The Irvine Company is in talks with the city of Irvine on a sweeping plan to add 6,000 homes, condominiums and apartments around the Irvine Spectrum.
The projects would cut the Irvine Co.’s allotment to build commercial space in the area by 3.4 million square feet.
The plan could lead to the relocation of two of the county’s entertainment venues next to the Spectrum: Verizon Wireless Amphitheater and Wild Rivers, city officials said.
The key point of the Irvine Co.’s plan is to develop 3,700 houses, condominiums and apartments directly across from the Spectrum, west of Irvine Center Drive and southeast of the San Diego (I-405) Freeway.
Its plans are for a 600-acre swath of land, which currently includes the amphitheater and water park as well as open space.
Wild Rivers has talked with Miami-based homebuilder Lennar Corp. about moving to the former El Toro Marine base, according to a source.
For more on this story, see the Sept. 12 edition of the Business Journal.
