Developers aim to build 1,200 apartments at former Marine base in OC

Mixed-use project by AvalonBay Communities and Abode Communities would cover 20 acres at the Tustin Legacy site

Los Angeles /
May.May 06, 2022 11:30 AM
AvalonBay's Timothy J. Naughton and Abode Communities' Robin Hughes with rendering of Legacy Village project at Tustin Legacy (AvalonBay Communities, LinkedIn, City of Tustin)
AvalonBay’s Timothy J. Naughton and Abode Communities’ Robin Hughes with rendering of Legacy Village project at Tustin Legacy (AvalonBay Communities, LinkedIn, City of Tustin)

Developers have pitched plans to build more than 1,200 apartments at a former Marine Corps Air Station in Tustin.

AvalonBay Communities and Abode Communities have entered into an exclusive negotiating agreement with the Orange County city for a mixed-use development on 20 acres at the former base, now called Tustin Legacy, Urbanize Los Angeles reported.

The joint developers have proposed building Legacy Village, a mixed-use project which would construct more than 1,200 apartments – 25 percent to be set aside as affordable for households earning between 30 and 80 percent of local median income.

The multi-phase project would include 5,000 square feet of shops and restaurants, about 2,500 square feet of co-working space and seven acres of public and private open space.

The exclusive negotiating period is expected to last nine months, during which the developers are expected to reach an agreement on development, disposition and project entitlements with the central OC city along Interstate 5.

Other components of the 1,600-acre Tustin Legacy site include Flight, a 38-acre office complex built by LPC West, which features more than 470,000 square feet of space.

AvalonBay Communities, a real estate investment trust based in Virginia, and Abode Communities, a nonprofit developer based in Downtown Los Angeles, have teamed up on other building projects.

The two firms are redeveloping the eight-acre West Los Angeles Civic Center with a similar project, including more than 925 apartments, city offices, a community center, shops and restaurants and open space.

In October 2020, AvalonBay secured $167 million in financing to build a 475-unit, mixed-use project in the Arts District. It was slated for completion this year.

Last month, Adobe secured $22.4 million in financing to build a 90-unit supportive housing complex for homeless and disabled residents in San Pedro.

[Urbanize Los Angeles] – Dana Bartholomew





    Related Articles

    arrow_forward_ios
    Placeholder image
    Analysts see likely dip in SoCal home prices
    Analysts see likely dip in SoCal home prices
    A rendering of the 1111 Sunset Blvd project (North Palisade, Skidmore, Owings & Merrill)
    Trio of residential towers approved for Echo Park
    Trio of residential towers approved for Echo Park
    houses with thunder and hourglass
    LA could get reprieve on looming state housing deadline
    LA could get reprieve on looming state housing deadline
    Optimus Properties co-founders Kamyar Shabani and K. Joseph Shabani with the property at 4256 W. 2nd Street in Koreatown (Optimus Properties LLC, RentCafe)
    Optimus Properties buys seven apartment buildings in core of LA
    Optimus Properties buys seven apartment buildings in core of LA
    SRG's Chris Payne and Burnham Ward's Bryon Ward with rendering of New Laguna Niguel City Center (Sares Regis Group, Burnham Ward Properties)
    ‘Napa Valley-esque’ downtown to be built in Laguna Niguel
    ‘Napa Valley-esque’ downtown to be built in Laguna Niguel
    Yvette Mimieux with 500 Perugia Way (Getty, Jade Mills, iStock)
    Double feature: Yvette Mimieux’s estate under contract
    Double feature: Yvette Mimieux’s estate under contract
    From left: Massachi Industries' Alex Massachi and DM Development's Mark McDonald with 1725-1739 N. Bronson Ave
    Development duo moves ahead on 128-unit high-rise in Hollywood
    Development duo moves ahead on 128-unit high-rise in Hollywood
    From left: Stockdale Capital Partners' Steven and Shawn Yari with 656 San Vicente Blvd
    Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai
    Stockdale Capital gets early green light for 140K sf medical tower near Cedars-Sinai
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...