Menifee officials and two Newport Beach firms recently dug the first shovels into what will become Legado, a master-planned community with 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 the usual amenities such as a pool and rec center and a 13-acre public park with a community center and sports fields.
A mixed-use commercial center near the I-215 freeway will feature 20 acres of shopping and businesses.
“Legado’s official groundbreaking event marks an exciting new chapter in Menifee’s advancement 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 the summer of 2026. Residential home sales are expected to begin in the spring of 2024.
Anaheim-based Outside the Lines ventured to Irving, Texas, to work on the centerpiece fountain at Williams Square Mustang Plaza. (Courtesy of OTL)
OTL pivots to Dallas for Mustang Plaza revival
It’s not every day you get to put new hoof nozzles on bronze ponies prancing in water.
This was just one part of an extensive renovation of a 40-year-old centerpiece fountain in Irving, Texas.
Anaheim-based Outside the Lines was part of a multi-firm project tasked with rejuvenating the waterworks in Williams Square Mustang Plaza.
The company, collaborating with SWA Group’s Dallas office and Structure Tone Southwest, updated much of the unseen systems that live below the fountain and its nine bronze mustangs.
OTL, which specializes in unique water features, renovated the fountain’s equipment room, removing existing plumbing and electrical, building updated pumps, controls and treatment systems. In updating the water system, OTL also had to install newly made hoof nozzles all while preserving the Mustangs’ iconic splash.
“We were able to go back to the original designer of the hoof nozzles, Dan Ricciardi, in order to have accurate new nozzles fabricated,” said Barry Caylor, an executive with OTL. “They were made to be adjustable to create the desired splash effect. Receiving the nozzles from the original designer after 40 years exemplified the dedication of everyone involved in the project.”
The fountain, originally designed by SWA Dallas and built in 1983, is at the center of The Towers at Williams Square in Las Colinas.
New venture lands in Surf City
Doma, a real estate technology company, has opened a branch 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 owners and buyers, mortgage lenders, title agents and real estate professionals.
For more information, go to doma.com or email Mirtys Rodriguez at TeamMirtys@doma.com.
Building Block Foundation Fund will hold its White Party on Sept. 15 at the Noguchi sculpture garden in Costa Mesa.
Proceeds from sponsorship and ticket sales raise funds for local charities including Project Access, Boys Hope Girls Hope, Everfree, Joyful Child Foundation, Kidworks, Orangewood Children’s Foundation, and Taller San Jose Hope Builders.
The Bascom Group is the title sponsor this year, and the local band Tijuana Dogs is headling.
BBFF is a nonprofit that connects the commercial real estate industry to local charities, raising thousands of dollars at its White Party to support groups that help at-risk youth.
Tickets are now on sale at buildingblockfoundationfund.org/event/2022-white-party. Sponsorship opportunities are available. .
David Shin has been promoted to director of asset management and director of environmental, social and corporate governance at the Brea office of Interstate Equities Corporation. (Courtesy of IEC)
On the move
David Shin has been promoted to director of asset management and director of environmental, social and corporate governance at the Brea office of Interstate Equities Corporation. Shin previously served as the IEC’s vice president of asset management.
Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at firstname.lastname@example.org. Please allow at least a week for publication. All items are subject to editing for clarity and length.