A prime pocket of real estate, smack in the middle of Orange County, was halfway built out when the recession hit.
Developer Shea Homes bailed in 2010. That left Tustin Legacy — spread over 1,584 acres that were once part of Tustin Marine Corps Air Station — a jarring mix of tightly packed homes and open fields, modern retail and aging military installations.
After five years of planning, infrastructure work and construction, the second half of Tustin Legacy will finally start to welcome its first residents in 2015.
“I’d say the next two to three years are going to be very busy out there,” City Manager Jeff Parker said. “And we’re very happy about that.”
The first residents moved in over the weekend at Anton Legacy, a 225-unit apartment complex across from The District shopping center. The entire complex should be open by mid-April, company CFO Trisha Malone said, with 60 income-restricted units still available for lease.
Amalfi Apartments should finish construction of its 533-unit complex in the spring. Irvine Co. is building the luxury apartments east of Tustin Ranch Road, adjacent to The District, and spokesman Bill Rams with Cornerstone Communications said leasing is strong.
Standard Pacific and its partner builders are also making progress on Greenwood, a 375-home community that marks the first single-family homes to be built at Tustin Legacy in three years. Details are trickling out about spacious floor plans and pricing for Greenwood’s four neighborhoods, with model homes expected to open in April and first residents moving in this summer.