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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