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Shopoff Sells Newport Beach Land for $26M, Lux Condo Development Planned
Irvine-based Shopoff Realty Investments sold a 0.95-acre lot within its Uptown Newport master development for $26.26 million. USA Infrastructure Investments acquired the site on Jamboree Road in Newport Beach and plans to develop a 66-unit luxury condominium project.
Shopoff Realty Investments’ William Shopoff says, “With approved entitlements in place, this site will provide USAI an ideal starting point for a residential development. In fact, the Uptown Newport master development has already seen great success in its for-rent residential development, One Uptown, and with proper execution, we anticipate subsequent housing developments will realize the same positive result.”
The project will feature six stories with units that will average 2,200 square feet. Community amenities include a fitness center, resort-style pool, underground parking, a state-of-the-art air management system, and it is designed to be 2020 Green Building Standards Code compliant.
Shopoff’s Brian Rupp adds, “We’re pleased to see this land go to a developer that understands the vision behind this master development.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


