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SOUTH COAST PLAZA (2)
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SOUTH COAST PLAZA (2)
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Last modified
1/14/2026 10:21:45 AM
Creation date
12/9/2025 9:01:13 AM
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Contracts
Company Name
SOUTH COAST PLAZA
Contract #
A-2025-192
Agency
Planning & Building
Council Approval Date
10/7/2025
Expiration Date
11/6/2045
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(a) Development and construction progress of the following uses and Project <br />components: <br />(i) <br />Site development <br />(ii) <br />Public infrastructure, <br />(iii) <br />Project design features, <br />(iv) <br />Community benefits, <br />(v) <br />Plaza, <br />(vi) <br />Residential, <br />(vii) <br />Commercial, <br />(viii) <br />Office <br />(ix) <br />Parking <br />(x) <br />Philanthropic activities (education, culture, arts) <br />(b) Reporting for items listed in Section 6.1.2(a) shall be include a table <br />substantially similar to the following: <br />An example of a compliance report for site development and can be applied to other above criteria and metrics. <br />Reporting Period: 2026 —1 st Report <br />Year 1 of 20 of Agreement <br />Use <br />Approved <br />Total <br />Cumulative <br />Remaining to <br />Status & Look Ahead <br />SF/Units/Rooms <br />Completed In <br />Total <br />Be <br />Period <br />Completed <br />Completed <br />Residential <br />1,583 <br />100 <br />200 <br />1,383 <br />On target with 300 to be <br />completed in the next period <br />Commercial <br />380,000 <br />150,000 <br />150,000 <br />230,000 <br />150k completed for Tenant X. <br />New <br />20-Year lease. <br />Retail <br />80,000 <br />50,000 <br />50,000 <br />30,000 <br />Negotiating with Tenant Y for a <br />Office <br />300,000 <br />100,000 <br />100,000 <br />200,000 <br />15 year lease. <br />(c) Progress relative to economic projections of: <br />(i) Increases in property tax, <br />(ii) Property Tax In -Lieu of VLF received by the City, <br />(iii) Sales tax received from the Project, <br />(iv) Business tax received from the Project, <br />
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