Scoring Newport Beach Bingo
January 19, 2018 – The Real Deal - Kavita Daswani
Luxury homes are hot in the ritzy Orange County enclave, but experts urge sellers to exercise caution.
“…Meanwhile, on the commercial side, proposed projects are moving along, helped in part by the activity in the residential market.
National general contracting and construction management firm R.D. Olson Construction, based in Irvine, is building the luxury Lido House Hotel in Newport Beach. The hotel, on the site of the former City Hall, is part of Marriott International’s Autograph brand.
Slated to open in the spring of 2018, the 103,000-square-foot, four-story, 130-room hotel is located close to the Lido Marina Village, a shopping and entertainment center, which itself underwent a renovation last year. Developed by DJM Capital Partners, the 116,000-square-foot retail, dining and creative office project now houses trendy eateries such as Nobu and fashion brands such as Elyse Walker and Warby Parker in addition to a 47-slip marina. “