Irvine Business Complex
Vision Plan
Housing Community Forum
March 31, 2014
Regional Context
IBC
Irvine
Former MCAS Tustin/
Tustin Legacy
IBC Area
&
Surrounding
Communities
John Wayne
Airport
Santa Ana
Newport Beach
UCI
Background- What is the IBC?
• 4,500 businesses
• 90,000 employees
Background- What is the IBC?
• 6,388 dwelling units
• 14,400 Residents
• 217,200 s.f. of approved
mixed-use retail
Camden
Main Street Village
Park Place
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
History: City Council Action
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
Vision Statements:
Protect Existing Job Base
• Establish IBC Business District
• Retain Zoning Rights for Existing
Commercial & Industrial Uses
• Land Use Compatibility
Vision Statements:
Develop Mixed Use Districts
Create New ‘Main’ Streets
Vision
Statements:
Develop Mixed
Use Districts
IBC Urban
Neighborhood
Vision Statements:
Provide Connectivity:
Transportation / Pedestrian / Visual
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:
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 Rents
Affordable
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
$1,090
$1,308
$2,398
Three Bedrooms
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
IBC Vision Plan: Benefits
•
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
Irvine Business Complex
Vision Plan
Housing Community Forum
Presented by
Mark Asturias, Housing Manager
City of Irvine