Contact Us
News

Unveiling Uptown Newport Village

Want to get a jump-start on upcoming deals? Meet the major Orange County players at one of our upcoming events!

Shopoff Realty Investments is developing the Uptown Newport Village project in Newport Beach.

Rendering of Uptown, Orange County, CA
Rendering of Uptown in Orange County

The company bought the 25 acres on Jamboree off MacArthur eight years ago, Shopoff Realty Investments president Bill Shopoff said at last week's Bisnow Future of Irvine event. 

Phase 1 will include condos, apartments and ground-level retail. The project will also include urban plazas and paseos.

The entire development will have 1,244 residential units and 11,500 SF of retail with two acres of park space at 4311-4321 Jamboree Road.

Shopoff Realty Investments President Bill Shopoff at Bisnow OC Event.
Shopoff Realty Investments president Bill Shopoff

The development is a large hole in the ground right now, and there is a semiconductor chip plant still in operation on the site, he said.

"So we have to manage our construction around the existing chip plant," Shopoff said.

Since the site was built in the late 1950s and early 1960s, not all of the utilities are mapped as would be expected.

"There have been a lot of surprises, so we've been able to work through those," he said.

Shopoff Realty Investments President Bill Shopoff at Bisnow OC Event.
Shopoff Realty Investments president Bill Shopoff

The Del Rey Apartments, also part of Phase 1, are a JV between Shopoff and The Picerne Group. The complex will feature 462 apartments and could be completed by late next year.

Shopoff expects the development will be one of the best rental projects in the OC. The idea behind it is to create an urban village and make it pedestrian-friendly, he said.