Count another developer with a high-rise housing vision in Irvine,this one with a twist.
Igor Olenicoff, owner of Newport Beach’s Olen Properties Corp., said he plans up to 2,000 apartments in Irvine, including a couple of eight-story towers.
It’s been decades since anyone has built an apartment tower,not condos for sale,in Orange County, and it would be the first for Irvine.
Eleven condominium high-rises are under construction or planned by different developers in Irvine. Each condo tower offers posh units for sale.
Olenicoff controls four apartment sites in Irvine.
The developer plans up to two eight-story buildings at one parcel,1929 Main St. at the intersection with MacArthur Boulevard in Irvine, he said.
“We feel if the market is not here now, it’s coming,” Olenicoff said. “We intend to build all four sites as soon as we can get them approved.”
He may have to wait a while
For more on this story, see the August 1 edition of the Orange County Business Journal.
