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NEWPORT BEACH, CALIF. — Lido Marina Village, a 123,391-square-foot, mixed-use development in Newport Beach has received a $51.4-million loan that will finance its renovation. The village is located at 3400 Via Oporto on Lido Isle.
Lido features retail, restaurant and office space throughout 14 separate structures. It includes prime waterfront boutique and dining space with views of the harbor, along with 47 boat docks and common area space.
Lido Retail Group, an affiliate of DJM Capital Partners, purchased the property from Vornado Realty Trust in an off-market transaction last year. Bridge financing was arranged by Steve Bram and David Pascale of George Smith Partners.