Introduction Five Point Holdings LLC (“Five Point”) is one of two primary developers in Irvine. The other is Irvine Company. In this article, we examine basic facts about Five Point. This is just a little of the information a potential investor would routinely look into before investing. Our goal is not to be critical, but simply to […]
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Commissioners Present: Michael Carroll (Kuo) Steven Huang (Khan) Dustin Nirschl (Fox) Jeff Pierson (Wagner) Greg Smith (Shea) Highlights: Heritage Fields’ request for approval to amend their contract with the city with regards to their development project in Area 51 of the Great Park sheds light on how limited commissioners and city council members are with […]
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FivePoint requests approval for an additional 1,056 market rate housing units for a total of 10,556 in the Great Park Neighborhoods. Last night (3/5/19) the Irvine Transportation Commission unanimously approved (5-0) the FivePoint traffic evaluation (not the same as a study or analysis) for the proposed 1,056 additional housing units in the Great Park Neighborhoods. It […]
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FivePoint appears to be taking advantage of a loophole in the General Plan intended to provide more affordable housing. How? By asking our City Council to reclassify 1,056 “affordable homes” to “affordable” and “additive”. Let us explain. Loophole: The loophole is found in the General Plan Land Use element for classifying certain new development. By […]
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FivePoint is going before the Transportation Commission on Tuesday March 5th and the Planning Commission on Thursday March 7th with the request to build an additional 1,056 residential units above the approved 9,500 residential unit cap in the Great Park (Planning Area 51). Please come to the meetings and speak up for having a say […]
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Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinions of Irvine Watchdog or its volunteers. Irvine Watchdog welcomes all views, thoughts, and opinions expressed by Irvine residents and welcomes their posts for the Opinion section. We want to hear from you! If you would like […]
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How do you feel about our elected City Council members and city council candidates receiving a majority of donations from the development community while NOT recusing themselves from voting on those development projects? SIX of NINE contributions are from the Strader family for Melissa Fox’s campaign (Patrick Strader is the lobbyist for FivePoint/Starpointe Ventures). Seven […]
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