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IHP Capital, Intracorp JV Advances In-Fill Development in Newport Beach
Newport Beach-based IHP Capital Partners and Intracorp formed a JV for the in-fill development of The Isle at Mariner Shores, a 36-townhome project in Newport Beach. This is the first partnership between the firms.
The three-story townhomes will be configured in tri-plex and six-plex buildings, with residences ranging from 1,675 to 1,890 square feet featuring two to four bedrooms, two and one-half to three and one-half bathrooms and two side-by-side car garages. The community design includes a landscaped perimeter, internal paseos and common area amenities such as a zero-edge pool, fireside lounge, barbecue area and covered cabanas.
Intracorp’s Brad Perozzi says, “Opportunities like The Isle at Mariner Shores community in Newport Beach are so rare and the neighborhood is so appealing that we feel our partnership is well-positioned for future success.”
Sales are anticipated to start in the first quarter of 2021 at the former Mariner Square Apartment Homes, near the intersection of Irvine Avenue and 17th Street.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development




