Along the Coast: Business news you can use

Wild rivers seeks irvine’s ok


If negotiations with the city of Irvine go as planned, a new Wild Rivers Water Park will come to Irvine. The former, highly popular Wild Rivers was closed in 2011 when the firm’s land lease with the Irvine Co. expired. The site near the Irvine Spectrum,
adjacent to the also-closed Irvine Meadows Amphitheatre, is now home to the Los Olivos Apartments.

For the new Wild Rivers, the firm is considering a 30-acre site in the Orange County Great Park to be leased from Irvine. Wild Rivers would invest $50 million to create a water wonderland including waterslides, a wave pool, a coaster, a lazy river, river rapids and water play stations for toddlers. Plans are to open the water park in May 2019.

Pop-up at ANQi


Helene An’s flagship restaurant, Crustacean in Beverly Hills, recently closed for a massive remodel. But lovers of its legendary roasted crab will delight to learn that this summer the An family will host an exclusive pop-up Crustacean experience at AnQi, South Coast Plaza.

Starting on July 17, diners may order from a special ∫ la carte weekday dinner menu served in the Q Lounge. Dishes include a variety of Crustacean’s seafood offerings such as garlic prawns, whole lobster and turmeric-crusted Chilean sea bass. Reservations are necessary since chef Helene An herself will cook each of the dinners in the restaurant’s secret kitchen.

Rezoning for 55+ housing

An increasing demand for “age-qualified” residential villages, typically restricted to home purchasers over 55, has spurred William Lyon Homes, Newport Beach, to acquire a 28-acre infill site in Cypress for a reported $55 million to develop an active adult community.

Originally designated for industrial use, the rezoned site on Katella Avenue near the Los Alamitos Race Course is planned for 244 single-family homes from 1,400 to 2,500 square feet. When the site was rezoned for residential use, it was known as Barton Place, a designation Lyon might retain. Models in the gated community are planned to open in spring 2018.

Hoag to add physical rehab unit


Last year, Hoag Hospital Newport Beach, discharged more than 400 patients requiring rehabilitation care to rehab facilities throughout Orange County. Hoag administrators well understood that patients recovering from stroke, brain tumor surgery, spine surgery and other conditions require special post-hospital care and attempted to suggest the best possible facilities.

But beginning in mid-2018, rehab patients will have a new choice – to remain in Hoag Hospital itself. With a generous gift by former patient Gary Fudge, Hoag will convert an unused portion of the third floor in the hospital’s North Tower into the Fudge Family Acute Rehabilitation Center. Thus, patients admitted to the Fudge Center will not have to leave the confines of the hospital for what Hoag describes as a “streamlined and comprehensive continuum of care.”



Goodbye Ugly Smokestacks?


For 50 years, motorists along Pacific Coast Highway in Huntington Beach have seen an industrial landmark, the AES Huntington Beach power plant with its smokestacks and grid of pipework. After being a somewhat unsightly landmark for a half century, change is coming.

The California Energy Commission, following earlier approval by the California Coastal Commission, has given the green light for replacement of the plant by a “cleaner, shorter, more efficient and more attractive” facility according to owner AES Southland.

The current plant was constructed from 1958 to 1967 by Southern California Edison and sold to AES in 1998. Plans for a new facility were spurred by a regulation that limits the use of sea water, used to help power the plant’s huge boilers. The new facility will use air-cooled condensers and half the fuel.

Demolition of the existing plant will begin this year, and the first half of the new plant is planned to go online in May 2020.


Altair Advances 


Altair is coming. Toll Bros. and Lennar Corp. are developing this new 278-acre, 840-home residential community in Irvine adjacent to the Great Park. The duo acquired the 278 acres for $472 million from landowner FivePoint Communities, which is developing a series of its own residential villages surrounding the Great Park.

Altair will consist of 10 new neighborhoods of luxury homes, four developed by Toll Bros. and six by Lennar. The gated community will include two resort-style recreation centers, The Club and The Terraces, with swimming pools, tennis courts and bocce courts.

Luxury homes in Toll’s four residential neighborhoods will range from 4,300 to 5,400 square feet, while homes in Lennar’s six neighborhoods will range from 2,542 to 3,798 square feet. Model homes are scheduled to open this fall.



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