1. Irvine Business Complex Housing Community Forum
Vision Plan
Housing Community Forum
March 31, 2014

2. Regional Context
IBC
Irvine

3. IBC Area & Surrounding Communities Former MCAS Tustin/ Tustin Legacy
John Wayne
Airport
Santa Ana
UCI
Newport Beach

4. Background- What is the IBC?
4,500 businesses
90,000 employees

5. Background- What is the IBC?
6,388 dwelling units
14,400 Residents
217,200 s.f. of approved mixed-use retail
Main Street Village
Camden
Park Place

6. 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

7. 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

8. Vision Statements: Protect Existing Job Base
Establish IBC Business District
Retain Zoning Rights for Existing Commercial & Industrial Uses
Land Use Compatibility

9. Create New ‘Main’ Streets
Vision Statements:
Develop Mixed Use Districts
Create New ‘Main’ Streets

10. Develop Mixed Use Districts
Vision Statements:
Develop Mixed Use Districts
IBC Urban Neighborhood

11. Vision Statements: Provide Connectivity: Transportation / Pedestrian / Visual
Establish a Well Connected Street Network

12. Vision Statements: Provide Connectivity: Transportation / Pedestrian / Visual
New Streets
Improved Pedestrian Connections
New Parks
Creekwalk

13. Vision Statements: Provide Connectivity: Transportation / Pedestrian / Visual
Enhance Connectivity to Transit Routes

14. Vision Statements: Create Useable Open Space
Important Linkages to Open Space System

15. A Spectrum of Housing City planned for variety of housing
Inclusionary housing requirement
Use of Density Bonus
Environmental analysis completed for area

16. Affordable Housing Inclusionary requirement of 15 percent
Incomes based on Orange County median income
Five percent very low
Five percent lower
Five percent moderate

17. 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

18. 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
Three Bedrooms
$1,090
$1,308
$2,398

19. 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

20. 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

21. Irvine Business Complex Vision Plan
Housing Community Forum
Presented by
Mark Asturias, Housing Manager
City of Irvine