New housing developments in Fountain Valley aim to address the local housing crisis.
The Fountain Valley Planning Commission has recommended two significant housing projects, Euclid + Heil and Magnolia, to address California’s housing needs. Euclid + Heil will provide 304 market-rate apartments and senior affordable units, while Magnolia will feature 657 apartments and retail space. These projects are part of a broader strategy to increase housing availability in the city, responding to a state requirement for substantial housing growth by 2029.
Fountain Valley – The Fountain Valley Planning Commission has unanimously recommended two significant housing developments aimed at addressing California’s pressing housing needs. The two projects, Euclid + Heil and Magnolia, are expected to contribute a substantial number of housing units in the city, which is required to add a total of 4,839 homes by 2029 as part of the state’s Regional Housing Needs Assessment.
The first project, Euclid + Heil, is an 18-acre housing development proposed by Irvine-based Shopoff Realty Investments. It will be located at 16300 Euclid St. and consist of:
The property was purchased by Shopoff in 2021, with formal plans submitted to the city in January 2024. Grading for this project is set to begin later this year, with a target completion for the apartments and affordable units by 2028. Townhomes and triplexes are expected to start opening in 2028, with sales anticipated to continue into spring 2029. Shopoff Realty aims to provide diverse housing options to meet the needs of the community within an increasingly constrained market.
The second development, proposed by Holland Partner Group, is located at the former site of the Boomers amusement center at 16800 Magnolia St.. This large-scale project, submitted in March 2024, will include:
Apart from housing, the 6.87-acre site will feature vehicular access between both buildings, multiple courtyards, and a public dog park. Each building will offer various amenities, such as co-working spaces, fitness areas, a pool, spa, lounge areas, and barbecue zones. Additionally, the Magnolia development will incorporate 78 deed-restricted low-income units, constituting 15% of the base housing density. The proposed density amounts to 95.6 units per acre, thanks to the state’s density bonus law. Without the inclusion of affordable housing units, the project would be limited to a maximum of 515 units.
Planning commissioners have already reviewed the Magnolia project in a study session held on May 14, and a public hearing is scheduled for June 11. It is expected to generate 3,138 daily trips and provide 980 parking spaces across two seven-story parking structures, with 916 stalls allocated for residents and 64 for retail guests and public use, primarily designated for service parking.
These new developments contribute to a broader context of growing housing projects in Fountain Valley. Nearby, the Slater Ave Apartments are set to feature 272 units, including 33 low-income affordable units, with completion anticipated by 2027. The Fountain Valley City Council recently passed an ordinance allowing some developments to maximize density to up to 75 units per acre, provided they meet specific criteria. With only two of the initial 11 identified opportunity sites qualifying for the higher density policy—Warner Square and the former Boomers site—these new projects highlight the city’s response to the ongoing housing crisis.
Irvine Named Best City for Renters in Southern California
Little Saigon Celebrates 50 Years of Vietnamese Heritage
Jordan Kirby Announces Candidacy for California’s 72nd Assembly District
James Canfield Appointed New CEO of OC Fair & Event Center
Fire Erupts at Commercial Building in Costa Mesa
13-Unit Multifamily Property Sold in Costa Mesa for Record Price
Steiner Investments Acquires Tesla-Leased Property in Irvine
Newport Beach City Council Meeting Scheduled
Life of Pi Theatrical Experience Now Playing at Segerstrom Hall
Fountain Valley Begins Construction on Slater Ave Apartments
News Summary The city of Westminster has initiated a lawsuit against former police officer Nicole…
News Summary The Annual Festival of Chefs will be hosted at the Newport Beach Country…
News Summary Three men from Texas have been arrested in connection with a vehicle burglary…
News Summary A series of shootings in Santa Ana have resulted in multiple fatalities and…
News Summary The Newport Beach City Council has approved an enhanced School Resource Officer (SRO)…
News Summary Orange County is launching workshops to gather public feedback on improving the election…