Baker Block: Cityview Names Its New Multifamily Development In Costa Mesa Calif
Mayor and Business Leaders Addressed Housing Supply and Affordability Issues Facing Orange County and Costa Mesa at Naming Ceremony
LOS ANGELES & COSTA MESA, Calif.-CityView, a premier investment management and development firm focused on urban multifamily real estate in the Western United States, and Red Oak Investments, an urban redevelopment company active in Los Angeles and Orange County, held a naming ceremony today for Baker Block, their new apartment community in Costa Mesa, Calif.
The ceremony for Baker Block featured speeches by Stephen Mensinger, Mayor of Costa Mesa Sean Burton, CEO of CityView Henry Cisneros, Founder and Chairman of CityView and the former Secretary of the U.S. Department of Housing and Urban Development and Joe Flanagan, Principal and Co-founder of Red Oak Investments.
Baker Block is located at 125 East Baker St., at the corner of Pullman Street. CityView is creating the project along with its development partner, Red Oak Investments. The project sits on a 4.17-acre site previously occupied by an office building. The project is the first of significant scale to be re-zoned for residential use in the area adjacent to the South Bristol Entertainment & Cultural Arts District, which is commonly known for its low-density office buildings and light manufacturing facilities.
Burton said his company is glad to be in Costa Mesa.
About CityView
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Costa Mesa Assistant City Manager Pens Book On Writing Staff Reports
Pulling on her 29 years of experience in city government, Costa Mesa Assistant City Manager Tamara Letourneau recently wrote a book detailing how to craft quality staff reports documents that are meant to provide information on various topics to both the public and a legislative body.
Letourneau said she was inspired to pen the book, Mastering the Art: A Step-by-Step Guide to Writing a Quality Staff Report for Local Government, because she realized there wasnt one out there already.
So I wrote one myself, she said, in a news release this week. There is no other resource like it.
The book is meant to simplify the process of writing staff reports and serve as a reference guide for those working in local government, according to the release.
Its available on .
The Community Of Costa Mesa
Five different areas make up the city of Costa Mesa: Mesa Verde to the northwest, South Coast Metro to the northeast, Westside in the southwest, Central in the downtown area and Eastside to the southeast. Both the Westside and Eastside neighborhoods border Newport Beach and contain the higher-end homes in Costa Mesa. South Coast Metro is the newest area of town with primarily planned development that centers around the South Coast Plaza mall, one of the largest on the West Coast.
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Lagunas Susi Q Center Will Temporarily Close For Maintenance
The Laguna Beach Community & Susi Q Center will close for annual maintenance from Saturday through Jan. 7.
No classes or programs will be held during this time, though city of Laguna Beach community services staff members will be available to help customers with class registrations, wedding permits and professional photography permits.
Business hours will be 7:30 a.m. to 5:30 p.m. Tuesday through Thursday and Jan. 2 through 4, and 7:30 a.m. to 4:30 p.m. Dec. 29 and Jan. 5.
The center will reopen at 7:30 a.m. Jan. 8.
Shepard Fairey Paints His First
If youve driven down the 55 freeway in Costa Mesa recently you may have seen a mural with a portrait of a young woman at its center with the words, Welcome at Baker and Pullman streets, on the back of the new Baker Block luxury apartments.
Welcome Home is a 7,000 square-foot piece recently completed by street artist Shepard Fairey.
The local community, the rebel surf-skate culture and the idea of peace and our need to take care of our environment all inspired me for this piece, says Shepard Fairey. But in choosing a theme I considered these things as well as what would have the greatest impact from afar since this was such a great opportunity to have a massive platform. I wanted people driving down the freeway to be able to clearly pick up its message and maybe be inspired, tooThe mural represents inclusion, welcoming, community, peace and harmony.
Cynthia Rebolledo, OC Weekly
1901 Avenue of the Stars, Suite 1950Los Angeles, CA 90067
Sarah Hunt
Senior Associate, Business Development & Capital Relations
Ms. Hunt has over six years of real estate investment, capital formation, and investor relations experience. Prior to joining Cityview, she was an Associate with Chicago-based Magnolia Capital. During her tenure, she worked on equity capital raises for numerous real estate investment vehicles. Prior to Magnolia, Ms. Hunt was a Financial Analyst with LaSalle Investment Management where she oversaw the financial performance of assets with over $1 billion in value.
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What To Do In Costa Mesa
A top-notch performance facility, the Segerstrom Center for the Arts hosts a variety of concerts, musicals, musicians, dancers and comedians in four different venues. The largest, Segerstrom Hall, holds more than 3,000 audience members. You can find something to entertain and interest you most nights of the week.
Built to house cowboys in the 1820s, the Diego Sepulveda Adobe is situated on a bluff inside Estancia Park. The second-oldest structure in Orange County, the Adobe is now a museum that commemorates the colorful history of Costa Mesas early settlers. Its only open to the public on two Saturdays each month, so check for hours before you go.
If you enjoy classic cars, stop at Crevier Classic Cars, a museum/showroom that displays several vintage autos. Technically considered a storage facility, the facility houses an ever-changing display of classics, some of which are for sale. The team at Crevier is happy to show you around and share their knowledge of these vintage vehicles. Open Monday through Saturday from 8 a.m. to 6 p.m. and Sunday from 9 a.m. to 5 p.m. theres no cost to go inside.
Around Town: Work Complete On Baker Block Apartment Complex In Costa Mesa
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Work recently concluded on Baker Block, a 240-unit apartment complex at 125 E. Baker St. in Costa Mesa, according to the city.
The $75-milllion development includes a parking structure and amenities such as a pool, rooftop lounge and a fitness center.
A massive mural designed by street artist Shepard Fairey is painted on the side of the building and visible from the nearby 55 Freeway.
Baker Block is a cooperative effort from CityView, an investment management and development firm, and Red Oak Investments, an urban redevelopment company.
Monthly rents start at $2,025 for a studio, according to the complexs website.
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Vanguard University Announces New Head Coach For Golf Team
Vanguard University announced Jeff Anderson as the head coach for its men and womens golf team for the 2018-19 school year.
Anderson served in the professional golf world for over a decade, according to a news release. He served as the men and womens golf head coach at Pacifica Christian High School in Santa Monica since 2014.
One Place You Shouldnt Miss In Costa Mesa
Looking for something a little less commercial that perfectly embodies the vibe of Southern California? Dont skip a trip to the LAB Anti-Mall, an eclectic collection of small shops and cafes that also hosts live music and art installations. LAB stands for Little American Business and for more than 25 years, thats what this fun and unconventional shopping area has focused on. Hang out for a while and check out this decidedly different retail establishment.
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Nearby Schools In Costa Mesa
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About GreatSchools
GreatSchools ratings based on test scores and additional metrics when available.
About the ratings: GreatSchools Ratings are designed to be a starting point to help parents compare schools, and should not be the only factor used in selecting the right school for your family. Zillow and GreatSchools recommend that parents tour multiple schools in-person to inform that choice. As of October 2020, the GreatSchools Ratings methodology continues to move beyond proficiency and standardized test scores. The latest methodology prioritizes student growth through measures of equity and school quality. Learn more
Disclaimer: School attendance zone boundaries are provided by a third party and subject to change. Check with the applicable school district prior to making a decision based on these boundaries. In addition, school data is obtained from a third party vendor and not guaranteed to be accurate, up to date or complete.
One Place You Shouldn’t Miss In Costa Mesa
Looking for something a little less commercial that perfectly embodies the vibe of Southern California? Don’t skip a trip to the LAB Anti-Mall, an eclectic collection of small shops and cafes that also hosts live music and art installations. LAB stands for “Little American Business” and for more than 25 years, that’s what this fun and unconventional shopping area has focused on. Hang out for a while and check out this decidedly different retail establishment.
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Laguna Trolley Times Altered For The Holidays
Laguna Beach trolleys will follow modified schedules the next two weeks.
Trolleys will run from 11 a.m. to 8 p.m. on Christmas Eve. There will be no service on Christmas Day and New Years Day.
The city will extend trolley hours on New Years Eve, with service available from 11 a.m. to 1 a.m.
For more information, visit lagunabeachcity.net/trolley.
Boutique Apartments In Costa Mesa Ca
Costa Mesa is the place where surf, skate, music and art intersect. Home to some of SoCals most inspiring brands, Costa Mesa is now also home to Orange Countys most desirable living space – Baker Block. Every day youll feel like youre living at a relaxing retreat with coastal-curated interior design and Orange Countys largest mural by world-renowned street artist, Shepard Fairey, seen from the 55 freeway.
Baker Block is located less than a mile from music venues, indie dining, and world-class shopping. Experience spacious floor plans with modern sensibility and designer details. Community includes a rooftop lounge, resort-style pool, fitness studio, dog park, barbecue grills, fire pits, bike storage, and more. Take a deep breath and kick your feet up – welcome home.
Mural by Shepard Fairey
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Record Pricing For Costa Mesa Rentals
The developers of Costa Mesas Baker Block apartment complex aimed to distinguish their 240-unit project from other multifamily projects through their use of art.
For Irvine-based Red Oak Investments, which built the mid-rise complex in a venture with L.A.-based CityView, their aesthetic choices appear to have paid off handsomely.
Baker Block, a 2-year-old property that fronts the Costa Mesa Freeway near Baker Street, recently sold for $113.5 million. Its the highest price reported for a multifamily complex sale in Orange County this year, according to data from real estate market tracker CoStar Group Inc.
At nearly $473,000 per unit, its also the highest per-unit price seen for a larger-sized rental complex in OC in over two years, according to CoStar data.
The buyer is listed in property records as Baker Block Associates LP state filings indicate the Anaheim-based entity has ties to Kort & Scott Financial Group LLC, an owner and operator primarily of manufactured housing communities. The new owners couldnt be reached for comment.
Faireys 1st OC Mural
Baker Block stands out from the crowd, in terms of the numerous mid-rise apartment communities that have been built in OC during the recent market cycle.
The resulting Welcome Home artwork, unveiled in 2017 around the time of the complexs opening, is the largest mural in Orange County, according to Red Oak Investments.
1901 Avenue of the Stars, Suite 1950Los Angeles, CA 90067
Sarah Hunt
Rob Lester
Damian Gancman