A proposal to build 151 condos in Foothill Ranch is moving ahead after the Lake Forest City Council gave developer Brookfield Residential approval to begin filing formal applications for city permits.
The developer—one of three currently proposing residential projects in the area— wants to build the residences on a nine-acre parcel bordered by Auto Center Drive, Portola Parkway and Bake Parkway.
Once the location of a Buick, Pontiac and GMC dealership, the developer said that the "Town Centre Residential Project" could house an estimated 436 residents.
Discussion of the project was undertaken as part of a new, two-step approval process recently implemented to fast-track development by allowing the council to gather additional information on such projects before granting a final decision.
Council members expressed concern about traffic in the area with a residential development.
However, Brookfield's vice president of land entitlement, Dave Bartlett, told the council that the project should get the go-ahead because the company's study shows that a residential development would result in 60 percent less traffic than if it were used under its current commercial zoning.
Talks about the project were accompanied by references to another residential project, proposed by Trumark Companies.
James O'Malley, with Trumark, said Tuesday evening that the two developers are proponents of each others' interests.
Brookfield and Trumark Co., which intends to build 75 single-family homes on a seven-acre site previously home to Foothill Ranch Chevrolet, are both looking for zoning changes of the land from commercial to residential.
As per a Dec. 6 City Council request, Trumark is in the process of providing the city with additional information regarding its proposal, such as potential traffic impacts.
The third developer planning a residential development in the area is the Baker family, which has proposed constructing apartments on a 30-acre site adjacent to the .