5-Story, 315-Unit Development Clears Newport Beach Planning Commission
The project, proposed by TPG (KCN) Acquisition LLC, an entity linked to the Picerne Group, would consist of the 312 apartment units atop a 825-space parking structure, a separate 284-space, free-standing parking structure, a one-acre public park, and a reconfiguration of the existing parking lots serving the office buildings.
Implementation of the 4400 Von Karman Project would include the demolition of existing surface parking and landscape areas. Enhanced landscaping and pedestrian walkways would be built to connect the Project to the existing office buildings, and to the adjacent Uptown Newport mixed-use project currently under construction.
The residential building would be rectangular shaped and designed in a podium style consisting of four stories of apartment units over one above-grade level of parking and two subterranean levels of parking.
The residential unit mix would include 55 studio, 149 one-bedroom units, and 108 two-bedroom units ranging from 515 square feet to 1,413 square feet. Five percent, or 13, of the apartment units, would be affordable and restricted to very low-income households.
On-site project amenities would include a ground-level bike shop and storage, a dog wash room, a pool/spa courtyard, a garden courtyard, a club room, a fitness center, a roof terrace with outdoor kitchen and dining areas, and a fireside lounge area.
MJS Landscape Architecture
TCA Architects will design a contemporary architectural style building with notable architectural elements such as warm-colored stone veneer along the building’s corners, cementitious siding in dark grays and blues, and awnings at the upper-level balconies and amenity entrances.
The Project application consists of a Planned Community Development Plan Amendment, a Major Site Development Review, an Affordable Housing Implementation Plan, and a Development Agreement, among other components.