therealdeal.com
4 months agoIrvine Company Replaces Plans for OC Offices With Homes
The Irvine Company is changing its plans for Academy Point and will now build a 1,200-unit apartment complex instead of a life science office complex.
The shift in plans is due to the decline in office values and the booming multifamily market.
The Irvine Company aims to build housing near workforce hubs and it would be the first housing built at its UCI Research Park. [ more ]