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Parkview Provides $80M for Newport Beach Lux Condo Development

Los Angeles-based Parkview Financial provided an $80 million construction loan to One Newport Development, LLC for the development of Uptown Newport, a 66-unit, for-sale, luxury condominium project in Newport Beach. Situated on a 1.06-acre land parcel at 4311 to 4321 Jamboree Rd., the fully entitled property has undergone grading and vertical construction is scheduled to commence in early 2021 with completion anticipated in late 2022.

The six-story property will feature units ranging from 1,100-square-foot one-bedroom units to three-bedroom units totaling up to 3,285 square feet with estimated pricing ranging from $1.1 million to $4.3 million.

The units will feature a myriad of upgrades and special touches including ten-foot-high ceilings, modern gas fireplace in the living room with stone surround, quartz countertops and backsplashes in the kitchen, upgraded appliances including beverage center and wine refrigerator, smart home features, LED lighting, and patio with speaker system. Common area features and amenities will include public spaces, pool, 24-hour concierge/attendant, secured access, library, and a fully-equipped gym.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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