"The proposal calls for building 606 units on an 18-acre site at 16300 Euclid Street near Mile Square Regional Park that was once a strawberry field. The plans call for 304 market-rate apartments and 83 affordable units for seniors in a five-story building and a mix of 219 townhomes and triplexes across the site. The affordable units comprise 15 percent of the total project. The development will be executed in partnership with Lennar."
"The approval didn't come without pushback from residents, as well as City Council members and the mayor himself, despite the council voting ultimately 40 in favor of the development. Planning commissioners similarly voted unanimously to approve the project's entitlements, but the following month, the City Council convened a special meeting to consider appealing the planning commission's approval, though it ultimately abandoned that effort."
Fountain Valley approved the affordable housing component agreement for the Euclid + Heil project developed by Shopoff Realty Investments and partnered with Lennar. The proposal calls for 606 units on an 18-acre site at 16300 Euclid Street near Mile Square Regional Park, including 304 market-rate apartments, 83 senior affordable units in a five-story building, and 219 townhomes and triplexes. Affordable units make up 15 percent of the project, with state income limits defining low-income thresholds for Orange County households. The project aligns with the city's inclusionary housing program and contributes toward a planning requirement of 4,839 new units, including 2,093 affordable, by October 2029. Planning commissioners approved entitlements unanimously and City Council voted 4-0 in favor despite resident and some council opposition. Officials raised concerns about a single elevator servicing senior units in the five-story building and questioned accessibility and reliability.
Read at therealdeal.com
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