Shea Homes Acquires Development Site At 4311 Jamboree Road From Shopoff Realty Investments

The development site at 4311 Jamboree Road, located in Newport Beach, CA, has been sold as a shovel-ready asset. The site is fully entitled for the construction of 23 townhomes and is part of the larger 25-acre Uptown Newport Village project. Construction on this site is expected to commence in 2027, with completion anticipated between 2028 and 2029.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Undisclosed
• Address: 4311 Jamboree Road
• Market: Newport Beach, CA
• Seller: William Shopoff - Shopoff Realty Investments
• Buyer: Shea Homes
• Entitlements: 23 townhomes
• Overall Project: Part of the Uptown Newport Village, entitled for 1,244 residential units and commercial space
• Additional Components: Includes One Uptown Newport with 458 units, Parkhouse Residences with 30 units, and Uptown Newport Park

William Shopoff of Shopoff Realty Investments represented the seller in this transaction, bringing the site to Shea Homes for future development. The acquisition symbolizes the concluding element of the first phase of the broader development plan for Uptown Newport Village.