The Ocean Road project is now in development: plans for up to 540 housing units with an approximate mix of 180 for-sale townhomes and 360 rental housing units prioritized for faculty and staff on a 16.7-acre area located along the southwestern perimeter of the UCSB Main Campus and adjacent to the Isla Vista community.
The project is envisioned as a two-phase project:
- Phase 1 would construct roughly 1/3 of the units, intended to be 180 for-sale housing units
- Phase 2 would construct the remaining 2/3 of the units 360 rental units following the construction of a new Student Health Center
Phase 1 is expected to be completed in the 2024-25 timeframe.
Presentations:
- UCSB Ocean Road Project Update Presentation - January 18, 2022
Current Status and Timeline:
- We are working with our developer partner team led by Greystar
- We are currently engaged in feasibility studies and infrastructure routing
- We are planning to go to the Regents in May to seek approval of the business terms for our partnership with Greystar - such reviews are typically held in closed session at the Regents
- Following Regental approval, we will proceed with CEQA (California Environmental Quality Act) review, and then follow with Regents' approval of CEQA and design
