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Irvine Business Complex Vision Plan Housing Community Forum March 31, 2014.

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Presentation on theme: "Irvine Business Complex Vision Plan Housing Community Forum March 31, 2014."— Presentation transcript:

1 Irvine Business Complex Vision Plan Housing Community Forum March 31, 2014

2 Regional Context Irvine IBC

3 Former MCAS Tustin/ Tustin Legacy John Wayne Airport UCI Newport Beach Santa Ana IBC Area & Surrounding Communities

4 Background- What is the IBC? 4,500 businesses 90,000 employees

5 Camden Park Place Background- What is the IBC? 6,388 dwelling units 14,400 Residents 217,200 s.f. of approved mixed-use retail Main Street Village

6 Background- What is the IBC? 1,343,936 sf of Retail 26,541,874 s.f. of Office 11,020,295 s.f. of Industrial/ Warehouse 2,454 Hotel Rooms

7 Adopted Vision Statements: Protect the Existing Job Base within the IBC Develop Mixed-use Cores Provide Enhanced Connectivity Create Useable Open Space Develop Safe, Well-designed Neighborhoods History: City Council Action

8 Establish IBC Business District Retain Zoning Rights for Existing Commercial & Industrial Uses Land Use Compatibility Vision Statements: Protect Existing Job Base

9 Create New Main Streets Vision Statements: Develop Mixed Use Districts

10 IBC Urban Neighborhood Vision Statements: Develop Mixed Use Districts

11 Establish a Well Connected Street Network Vision Statements: Provide Connectivity: Transportation / Pedestrian / Visual

12 New Streets Improved Pedestrian Connections New Parks Creekwalk Vision Statements: Provide Connectivity: Transportation / Pedestrian / Visual

13 Enhance Connectivity to Transit Routes Vision Statements: Provide Connectivity: Transportation / Pedestrian / Visual

14 Vision Statements: Create Useable Open Space Important Linkages to Open Space System

15 A Spectrum of Housing City planned for variety of housing Inclusionary housing requirement Use of Density Bonus Environmental analysis completed for area

16 Affordable Housing Inclusionary requirement of 15 percent Incomes based on Orange County median income –Five percent very low –Five percent lower –Five percent moderate

17 2014 Affordable Incomes Household Size Very Low Income (50%) Lower Income (80%) Moderate Income (120%) 1$33,75053,950$$73,250 2$38,550$61,650$83,700 3$43,350$69,350$94,200 4$48,150$77,050$104,650 5$52,050$83,250$113,000

18 2014 Affordable Rents Affordable Apartments in Irvine Very Low Income Rents (50%) Lower Income Rents (80%) Moderate Income Rents (120%) One Bedroom$871$1,046$1,918 Two Bedrooms$981$1,177$2,158 Three Bedrooms$1,090$1,308$2,398

19 2014 Affordable Sales Prices Number of Bedrooms Very Low Income (50%) Lower Income (80%) Moderate Income (120%) Two Bedrooms$88,400$162,700$298,200 Three Bedrooms$95,600$177,100$329,700 Four Bedrooms$106,400$194,000$359,700

20 Provides for creation of a vibrant mixed-use community while allowing flexibility for developers in land use planning Provides for programmatic development of area-wide neighborhood infrastructure Reduces overall traffic within IBC vicinity by allowing for wider mix of uses IBC Vision Plan: Benefits

21 Irvine Business Complex Vision Plan Housing Community Forum Presented by Mark Asturias, Housing Manager City of Irvine


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