The Newport Beach City Council has cleared a key hurdle for TPG Angelo Gordon and Lincoln Property Company to build townhomes near John Wayne Airport. The council unanimously approved plans to demolish two buildings on the Redstone campus at 1200-1300 Dove Street and 4041 MacArthur Boulevard and replace them with 132 for-sale townhomes, the Orange County Business Journal reported. The buildings total roughly 173,000 square feet. The plans come from site owner AG Redstone Owner LP, an affiliate of TPG Angelo Gordon and Lincoln Property Company. The joint venture purchased the Redstone Campus from EQ Office in 2018 for $161 […]
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