NEWPORT BEACH
The City Council has approved plans to build luxury condos on the bluffs of Newport Harbor. The project, named Aerie, is slated to be six stories tall and include eight condos ranging between 3,000 and 6,000 square feet. The developer is Advanced Group 99-D LLC and the key person heading up development is Richard Julian, president of Advanced Real Estate Services Inc. in Lake Forest. The architect for the project is Newport Beach-based Brion Jeannette Architecture. The lot is approximately 1.4 acres and is on the corner of Carnation Boulevard and Ocean Avenue. Plans for Aerie include the demolition of a 14-unit apartment building and a home that currently sit on the land. The design of the building will feature Spanish architecture and developers hope to achieve a silver certification under the Leadership in Energy and Environmental Design rating system. The eight homes will also share a common spa, gym, pool, lounge and recreation rooms, private beach and boat docks. The expected cost of construction is between $30 million and $40 million and construction is scheduled to begin next summer and last approximately 32 months. A general contractor for the project has not yet been secured.
BREA
Brea Marketplace off East Birch Street and State College Boulevard is getting a complete makeover. The majority of the Market-place has been demolished. A Target store with underground parking now sits where Bever-ages & More! and part of Circuit City pre-viously was. Target is scheduled to open on Oct. 11. The Toys “R” Us is gone, and TGI Friday’s currently is being rebuilt. TGI Fri-day’s is expected to be complete by mid to late October. The shop-ping center is owned by Jackson-ville-based Regency Centers. The architect is Long Beach-based Perk-owitz + Ruth and the contractor is WL Butler Construction Inc. of Redwood City.
HUNTINGTON BEACH
Construction is nearly complete on a CVS Pharmacy on the northwest corner of Goldenwest Street and McFadden Avenue, near Golden West College. The 13,000-square-foot pharmacy will be the eighth CVS in Huntington Beach and is expected to be complete by the end of the year. CVS will be leasing the land from Coast Community College District and the lease term is set for 55 years. The district previously leased the land to a seasonal pumpkin patch and Christmas tree farm. College officials are searching for an alternative site for the pumpkin patch and tree farm. The construction company for the project is San Diego-based Simac Construction Inc. The architect is Pasadena-based Jacobs Engineering Group Inc.
