Irvine Co. Opening Laguna Altura Homes Project in Spring | Irvine Real Estate – Irvine Homes for Sale

by Robert Mack on February 18, 2011

in Buyers, Latest News

Newport Beach’s Irvine Company plans to open a housing development in south Irvine near Laguna Canyon this spring.

The planned Laguna Altura gated community is off Laguna Canyon Road near the San Diego (I-405) Freeway, in the hills overlooking the Irvine Spectrum.

The homes are set to be the first in several years developed by Irvine Co. outside its Woodbury, Stonegate and Portola Springs communities near the former El Toro Marine base in northern Irvine.

Groundwork on the Irvine project, previously known as Laguna Crossings, has been under way for some time.

Before sending out marketing material on Wednesday, the developer had been noncommittal about a timeframe for building in the area.

Materials distributed by Irvine Co. now show the project opening this spring, with four neighborhoods planned.

The homes are being built by Irvine Pacific LP, the developer’s recently revamped homebuilding division.

Homes there will run from about $600,000 to more than $1 million, according to the company’s marketing materials.

Irvine Pacific is headed up by Dan Young, president of Irvine Co.’s community development division, which plans and oversees building of homes, parks and shopping centers on company land.

Irvine Co. has been the busiest housing developer here in the past year or so, with more than 850 homes sold at its Woodbury, Woodbury East and Stonegate East projects in Irvine.

If you drive on the 133 near Quail Hill or the 405 towards Laguna Beach, i’m sure you have seen some work being done. I’ve see 3 homes being built there which i’m sure are the model homes…can’t wait to see when that area is complete! Great location…

Posted on Irvine Orange County Real Estate Market News

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