Great Park
Neighborhoods


Spanning approximately 2,100 acres in Orange County, Great Park Neighborhoods® is located in coastal Southern California between Los Angeles to the north and San Diego to the south. Great Park Neighborhoods in Irvine provides a holistic mix of residential, commercial, educational, and recreational facilities offering residents of all ages and backgrounds a place to call home and fostering a deep sense of community among all generations. As a demonstration of its commitment to education, FivePoint is funding, designing, and building up to five state-of-the-art schools for its younger residents within Great Park Neighborhoods. Solaira, the first offering of affordable housing within Great Park Neighborhoods is restricted to residents 55 and older, which enables families to reside all within one community, preserving crucial multigenerational ties. These units are part of the more than 1,000 affordable housing units that will be located within Great Park Neighborhoods when it is fully developed.

Each park within Great Park Neighborhoods will feature a unique educational theme, celebrating distinctive aspects of the diverse and storied land on which it is built. Varied destination elements will encourage residents to visit parks outside of their own neighborhoods, providing a feeling of adventure and deepening the sense of connection across the community. In the midst of Great Park Neighborhoods is the Orange County Great Park, owned by the city of Irvine, which, at 1,300 acres, will rank as the largest metropolitan park in the United States – almost twice the size of Central Park in New York City. FivePoint is developing on behalf of the city of Irvine more than half – 688 acres – of the Orange County Great Park.

Residential


Approximately

9,500 homesites

Parks & Open Spaces


Approximately

138 acres

of open space and trails

61 acres

of parks linked by a greenbelt system

Commercial


Approximately

4.9 million square feet

of commercial space

Approximately

2 million commercial square feet

are approved and planned for the Broadcom Corporation campus

Schools


2 K-8 Schools:

One is under construction; the second is in the planning stages

1 High School

is under construction

Affordable Housing


Planned for more than

1,000 affordable

housing units,

221 of which are located in Solaira, the first senior affordable housing complex to be built in Irvine in 20 years

323 additional

senior and family affordable housing units currently estimated to be under construction in 2016

Economic Impacts


Anticipated benefits during development

Jobs:

63,480 jobs

created during construction

Labor Income:

$4.1 billion generated

Tax Revenues:

$425 million generated

Economic Activity:

$10.9 billion generated

All numbers are approximate. Source: Beacon Economics