HomeMy WebLinkAboutITEM 13 - City Ventures (Applicant)City of Tustin City Council
November 7, 2023
Karen Alves
Sr. Vice President of Development
kalves@cityventures.com
About City Ventures
Founded in 2009
A residential and mixed-use
developer focusing on infill
sites in coastal California cities
Successfully entitled projects
in over 60 California cities
A focus on repositioning underutilized real
estate into home ownership opportunities
Goal of building high quality
homes with sustainable living
The Sustainable Nature of City Ventures
Smart Technology
o Learning thermostats
o Network upgrades for all
connected devices
o Keyless Entry
Water Efficiency
o Water smart landscape
design
o Water saving plumbing
fixtures
o Efficient hot water heaters
Solar-Powered
o All-electric neighborhoods
o Lower utility bills
o Pre-wired for EVCS
o Option to install Powerwall
INTELLIGENT INTEGRATED INCLUDED
View east from
Newport Avenue
Current Site
Condition
o Located at 14042 Newport Avenue
o Approximately 1.961 net acres
o Formerly the site of a restaurant and parking lot
o Adjacent to the newly remodeled Jack-in-the-Box
o The site has been vacant for over a decade,
underutilized and unkept
View south from
El Camino Real
View west from
El Camino Real
Proposed Project Site Plan
1
Proposed Project Details
42 residential units, including 7
with live/work space
3 floor plans ranging from
approximately 1,300 sf to 1,600 sf
2-car enclosed garage per unit +
17 guest parking spaces
3- & 4-bedroom floor plans
Private patio and balcony spaces
Common area including an
event lawn, BBQs and picnic
tables under a shade structure
High-quality architectural design
complimentary to existing
architecture found in DCCSP
6
Th Common
1 3
6
5
Downtown
Commercial Core
Specific Plan
Development Area 6C
Goals:
- Encourage new high-quality development
- Increased patronage to Old Town
- Walkability
- High quality mixed-use development
Inclusionary Housing :
- Project includes 2 units (5%) to be sold to very
low-income qualifying households
- Developer will contribute over $250,000 in
affordable in-lieu fees
Public Benefit:
- A public amenity area to be provided as a public plaza
to include seating, landscaping, and lighting
- The 1,392 sf public amenity space will be installed at
no cost to the City and maintained by the project HOA
An easement for public access will be provided
Project Design Team
KTGY
Anthony Corbin
C&V Consulting
Joy Hendricks
C2 Collaborative
Niki Wu
MD Acoustics
Claire Pincock
Questions?