Press Release:

Slater Investments Mixed-Use Project Approved

for Development in Fountain Valley

​

​

Fountain Valley, CA — April 19, 2022 — Slater Investments LLC announced this week it received approval from the City of Fountain Valley to construct Slater Avenue, a new mixed-use development, at the northeast corner of San Mateo Street and Slater Avenue. The project will take approximately two years to construct, said Peggy Tabas, managing member of the Slater Investments team.

           

“We are pleased to see several years of work with the City of Fountain Valley culminate in the approval of the Slater Avenue project,” Tabas said. “The area around our project has evolved as a significant center of employment and providing quality housing close to those jobs will help achieve a better work-life balance for many in the region.”

 

The Slater Avenue project will offer 270 apartments with studio and one-, two-, and three-bedroom floor plans and a variety of luxurious resident amenities. Residents can enjoy roof decks, pools, a fitness and yoga studio, golf simulation room, furnished and landscaped public plazas and gathering places. 

 

The community’s ground-floor commercial component will be open to residents and the public and includes a 5,000 square-foot restaurant with outdoor patio area and walk-up coffee and lunch bar, as well as a 1,660 sq.ft. art gallery. The development will be tree-lined with landscaped setbacks, courtyards, and multiple public seating areas.

 

Orange, Calif.-based AO Architects designed the 3.34-acre Slater Avenue project in a classic architectural style with a pedestrian-level store frontage design, incorporating a mix of stucco, brick, stone, and wood siding finishes and a variety of detail. The four- to five-story building wraps around a five-level, 541-space structured parking facility, which will amply serve residents and tenants.

 

According to Tabas, the city established a new mixed-use zoning to promote land-use compatibility and sustain commercial development in the area while allowing opportunity for residential development to help reach the city-identified RHNA allocation of approximately 4,800 housing units. She added that fifteen percent of the base-unit apartments in the Slater Avenue project will be designated as affordable to low-income households. 

 

Given the success of a popular existing restaurant on the project site, the team recognized that a modern restaurant with indoor and outdoor dining would help further energize the corner of Slater Avenue and San Mateo Street, which is located near the Fountain Valley City Hall and Civic Center.

 

Along with the architect, key project team members for the Slater Avenue project include Irvine-based planning consultant EPD Solutions, MJS Landscape Architects of Newport Beach, and the Irvine-based office of civil engineering firm Huitt-Zollars Inc.

 

The Slater Avenue development was envisioned to maximize the advantages of its location near the 405 freeway, compatible adjacent uses, abundant infrastructure, and more than 8,000 employees working within one mile of the property. Fountain Valley is home to major employers such as Fountain Valley Regional Hospital and Medical Center, Orange Coast Memorial Medical Center, Kingston Technology, and Hyundai’s North American headquarters.