Shopoff Realty Investments Celebrates Official Grand Opening of Uptown Newport Park
- Celebration included a special performance by Stray Cat, Lee Rocker
Newport Beach, CA – March 25, 2022 – Shopoff Realty Investments (“Shopoff”) held a special event to celebrate the official opening of its Uptown Newport Park on Friday, March 18, 2022. The one-acre park is part of the first phase of development of Shopoff’s masterplan community, Uptown Newport Village.
“The Uptown Newport Park is a fantastic addition to our Uptown Newport development, and we are pleased to be able to provide this beautiful public space for Newport Beach residents to enjoy,” explained Shopoff President and CEO William Shopoff.
The evening included a speech from Newport Beach Mayor Kevin Muldoon, as well as the presentation of special certificates from Supervisor Katrina Foley and Supervisor Lisa Bartlett. After the speeches concluded, Stray Cat bassist, Lee Rocker and his band performed for the crowd.
The Uptown Newport development is already home to hundreds of residents who currently reside in One Uptown Newport, a 458-unit luxury apartment community Shopoff developed in partnership with The Picerne Group. One Uptown also includes 92 affordable apartment units that provide much needed affordable housing for Newport Beach residents.
In addition to the for-rent community, Parkhouse Residences at Uptown Newport, a for-sale 30-unit condominium project, is currently under construction. When fully complete, the community will feature more than 1244 apartments and condominiums, and an additional one-acre park.
About Shopoff Realty Investments
Shopoff Realty Investments is an Irvine, California-based real estate firm with a 30-year history of value-add and opportunistic investing across the United States. The company primarily focuses on proactively generating appreciation through the repositioning of commercial income-producing properties and the entitlement of land assets. The 30-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied in this time frame, with certain offerings generating losses. For additional information, please visit www.shopoff.com or call (844) 4-SHOPOFF.
Disclosures
This is not an offering to buy or sell any securities. Such offer may only be made through the offerings memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risks and is suitable only for investors who have no need for liquidity and who can bear the loss of their entire investment. There is no assurance that any strategy will succeed to meet its investment objectives. The performance of this asset is not indicative of future results of other assets. Securities offered through Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, CA 92612, (844) 4-SHOPOFF
