Slowing home sales aren’t dampening interest in building high-rise condominium towers near John Wayne Airport.
A couple of planned projects targeted for industrial land along Jamboree Road in Irvine would raise the number of condo towers built or planned for Irvine to 13.
The latest proposals include a pair of high-rises at the corner of Jamboree and Dupont roads. The 7.5-acre industrial site once housed a medical device unit of Tyco International Ltd.
Irvine-based consultant Starpointe Ventures is handling the zoning process for an undisclosed developer. Irvine Planning Department officials said they’re in the early stages of reviewing the plans.
The proposed towers would be 14 stories each, holding a total of 220 homes, according to preliminary plans.
Along with the towers, the former Tyco site could hold 20 two-story townhomes, 24 live-work units, 190,000 square feet of office space and 55,145 square feet of shops, including a grocery store, according to plans.
The site is just down the road from Opus West Corp.’s three-tower condo project at Campus Drive and Jamboree.
The Tyco redevelopment site is across the street from the Irvine campus of Allergan Inc. The drug maker is one of several companies in the area that have raised concerns about putting residents next to plants and warehouses.
For more on this story, see the July 3 issue of the Business Journal.
