Menifee officials and two Newport Beach companies recently dug the first shovels into what will become Legado, a master-planned community of 1,000 new homes.
IHP Capital Partners and Newport Pacific Land traveled to the Inland Empire to break ground on the 330-acre community, which will also include standard amenities such as a pool and recreation center, and a 13-acre public park with a community center and athletic fields.
A mixed-use mall near the I-215 freeway will encompass 50 acres of shopping and retail.
“Legado’s official landmark event marks an exciting new chapter in Menifee’s evolution as one of the fastest growing cities in California,” said Eric Koff, senior vice president of IHP Capital Partners.
Construction of Legado is expected to be completed by summer 2026. Residential property sales are expected to begin in spring 2024.
Anaheim-based Outside the Lines ventured to Irving, Texas to work on the central fountain at Williams Square’s Mustang Plaza. (Courtesy of OTL)
OTL moves to Dallas for Mustang Plaza revitalization
It’s not every day that bronze ponies that are prancing in the water are fitted with new hoof nozzles.
This was just part of a major renovation of a 40-year-old fountain in Irving, Texas.
Anaheim-based Outside the Lines was part of a multi-company project tasked with rejuvenating the waterworks at Williams Square’s Mustang Plaza.
The company, in conjunction with SWA Group’s Dallas office and Structure Tone Southwest, has updated much of the unseen systems that live beneath the fountain and its nine bronze mustangs.
OTL, which specializes in unique water features, renovated the fountain’s equipment room, removed existing plumbing and electrical work, and built updated pumps, controls, and treatment systems. In the process of updating the water system, OTL also had to install newly manufactured hoof nozzles while retaining the mustangs’ iconic splash.
“We were able to tap into the original designer of the hoof nozzles, Dan Ricciardi, to have new nozzles made with precision,” said Barry Caylor, an OTL executive. “They were designed to be adjustable to create the desired splash effect. Retaining the nozzles from the original designer after 40 years is an example of the dedication of everyone involved in the project.”
Originally designed by SWA Dallas and built in 1983, the fountain is located at the center of The Towers in Williams Square in Las Colinas.
New company lands in Surf City
Doma, a real estate technology company, has opened an office at 7777 Center St., Suite 495 in Huntington Beach.
The San Francisco-based company touts a system that uses machine intelligence technology to create “a simple and affordable experience” for all parties involved in residential real estate transactions, including homeowners and buyers, mortgage lenders, title agents and real estate professionals.
For more information, visit doma.com or email Mirtys Rodriguez at [email protected]
The Building Block Foundation Fund is hosting its White Party on September 15th at the Noguchi Sculpture Garden in Costa Mesa.
Proceeds from sponsorships and ticket sales benefit local charities including Project Access, Boys Hope Girls Hope, Everfree, Joyful Child Foundation, Kidworks, Orangewood Children’s Foundation and Taller San Jose Hope Builders.
Bascom Group is the title sponsor this year, and local band Tijuana Dogs are the headliners.
BBFF is a nonprofit that connects the commercial real estate industry with local charities and raises thousands of dollars at its White Party to support groups helping at-risk youth.
Tickets are available now at buildingblockfoundationfund.org/event/2022-white-party. Funding opportunities are available. .
David Shin has been promoted to Director of Asset Management and Director of Environmental, Social and Corporate Governance in the Brea office of Interstate Equities Corporation. (Courtesy of IEC)
David Shin has been promoted to Director of Asset Management and Director of Environmental, Social and Corporate Governance in the Brea office of Interstate Equities Corporation. Shin previously served as Vice President of Asset Management at IEC.
Real estate transactions, leases and new projects, industry hiring, new ventures, and upcoming events are compiled from news releases by contributing author Karen Levin. Email articles and high-resolution photos to Business Editor Samantha Gowen at [email protected] Please allow at least a week for publication. All elements are editable for clarity and length.