Shopoff Realty Investments Goes Forward with $ 90 Million Luxury Condominium Community in Newport Beach

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Parkhouse Residences will be the only opportunity to own a brand new luxury condominium in Newport Beach with a resort style amenity offering and direct access to a highly connected area of ​​the city that is experiencing exciting growth.

Shopoff Realty Investments, a national real estate and investment firm based in Irvine, today announced details of a $ 90 million luxury condominium community in Newport Beach as part of its planned 1 , $ 25 billion, Uptown Newport.

Scheduled for launch next month, Parkhouse Residences will be the first condominium offering in the 25-acre two-phase development that is currently underway. Comprised of five separate buildings, each meticulously designed by WHA Architects, Parkhouse Residences will feature a limited collection of 30 homes with a combination of half-story apartments and two-story penthouses priced at around $ 1.9million. dollars.

“Parkhouse Residences will be the only opportunity to own a brand new luxury condominium in Newport Beach with an offering of resort style amenities and direct access to a highly connected area of ​​the city that is experiencing exciting growth,” said Bill Shopoff, President and CEO of Shopoff Realty Investments. “For almost 30 years our firm has created over 12,000 residences, but Parkhouse is uniquely personal to me and my wife Cindy. We designed it to align with a lifestyle that matches the way we want to live. No detail has been overlooked in these sophisticated and understated luxury homes.

With residential interiors by internationally renowned and locally adored Blackband Design, Parkhouse is the epitome of chic and sophisticated coastal living, with oversized windows and seamless decks, ushering in iconic Southern California light and ocean breezes. . Effortless living extends to thoughtful amenities including lap pool and hot tub, resort-inspired cabin, state-of-the-art fitness center, private garages, direct elevator entrance and, just outside, Parkhouse’s namesake – the pristine acre Uptown Park, a leafy, shady village.

Over a decade in the works and when fully completed, Uptown Newport will include 1,244 luxury homes and rental apartment residences, up to 11,500 square feet of shopping and dining, and two one-acre parks open to the public. , as well as plazas, fountains and several public paseos. A two-phase project, the first phase consists of Parkhouse Residences, future retail, additional residential development, as well as the One Uptown Newport luxury apartment community of 458 residences, which is now open and almost fully rented.

For sales and marketing at Parkhouse, Shopoff hired Polaris Pacific, the leading real estate sales and marketing group for new residential communities with a 30-year legacy of success in the western United States. Sales launch in spring 2021 and completion expected in late 2022. A list of interest is forming to be among the first to receive information about upcoming sales debuts. To learn more and to register, visit ParkhouseResidences.com.

About Shopoff Realty Investments

Shopoff Realty Investments is an Irvine, California-based real estate and investment firm with over 25 years of private real estate and development experience. It provides strategic investment opportunities in land, residential and commercial properties, mortgage products and mutual funds to qualified and high net worth clients. Shopoff Realty Investments was officially known as The Shopoff Group. For more information, visit https://www.shopoff.com/.

About Polaris Pacific

Polaris Pacific is the leading real estate sales and marketing group for today’s new residential condominium communities. Building on a legacy of 30 years of success in the western United States, Polaris Pacific specializes in new development, leveraging the latest tools and technology to chart a clear path forward. To learn more, visit PolarisPacific.com.

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