"We are excited to be part of the new Irvine complex which will become a major destination for youth hockey and another shining example of the progress being made to deliver the Orange County Great Park as promised," said Emile Haddad, Chairman and CEO of FivePoint. "We are proud to put our name on a facility that will become an anchor for one of the largest sports parks in the nation. It's an exciting moment for Irvine and all of Orange County."
FivePoint through its partnership with Heritage Fields El Toro, LLC, is developing a mix of residential, educational, recreational and future commercial across 2,100 acres around the Orange County Great Park in Irvine. As part of its agreement with the City of Irvine, FivePoint is spending up to $250 million to develop 688 acres of the Great Park, including the Irvine Sports Park with a 2,500-seat soccer stadium, tennis courts, separate baseball and softball complexes, sand volleyball courts and flex fields for rugby, lacrosse and cricket. The first phase of this 175-acre sports facility is set to open later this summer and it will be one of the largest in the nation.
"We are excited to have FivePoint as a partner of the brand new state-of-the-art Ice and Sports Complex in the Irvine Great Park," said Michael Schulman. "FivePoint has been an essential part of the development of the Great Park and continues to support community assets that have established the area as a destination for recreation and sports. Ice hockey participation in Orange County, including youth, high school and adult, has seen exponential growth in just the past few years and we are happy to provide a new resources that will help meet the growing need for ice time in the area."
The Orange County Great Park spans approximately 1,300 acres and embraces recreation, competitive sports and parkland. Already one of Orange County's more well-known landmarks, the wide variety of park amenities aims to please residents and visitors of all-ages and continues to develop. The new location at the Great Park will perfectly complement the 175-acre multi-sports parks, creating the premier recreational and competitive location in Orange County. The first phase of the sports park is set to debut later this summer with completion of the full park in late 2018.
ABOUT FIVEPOINT
Spanning the state from Southern California to the San Francisco Bay Area, FivePoint Holdings, LLC is the largest owner and developer of mixed-use, master planned communities in coastal California based on the total number of residential home sites permitted under existing entitled zoning. FivePoint, based in Aliso Viejo, has major real estate holdings and developments in three of the most dynamic and supply-constrained markets along the California coast: Orange County, Los Angeles County and San Francisco County. For additional information, visit www.fivepoint.com.
