborhoods.com/news-and-events/events/parkscelebration

(https://www.talkirvine.com/index.php?action=dlattach;topic=16146.0;attach=7545)

“There’s always something going on at one of our parks and Saturday, October 5th is no exception. Join us for two exciting events taking place back-to-back. The perfect way to spend the day and a great time to also tour one of the model homes.
 
Novel Park Grand Opening | 9am - Noon
Explore the park full of surprises with an action-packed morning that includes:
Cold brew & nitro coffee along with donuts at The Cup
DJ & roller skating with Moxi Skate—bring your skates to join in the fun!
Live music & giant games on the lawn
Create your own dog collar or bandana
Pet portraits for you & your four-legged friend
A dog treat bar
Chef demos in the new indoor community kitchen
Giant lawn games
Art installation - “Flower Machine” by Krystal Chang
Create your own chalk art
Popsicle cart at Lyon’s Welcome Center(12-3 pm)
 
For the Novel Park Grand Opening, street parking will be available on a first-come basis. Once full, people will be directed to park at the intersection of Great Park Blvd & Beacon, with free shuttle service to the event.

Cadence Park Day in the Park  |  Noon - 3pm
The Burnt Truck and After’s Ice Cream food trucks
Live music, games, face painting, balloon animals, popcorn, & popsicles in the park
Photobooth at Lennar’s Welcome Home Center
Mini pumpkin decorating at Lyric
Essential oil roller-making craft at Muse
Fall harvest stamping & cookie decorating at Prado and Cabaletta
Floral bouquets at Duet”

Title: Re: Great Park District 1 West - Novel Park
Post by: tomiki on April 29, 2022, 09:45:29 AM
Final twelve units to be rough coated & stucco. Roughly 4 years to complete 536 units at Novel Park
Title: Re: Great Park District 1 West - Novel Park
Post by: Compressed-Village on April 29, 2022, 10:02:46 AM
Drove through that neighborhood and in my personal opinion, they are well layout and looks very nice. Homes are tights, but doesn't feel congest.
Title: Re: Great Park District 1 West - Novel Park
Post by: tomiki on July 11, 2022, 10:06:11 AM
Final two duet dwellings' concrete walkways are poured this morning. Four years of Novel journey for the construction crew is coming for a landing by August 2022.

In June 2018, Mark M. at OCBJ wrote, "The Newport Beach-based builder recently paid $166 million for 33 acres on the western edge of the former El Toro Marine base, or $5 million per acre and about $310,000 per home lot....An area referred to in city filings as District 1 West, are some of the smallest and most affordable homes in Irvine in years. "
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