“Curated” and “boutique” shops, along with a reconfigured marina are part of the plans for the new owners of the Newport Beach center.
Lindsay Parton, president of DJM Capital which purchased the office, restaurant and shopping center last spring, gave a presentation to City Council members during a study session Tuesday, outlining the company’s plan to keep the current buildings intact, but upgrade the property.
“We want to change the character of Lido Marina Village, fully renovating the buildings and the marina,” Parton said, mentioning a “California contemporary look.”
Improvements would include new signage and façade work on the parking structure – long considered the ugly duckling of the property – upgraded building exteriors and interiors, new decking to extend from the marina onto the streets and landscaping improvements.
In total, the center features 57,143 square feet of retail space, 43,495 square feet of office space and 22,160 square feet of space for restaurants.
Even with its waterfront location, the center has been maligned in recent years, changing owners multiple times while little renovation work has been done. But Parton pointed to DJM Capital’s recent success at transforming the languishing Huntington Center Mall into the popular Bella Terra shopping center as its goal for Lido Marina Village.
According to Parton, the company does not plan to demolish, expand or change the land use designations at Lido Marina Village, but will be expanding the promenade along the property’s waterfront for better public access, and reconfiguring the marina to hold larger boats.
While much of the landside improvements can begin with the city’s approval at the staff level, the marina reconfiguration and waterfront promenade will both require review by the city’s Harbor Commission, and could require California Coastal Commission approval.
Newport Beach community development director Kim Brandt said DJM Capital also has plans to submit a conditional use permit for shared use in the site’s parking structure that would require review by the Planning Commission.
Currently, the marina holds many of the harbor’s larger charter vessels, or “party boats,” and also contains boat rental companies for Duffys, kayaks and gondolas.
“It’s a bit of a hodgepodge down there right now,” Parton said. “It’s supposed to hold about 47 boats, but it’s holding about 90 right now.”
The new configuration would contain slips primarily for boats in the 80- to 100-foot range, with space for a public dinghy dock for boaters looking to visit the shops and restaurants by water.
DJM Capital also purchased the lease for the building that once housed the famous, but long-shuttered tiki-style restaurant, The Warehouse at 3450 Via Oporto. Parton said more than a half-dozen restaurants have inquired about leasing the vacant 11,750-square-foot waterfront location.
With no land use or entitlement changes to the property, Newport Beach Mayor Rush Hill said he expected the company to be able to begin work on Lido Marina Village, and Parton said the company is ready to begin painting as soon as possible.