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Transactions - FEBRUARY 19, 2021

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Shopoff Realty moves ahead with $90m luxury condominium community in Newport Beach, Calif.

by Released

Shopoff Realty Investments announced the details of a $90 million luxury condominium community coming to Newport Beach, Calif., as part of its $1.25 billion master-planned development, Uptown Newport.

Expected to break ground next month, Parkhouse Residences will be the premier condominium offering within the 25-acre, two-phase development that is now under way. Comprising five distinct buildings, each meticulously designed by WHA Architects, Parkhouse Residences will feature a limited collection of 30 homes with a combination of half-floor flats and two-story penthouses priced from approximately $1.9 million.

“Parkhouse Residences will be the only opportunity to own a brand-new luxury condominium in Newport Beach with a curated, resort-style amenity offering and direct access to a highly connected area of the city that is seeing exciting growth,” said Bill Shopoff, president and CEO of Shopoff Realty Investments. “For nearly 30 years, our firm has created over 1

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