Plans for more housing near John Wayne Airport are moving forward, even as city officials continue to debate zoning issues and development fees for the area long known for its offices, plants and warehouses.
Newport Beach-based Greenlaw Partners LLC, a real estate investor and developer, is the latest to get in on the action in the area known as the Irvine Business Complex.
Greenlaw is a financial partner and the recent owner of land for a high profile, 18-acre site that’s sandwiched between Jamboree Road and Bardeen Avenue, along Campus Drive.
Greenlaw, along with consulting firm Starpointe Ventures of Irvine, has submitted initial plans to the city for up to 1,000 homes on the site, now known as Irvine Technology Center.
Also on tap are 120,000 square feet of offices and 15,000 square feet of shops on the land.
The existing 18-acre site has 11 office and industrial buildings ranging from 12,000 to 53,000 square feet.
Tenants include medical testing company US Labs Inc., landscape architects EDAW Inc. and art supply store Sterling Art. The businesses eventually would have to move if the redevelopment plan is approved and comes to fruition.
The Greenlaw project is the second-largest development by acreage proposed for the Irvine Business Complex. The area counts close to 4,200 businesses. Some 15,000 condos, townhomes and apartments are slated for the area.
Lennar Corp.’s Central Park West project along Michelson Drive is by far the largest in the area, just a few blocks away. The development is in the early stages of construction.
Central Park West, spread across 43 acres, is expected to include 1,380 homes, 90,000 square feet of office space and 19,700 square feet of stores.
For more on this story, see the July 17 edition of the Business Journal.
