Banning Ranch Set for Crucial Coastal Commission Hearing

Banning Ranch Set for Crucial Coastal Commission Hearing

The Banning Ranch project, on 401-acres in Newport Beach, will go before the California Coastal Commission on Wednesday, October 7. Already approved by the City of Newport Beach, the fate of Banning Ranch, which is proposed to be comprised of 1,375 residential units, a hotel and a retail component, will rest with the Coastal Commission. Although the property currently is an aging oil field, operational since 1943, environmental groups are opposed to the development plan put forth by Newport Banning Ranch LLC (a joint venture between Aera Energy, Cherokee Investment Partners and Brooks Street).

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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