Compiled by Chris Hannigan
Construction is well under way on Calypso, a condominium project by Shea Homes, part of Walnut-based J.F. Shea Co., and Irvine-based Starpointe Ventures. The 3.7-acre site is at 2801 Alton Parkway, across from the site where the Asian-themed Diamond Jamboree shopping center is planned. Calypso is made up of several four-story buildings that wrap around a central, gated parking garage. It’s set to have 179 condos. The parking garage is done. Diamond Jamboree calls for 112,000 square feet of stores, offices and restaurants due by late 2007.
After contentious debate, the City Council voted late last month to move ahead with plans to build the first phase of Newport Center Park. The vote means that the city plans to accept a $600,000 donation toward construction of part of the project in exchange for naming rights for the entire park. The name of the donor hasn’t been disclosed yet. Other naming rights still will be available. The city plans to change its 2006-07 budget to increase funding for the park from $200,000 to $400,000. Opponents of the plan, including Mayor Steven Rosansky, argued the site would be better suited for a new city hall building.
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NDC Development, part of Newport Beach-based Capital Pacific Holdings Inc., has nearly completed its latest phase of Saratoga Cove, a home development on one of the last undeveloped areas by the bluffs in the Capistrano Beach area of Dana Point. The project consists of six homes on 1.1 acres along Via Saratoga. All the homes have ocean views. They range from 4,198 to 4,326 square feet, with up to three garages. The homes have up to five custom bathrooms, landscaping, large islands in the kitchen and walk-in closets and a spa in the master suite. Home prices at Saratoga Cove start at $1.7 million. A few still are for sale. Capital Pacific specializes in luxury coastal homes, including the St. Regis Resort and Sea Villas Townhomes in Dana Point.
As part of Starbucks Corp.’s buy of the 20 Diedrich Coffee houses in Southern California, the Diedrich on 34122 S. Pacific Coast Highway has closed. The store is set to reopen as a Starbucks by summer.
The J.F. Shea Therapeutic Riding Center completed a major portion of its $4.5 million equestrian center, which marks the end of the first phase of redevelopment of the site. The horse park includes a 40-stall barn, two covered arenas, two uncovered arenas, two round pens and a veterinary area. Plans for the final phase include an education, family and client center, which is under way. The riding center seeks to better the lives of people with disabilities through horse programs. Founded by social worker Fran Joswick in 1978, the center serves about 239 clients each week with 40 varying disabilities. About 200 weekly volunteers work there. The center’s renovation began with a 7-acre land donation from J.F. Shea Co. in 2001.
The Planning Commission granted a conditional use permit to Dallas-based Royal Street Communications LLC, a partner of regional wireless network operator MetroPCS Communications Inc. of Dallas, to construct a wireless facility at 30021 Tomas Road. The proposed facility would have six panel antennas and a GPS antenna on the roof of an existing three-story building. The six panels and the GPS antenna would be screened behind fire retardant panels, which will be textured and painted to blend in.
