Irvine-based Shopoff Realty Investments has announced a $90 million luxury condominium community coming to Newport Beach: Parkhouse Residences. The 25-acre community will be part of Uptown Newport, a $1.25 billion master-planned development.
Groundbreaking will take place at Parkhouse Residences on May 19, which will be built in two phases. The luxury condo community is comprised of five distinct buildings, each designed by local WHA Architects, and will feature a limited collection of 30 homes with a combination of half-floor flats and two-story penthouses.
Blackband Design will oversee the residential interiors, offering sophisticated coastal chic living, with oversized windows and seamless terraces. Thoughtful amenities including a lap pool and hot tub, a resort-inspired cabana, a state-of-the-art fitness center, private garages and direct elevator entry. Just outside sits Parkhouse’s namesake: the one-acre Uptown Park, a shaded, grassy village green.
Uptown Newport is more than a decade in the making and, at build-out, will feature 1,244 luxury homes and rental apartment residences, up to 11,500 square feet of retail and restaurants and two one-acre parks open to the public, as well as plazas, fountains and several public paseos. In addition to Parkhouse Residences, phase one also includes the 458-residence One Uptown Newport luxury apartment community, which is now open and almost fully leased.
Completion is expected in late 2022, with pricing from approximately $1.9 million. For more on Parkhouse Residences and to register, visit ParkhouseResidences.com.