The Fountain Valley Planning Commission unanimously recommended plans for a proposed 18-acre housing development near Mile Square Regional Park.Euclid + Heil, proposed by Irvine-based Shopoff Realty Investments, would bring 304 market-rate apartments and 83 senior affordable units in a five-level building, plus 36 two-level for-sale triplexes and 183 three-level for-sale townhomes to 16300 Euclid St. in Fountain Valley.
Shopoff Realty is partnering with Lennar Homes and National CORE to bring online the housing project, which would also include pools, parks and game areas.
“As California continues to tackle its housing shortage, we believe the addition of this project and its diverse product mix may benefit the greater community forgenerations to come, offering both for-rent and for-sale product in a supply-constrained market,” Shopoff Chief Executive William Shopoff said in a statement.
Shopoff Realty bought the property near Fountain Valley’s Mile Square Regional Park in 2021 and submitted its plans to the city in January 2024. Grading for the development is slated to begin later this year, with the apartments and affordable housing units to be completed by 2028. The first phase of townhomes and triplexes would open in 2028. Sales would continue through spring 2029.
The project’s consulting team includes Kimley-Horn, AO Architects and Urban Crossroads.Shopoff is well known in Orange County business circles and won the Business Journal’s Businessperson of the Year in the real estate sector f …
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