ADDRESS:
1121 Back Bay Drive
Newport Beach, CA 92660
(949) 759-1238
AWARDS:
Gold Nugget Builder Award – Merit Award
BIASC (Builders Industry Assoc. of Southern California) – Project of the Year
SCANPH (Southern California Assoc. of Non Profit Housing) – Multi-Family Rental – Finalist
PROJECT DESCRIPTION:
Las Palmas and The Related Companies of California completed construction of a 120 unit senior apartment complex in Newport Beach, California in January 2006. This Gold Nugget Builder Award winning community is affordable to senior citizens who earn between 50% to 60% of the Orange County area medium income.
Bayview Landing is adjacent to the Newport Dunes Marina on the Upper Newport Bay and is only 1 mile from the World Famous Fashion Island Shopping Center. The community consists of 96 one-bedroom and 24 two-bedroom units with full kitchens. The buildings are sited to provide pleasurable views of the bay, landscaped parks and hillsides.
The complex amenities include a 3,000 square foot community center dedicated to social service programs and recreational activities. A central courtyard provides both active and passive recreation opportunities through the sitting plaza, pool, spa, sundeck, BBQ areas, and outside fireplace. Other amenities include a fitness center, computer lab, laundry rooms, elevators, lounge with grand piano, and a movie theater with surround sound.
In addition, a 10-acre park is located next to the community on the corner of Pacific Coast Highway and Jamboree Road. The park with native and indigenous landscaping, offers walking trails and benches for viewing the Upper Newport Bay.
Immediately behind the complex is the Newport Dunes Marina, offering biking and walking trails as well as watersport activities. The residents of Bayview Landing can walk, kayak, swim, and enjoy marina resources without a car or without asking someone to drive them.
Bayview Landing is the first affordable senior housing project in Newport Beach. This project would not have been feasible without funding from City of Newport Beach and The Irvine Company.
PROPERTY MGMT: Related Management Company
FINANCING:
Tax Credit Investor: The Irvine Company
Construction Lender: Wells Fargo Bank
Permanent Lender: California Housing Finance Agency
Residual Receipts Lender: City of Newport Beach
UNIT MIX:
120 units
96 1-bedrooms (572 Sq. Ft.)
24 2-bedrooms (805 Sq. Ft.)
100% AFFORDABLE:
25 units – 50% AMI
95 units – 60% AMI
RESIDENT SERVICES: More Information