NEWPORT BEACH, CA-The Newport Beach City Council has approved plans for Mariner's Pointe, a mixed-use project on one of the most prominent corners of the city's Mariner's Mile that will include retail and restaurant space designed by Stoutenborough Inc. Architects and Planners. The property is owned by brother and sister, Glenn and Eva Verdult, who will locate their Winston's Jewelry store along with high-end retail and restaurants on the site, according to an announcement about the development from Stoutenborough.

The project is being developed by Ridgeway Development, also from Newport Beach. Tod Ridgeway says of the project that it has been in the works for a year and a half and will represent "revitalization" and "a renaissance for Mariner's Mile."

The 20,000-square-foot project will feature a three-level parking facility, "providing the look and feel of a Mediterranean village," according to Stoutenborough. The firm's announcement adds, "The project will create a high-quality destination on what is now an area of disrepair and brings a welcome identity to a location that has been debated for more than 15 years."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.