Cypress Grove Residential Project

The Cypress Grove Residential Project, managed by the City of Tustin, involves the demolition of the Tustin Financial Plaza office complex and the redevelopment of an 8.54-acre site into a 145-unit for-sale residential condominium community. Located at the intersection of Prospect Avenue and 17th Street, the project requires a zone change from Planned Community Business Park to Planned Community Residential, approval of a Vesting Tentative Tract Map, and Design Review. The scope of work includes site preparation, grading, building construction, paving, and architectural coating, with a goal of creating a walkable and bikeable environment consistent with the local General Plan. The project is subject to extensive environmental review under the California Environmental Quality Act, including a Draft Environmental Impact Report and a Notice of Determination approved in December 2025. Key regulatory findings include the identification of the existing site as eligible for historical designation due to its New Formalism architecture, as well as the requirement for Tier 4 Final construction equipment to mitigate health risks from diesel particulate matter. Construction is scheduled to begin on June 1, 2026, with phases for demolition, grading, and building construction continuing through November 12, 2027. The project must adhere to the City of Tustin Grading Manual, the California Building Code, and a site-specific Stormwater Pollution Prevention Plan.