Newport Beach Expected to Yank Banning Ranch Approvals this Week

The OC Register

By Lauren Williams

A long-planned development of hundreds of homes and expansive retail space this week likely will lose the approvals it received from the Newport Beach City Council five years ago, dealing the controversial project yet another blow. On Tuesday, the Newport Beach City Council is expected to vote to vacate all approvals for the Newport Banning Ranch project, which has been proposed for the 401-acre historic oil field that sits in an unincorporated area at the intersection of Newport Beach, Costa Mesa and Huntington Beach.

Read More

Previous How a Return to Multigenerational Living is Shifting the Housing Market
Next Millennials Want to Own Homes Too, If U.S. Economy Would Consent

About author

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.

View all posts by this author →

You might also like

Land/Projects

Horton Picks Up 20 Lots in West Hills

DR Horton acquired 20 unimproved lots in the West Hills section of the San Fernando Valley. The lots will average approximately 5,000 square feet in size with home sizes averaging

Land/Projects

Bressi Ranch housing project gets the OK

By Steve Puterski After a marathon session of presentations, discussions and remarks from the public, city council approved on Tuesday a controversial project in Bressi Ranch. After nearly four hours

Land/Projects

Anaheim’s Platinum Triangle Coming Back to Life

Once a casualty of the housing downturn, the Platinum Triangle in Anaheim is showing signs of renewed activity. With 1,920 units currently completed and another 1,038 under construction as of