Menifee officials and two Newport Beach companies recently dug the first shovels in what will become Legado, a planned community with 1,000 new homes.
IHP Capital Partners and Newport Pacific Land traveled to the Inland Empire to innovate the 330-acre community, which will also include the usual amenities such as a swimming pool and recreation center and a 13-acre public park with a center community and sports fields. .
A mixed-use shopping center off I-215 will include 20 acres of retail and business.
“Legado’s official groundbreaking event marks an exciting new chapter in Menifee’s advancement as one of California’s fastest growing cities,” said Eric Koff, senior vice president of IHP Capital. Partners.
Legado construction is expected to be completed by summer 2026. Residential home sales are expected to begin in spring 2024.
OTL pivots to Dallas for Mustang Plaza revival
It’s not every day you put new hoof nozzles on bronze ponies prancing through the water.
It was just part of an extensive renovation of a 40-year-old central fountain in Irving, Texas.
Anaheim-based Outside the Lines was part of a multi-company project to rejuvenate the Williams Square Mustang Plaza aqueduct.
The company, working with the SWA Group’s Dallas office and Structure Tone Southwest, has updated much of the invisible systems that live beneath the fountain and its nine bronze mustangs.
OTL, which specializes in unique water features, renovated the fountain’s equipment room, removing existing plumbing and electrical, building in updated pumps, controls and treatment systems. When updating the water system, OTL also had to install new hot shoe nozzles while preserving the Mustangs signature splash.
“We were able to go back to the original designer of the hoof nozzles, Dan Ricciardi, to make new precise nozzles,” said Barry Caylor, an executive at OTL. “They were designed to be adjustable to create the desired splash effect. Receiving the nozzles from the original designer after 40 years illustrates the dedication of everyone involved in the project.”
The fountain, originally designed by SWA Dallas and built in 1983, sits at the center of the Williams Square Towers in Las Colinas.
A new company is coming to Surf City
Doma, a real estate technology company, opened a branch at 7777 Center St., Suite 495 in Huntington Beach.
The San Francisco-based company touts a system that uses artificial intelligence technology to create “a simple, affordable experience” for all parties involved in residential real estate transactions, including homeowners and buyers, mortgage lenders, title agents and real estate professionals.
The Building Block Foundation Fund will hold its White Party on September 15 at the Noguchi Sculpture Garden in Costa Mesa.
Proceeds from sponsorship and ticket sales raise money for local charities including Project Access, Boys Hope Girls Hope, Everfree, Joyful Child Foundation, Kidworks, Orangewood Children’s Foundation and Taller San Jose Hope Builders.
Bascom Group is the title sponsor this year, with local band Tijuana Dogs headlining.
BBFF is a nonprofit that connects the commercial real estate industry with local charities, raising thousands of dollars at its all-nighter to support groups that help at-risk youth.
Tickets are now on sale at buildingblockfoundationfund.org/event/2022-white-party. Sponsorship opportunities are available. .
David Shin has been promoted to director of asset management and director of environmental, social and corporate governance in the Brea office of Interstate Equities Corporation. Shin previously served as IEC’s vice president of asset management.
Real estate transactions, leases and new projects, industry hires, new companies and upcoming events are compiled from news releases by editor Karen Levin. Submit high-res articles and photos via email to Business Editor Samantha Gowen at [email protected] Please allow at least a week for posting. All elements are subject to change for clarity and length.