City of Tustin Approves Entitlements for Kingsbarn’s Cypress Grove Residential Community

The community is being designed to serve first-time homebuyers and first-time move-up buyers, with pricing expected to be positioned at market-rate levels.

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**Tustin, California – April 14, 2026   —** Kingsbarn Capital & Development announced today that the City of Tustin has approved the entitlements for Cypress Grove, a new for-sale residential community planned in Tustin, California. The approval marks a key milestone as Kingsbarn advances the project toward construction and the delivery of much-needed homeownership opportunities in the local housing market.

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Cypress Grove will include 145 market-rate homes, comprised of 62 three-story single-family homes and 83 three-story town homes. The community will feature a variety of architectural styles. The townhomes will be in the Spanish architectural style. The single-family detached homes will consist of Farmhouse, Craftsman, and Abstract Traditional styles. A one-quarter acre recreational park is planned as a central amenity within the neighborhood.

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![Image](https://docs.kingsbarn.com/images/news/CypressGroveSitePlan.jpg)
*Above: Site Plan - Cypress Grove Residential Community*

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The project supports the City of Tustin’s Strategic Plan: Economic and Neighborhood Development by enabling the redevelopment of an underutilized office complex into a walkable residential community that will help address the region’s housing demand while supporting nearby businesses and services. The redevelopment also aligns with the City’s objective of maintaining a well-balanced land use pattern that accommodates housing, commercial and industrial uses, open space, and community facilities while sustaining a healthy and diversified local economy.

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“Today’s approval reflects the City of Tustin’s thoughtful approach to enabling housing that aligns with local needs while delivering meaningful community benefits,” said John Stack, Vice President and Development Manager at Kingsbarn Capital & Development. “Cypress Grove will be a high-quality neighborhood with a mix of home types, community green spaces, and energy-efficient features that support long-term livability.”

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The City of Tustin is expected to receive approximately eight times more property tax revenue from the proposed residential development than from the site’s current office use, providing additional funding for the City’s General Fund to support public safety, parks, street improvements, and other community amenities.

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The development is planned to provide more than 46,000 square feet of open park space within the community, as well as approximately 41,000 square feet of landscaped paseos, courtyards, and pedestrian-oriented open space, creating a walkable environment for residents and enhancing the overall neighborhood character.

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Construction is currently anticipated to begin in Summer 2026.

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**About Kingsbarn Realty Capital**\
Kingsbarn Realty Capital, parent company of Kingsbarn Capital & Development, is a real estate-centric investment house that provides institutional and accredited private investors access to an array of alternative investments. Kingsbarn offers investments in private equity, exchange traded funds, traditional investment funds, private capital, managed accounts and Delaware Statutory Trusts (DSTs). Additionally, Kingsbarn’s management team has wide-ranging experience developing, managing, operating, and sponsoring a diversified portfolio of stabilized, income-driven properties as well as ground-up construction, value-added offerings, opportunity zone investments, and entitlement projects. Kingsbarn has over $2.7 billion of assets under management and has acquired over 325 properties throughout the United States. The company currently has a development pipeline of over $2 billion consisting of multifamily, student housing, medical, industrial, retail, and hospitality. For further information, visit   [www.kingsbarn.com](https://www.kingsbarn.com)

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**Kingsbarn Media Contacts:** \
Emma Williams & Holly Silvestri \
The Ferraro Group \
(702) 367-7771 \
[emma@theferrarogroup.com](mailto:emma@theferrarogroup.com) \
[holly@theferrarogroup.com](mailto:holly@theferrarogroup.com)

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City of Tustin Approves Entitlements for Kingsbarn’s Cypress Grove Residential Community

The community is being designed to serve first-time homebuyers and first-time move-up buyers, with pricing expected to be positioned at market-rate levels.

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