The Building Industry in 2013
Wow, what a busy year it has been for the building industry. It's just incredible how many new tracks and parcel maps have been recorded this year. Hundreds of new homes, condos, apartments, office buildings, hotels, and retail centers are in various stages of completion in nearly every city in Orange County. With all this growth we are also seeing a big increase in public works projects, road improvements, and revitalization of our water production and recycling facilities.
These are just a small sampling of what’s been happening in the Great O.C.:
- Sendero, the largest housing development (or new city) located off Ortega Hwy is progressing and residents are already moving in, with Phase II on the way.
- The Irvine Ranch Water District is currently building a Biosolids project at the Michelson Water Recycling Plant (MWRP) and will begin the Baker Water Treatment plant soon.
- The City of Newport Beach has begun construction of the Marina Park Project on the Balboa Peninsula consisting of a sailing center, new guest docks and a bay side park.
- The long awaited revitalization of Dana Point Harbor has been approved and will begin soon with completion expected by the end of 2015.
- The Plaza San Clemente Outlet, owned by Craig Realty Group is nearing final approval, and will be Orange County’s first outlet mall.
- Old dilapidated homes are being demolished daily and being replaced by new “Green Eco-friendly” custom homes and condominiums.
These are exciting times to be sure, and from what I see the trend in building will surely continue in the years to come.
Look for a full report on the 2013 building boom in our January blog.