Irvine Business ComplexVision Plan

Housing Community ForumMarch 31, 2014

Regional Context

IrvineIBC

Former MCAS Tustin/Tustin Legacy

John Wayne Airport

UCI

Newport Beach

Santa Ana

IBC Area

&

Surrounding

Communities

Background- What is the IBC?• 4,500 businesses

• 90,000 employees

Camden Park Place

Background- What is the IBC?• 6,388 dwelling units

• 14,400 Residents

• 217,200 s.f. of approved mixed-use retail

Main Street Village

Background- What is the IBC?• 1,343,936 sf of Retail

• 26,541,874 s.f. of Office

• 11,020,295 s.f. of Industrial/ Warehouse

• 2,454 Hotel Rooms

Adopted Vision Statements:

• Protect the Existing Job Base within the IBC

• Develop Mixed-use Cores

• Provide Enhanced Connectivity

• Create Useable Open Space

• Develop Safe, Well-designed Neighborhoods

History: City Council Action

• Establish IBC Business District• Retain Zoning Rights for Existing

Commercial & Industrial Uses• Land Use Compatibility

Vision Statements:Protect Existing Job Base

Create New ‘Main’ Streets

Vision Statements:Develop Mixed Use Districts

IBC Urban Neighborhood

Vision Statements:

Develop Mixed Use Districts

Establish a Well Connected Street Network

Vision Statements:Provide Connectivity: Transportation / Pedestrian / Visual

• New Streets• Improved Pedestrian

Connections• New Parks• Creekwalk

Vision Statements:Provide Connectivity: Transportation / Pedestrian / Visual

Enhance Connectivity to Transit Routes

Vision Statements:Provide Connectivity: Transportation / Pedestrian / Visual

Vision Statements:Create Useable Open Space

Important Linkages to Open Space System

A Spectrum of Housing

• City planned for variety of housing• Inclusionary housing requirement• Use of Density Bonus • Environmental analysis completed

for area

Affordable Housing

• Inclusionary requirement of 15 percent• Incomes based on Orange County median

income– Five percent very low– Five percent lower– Five percent moderate

2014 Affordable Incomes

Household Size Very Low Income (50%)

Lower Income (80%)

Moderate Income (120%)

1 $33,750 53,950$ $73,250

2 $38,550 $61,650 $83,700

3 $43,350 $69,350 $94,200

4 $48,150 $77,050 $104,650

5 $52,050 $83,250 $113,000

2014 Affordable RentsAffordable

Apartments in Irvine

Very Low Income Rents (50%)

Lower Income Rents (80%)

Moderate Income Rents (120%)

One Bedroom $871 $1,046 $1,918

Two Bedrooms $981 $1,177 $2,158

Three Bedrooms $1,090 $1,308 $2,398

2014 Affordable Sales Prices

Number of Bedrooms

Very Low Income (50%)

Lower Income (80%)

Moderate Income (120%)

Two Bedrooms $88,400 $162,700 $298,200

Three Bedrooms $95,600 $177,100 $329,700

Four Bedrooms $106,400 $194,000 $359,700

• Provides for creation of a vibrant mixed-use community while allowing flexibility for developers in land use planning

• Provides for programmatic development of area-wide neighborhood infrastructure

• Reduces overall traffic within IBC vicinity by allowing for wider mix of uses

IBC Vision Plan: Benefits

Irvine Business ComplexVision Plan

Housing Community ForumPresented by

Mark Asturias, Housing ManagerCity of Irvine