Newport Seacrest Apartments in Newport Beach, Calif.
Located in one of the most prestigious and historic neighborhoods, Newport Seacrest Apartments offer residents the best in coastal living. Whether you are looking for a relaxing beachside stroll, a challenging workout at our state of the art fitness center, or a delicious meal at a world class restaurant, our apartment community offers it all within walking distance. With award winning Hoag Hospital just a short drive, there is everything you need right at your fingertips in Newport Beach.
A local company is buying a large Newport Beach apartment complex, giving residents notice they will have to move out in about two years. The new owners, Sunset Partners Solutions Management, say they plan to invest in the neighborhood and want the building to be around for a long time.
The new developers are hoping to replace the aging MacArthur Square shopping center with a mixed-use development that would contain about 384 rental units. The proposal for The Residences at Newport Place is to be heard by the city’s Planning Commission in June.
If approved, The Residences at Newport Place would replace the shopping center with four four-story buildings with retail or restaurant space on the first floor and apartment units on the top three floors, according to a city staff report. The project would also include a half-acre public park.
While the city’s land-use policies call for a public park, Newport Place Residential LLC said it does not need to dedicate the space because it would not change the density of the area. The development, which includes 384 rental units, is planned for the corner of Dove Street and Scott Drive just west of MacArthur Boulevard.
Newport Beach’s growing population and demand for new housing have led to a number of high-rise developments in the city. The area is already a hot spot for upscale residences, thanks to its proximity to John Wayne Airport and the nearby Newport Coast Mall.
Many of these developments have been designed to fit in with the city’s high-end landscape and are a great option for young families who prefer a more upscale lifestyle. Other factors that contribute to the thriving local economy are the low crime rates, excellent schools and a vibrant dining and nightlife scene.
The area is well connected to both the city and the rest of Orange County by way of major freeways, including PCH and Superior. It is also a short drive from renowned shopping and entertainment centers such as South Coast Plaza and Fashion Island.
In addition to being a prime destination for local residents, the area is an ideal location for international visitors. Several international airlines, including American Airlines and British Airways, operate out of John Wayne Airport, which is a 20-minute drive from the city.
With so much to offer, it is no surprise that Newport Beach is considered one of the most affluent cities in the country. In fact, the city’s affluent population is expected to grow over the next decade, according to research by real estate firm CBRE. newport residences