(Read more on the multifamily market.)
IRVINE, CA-The Irvine Co. has completed construction of its31.5-acre Village at Irvine Spectrum Center, a project thatcombines 1,550 apartments and 8,000 sf of retail space in fourdistinct four-story mixed-use districts designed by the locallybased architectural firm of MVE & Partners Inc. The project isat Irvine Center Drive and the 405 Freeway on a site that formerlywas vacant land.
According to MVE president Rick Emsiek, who has overseen thephased completion of the project since 2005, the development wasconceived to offer a variety of residential options for nearly3,000 young professionals who frequent the shops, restaurants andentertainment venues at the neighboring Irvine Spectrum Center. Theapartments include studios, one-bedrooms, two-bedrooms andtownhomes ranging from 563 sf to 1,500 sf. The apartments arewithin walking distance of the adjacent 1.2-million-sf IrvineSpectrum Center, which features Nordstrom, Target and Macy's, alongwith morethan 120 stores, restaurants and entertainment venues,including a 6,400-seat, 21-screen movie theater with OrangeCounty's only IMAX theater.
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