Shopoff Realty's Euclid + Heil Project Gains Approval for New Housing Development
On July 10, 2025, Shopoff Realty Investments proudly announced its recent victory in securing unanimous approval from the Fountain Valley Planning Commission for the ambitious Euclid + Heil residential development project. Spanning across 18 acres, this transformative project is poised to address California's pressing housing crisis by providing a variety of living options to the community, which includes both rental and ownership opportunities.
William A. Shopoff, President and CEO of Shopoff Realty Investments, expressed his recognition of the importance of this initiative, stating that integrating diverse housing solutions into an established community is vital. He emphasized their appreciation for the collaboration with local officials, residents, and supporters throughout the planning process. This unanimous approval paves the way for Shopoff Realty to transition into the essential development phase alongside their trusted partners.
Strategically located just east of the popular Mile Square Park and in close proximity to Interstate 405, the Euclid + Heil project is expected to become a vibrant and inclusive neighborhood. The development plans call for an impressive array of housing options that include 304 market-rate apartment units, 83 affordable units for seniors, 36 two-story triplex homes for sale, and 183 three-story townhomes. Additionally, community-oriented facilities such as playgrounds, grilling stations, swimming pools, and parks will be integrated into the design, promoting a sense of community and well-being.
In collaboration with partners like Lennar and National CORE, Shopoff Realty is determined to fulfill both market and affordable housing needs within the Fountain Valley community. Alexa Washburn, Chief Development Officer of National CORE, highlighted the importance of their project in providing a well-rounded spectrum of housing types to promote balanced community growth. She expressed excitement about the partnership with Shopoff Realty and Lennar Homes, reiterating their commitment to developing a welcoming environment for all.
After acquiring the land for the project in 2021, Shopoff Realty took deliberate steps to engage with the Fountain Valley community in meaningful dialogues about the project’s vision. By January 2024, the company had submitted a detailed entitlement package that would allow them to move forward with their plans. Following the successful approval, Shopoff and Lennar anticipate commencing site grading by late 2025, with an expected completion date for the market-rate apartments and affordable senior housing by summer 2028. The completion for the for-sale homes will occur in multiple phases, culminating in spring 2029.
This positive step for the Euclid + Heil project reflects not only the dedication of Shopoff Realty Investments but also highlights the shared effort required to tackle California's housing challenges head-on. By working collaboratively with various stakeholders throughout the entire process, the company aims to deliver an exceptional residential community that can benefit Fountain Valley for many years.
For more details on the Euclid + Heil Project, please visit their official website at www.EuclidandHeil.com.
Shopoff Realty Investments, based in Irvine, California, boasts a legacy of over 33 years in real estate investment, focusing primarily on enhancing property value through redevelopment, repositioning, and land entitlement. Their history includes operating under various names, and they are recognized for their proactive investment strategies aimed at generating asset appreciation. For more information, explore their website at www.shopoff.com or contact them at (844) 4-SHOPOFF.
Disclaimer: This is not an offering of securities and should not be construed as such. Any investor interested should consult the offering memorandum and be aware of the inherent risks associated with such investments.
William A. Shopoff, President and CEO of Shopoff Realty Investments, expressed his recognition of the importance of this initiative, stating that integrating diverse housing solutions into an established community is vital. He emphasized their appreciation for the collaboration with local officials, residents, and supporters throughout the planning process. This unanimous approval paves the way for Shopoff Realty to transition into the essential development phase alongside their trusted partners.
Strategically located just east of the popular Mile Square Park and in close proximity to Interstate 405, the Euclid + Heil project is expected to become a vibrant and inclusive neighborhood. The development plans call for an impressive array of housing options that include 304 market-rate apartment units, 83 affordable units for seniors, 36 two-story triplex homes for sale, and 183 three-story townhomes. Additionally, community-oriented facilities such as playgrounds, grilling stations, swimming pools, and parks will be integrated into the design, promoting a sense of community and well-being.
In collaboration with partners like Lennar and National CORE, Shopoff Realty is determined to fulfill both market and affordable housing needs within the Fountain Valley community. Alexa Washburn, Chief Development Officer of National CORE, highlighted the importance of their project in providing a well-rounded spectrum of housing types to promote balanced community growth. She expressed excitement about the partnership with Shopoff Realty and Lennar Homes, reiterating their commitment to developing a welcoming environment for all.
After acquiring the land for the project in 2021, Shopoff Realty took deliberate steps to engage with the Fountain Valley community in meaningful dialogues about the project’s vision. By January 2024, the company had submitted a detailed entitlement package that would allow them to move forward with their plans. Following the successful approval, Shopoff and Lennar anticipate commencing site grading by late 2025, with an expected completion date for the market-rate apartments and affordable senior housing by summer 2028. The completion for the for-sale homes will occur in multiple phases, culminating in spring 2029.
This positive step for the Euclid + Heil project reflects not only the dedication of Shopoff Realty Investments but also highlights the shared effort required to tackle California's housing challenges head-on. By working collaboratively with various stakeholders throughout the entire process, the company aims to deliver an exceptional residential community that can benefit Fountain Valley for many years.
For more details on the Euclid + Heil Project, please visit their official website at www.EuclidandHeil.com.
About Shopoff Realty Investments
Shopoff Realty Investments, based in Irvine, California, boasts a legacy of over 33 years in real estate investment, focusing primarily on enhancing property value through redevelopment, repositioning, and land entitlement. Their history includes operating under various names, and they are recognized for their proactive investment strategies aimed at generating asset appreciation. For more information, explore their website at www.shopoff.com or contact them at (844) 4-SHOPOFF.
Disclaimer: This is not an offering of securities and should not be construed as such. Any investor interested should consult the offering memorandum and be aware of the inherent risks associated with such investments.
Topics Consumer Products & Retail）
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