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IRVINE, CA-A joint venture of OWR Development Inc. (Opus West) and Geoffrey H. Edmunds 3000 California LLC has unveiled a newly completed condominium project called 3000 The Plaza, a 15-story tower that features 105 units at prices starting in the mid-$600,000 range. The project is now 50% sold, according to the developers, who note that the development includes the Shops at The Plaza, an 11,000-sf retail component that is 80% leased.

Geoffrey H. Edmunds, president of Geoffrey H. Edmunds 3000 California LLC, cites “continued interest and an extremely positive response from home buyers and the brokerage community” despite the current economic conditions.”The developers say that move-ins are imminent at the project, which is located at the intersection of Jamboree Road and Campus Drive. Retailers scheduled to open in the fall will include the Urban Ranch Market, a market and deli for everyday groceries; Phan 55, a Vietnamese restaurant; Fukada Japanese restaurant; Coffee,Craft & Deli and Plaza Dry Cleaners.

The luxury condominium project is the third tower in the 13-acre master-planned development that also includes The Plaza-Irvine. The 3000 The Plaza tower features units ranging from 1,375 sf to 3,025 sf.

Designed by the architectural firm MV&P International, with landscaping by SWA and interior design by Parisi Portfolio, the 15-story tower includes 11 levels of single-story residences over enclosed parking. Ten penthouse units sit at the top of the tower.

The developers cite a number of selling points for the condos in addition to their design: a location adjacent to the open space of the San Joaquin Wildlife Sanctuary, proximity to John Wayne Airport and Newport Beach, and the convenience of nearby shopping, dining and entertainment.

Geoffrey H. Edmunds California Inc. is a unit of Scottsdale, AZ-based Geoffrey H. Edmunds & Associates. OWR Development Inc. is a member of the Opus Group of companies. From its Southern California regional headquarters in Irvine and its offices in Los Angeles and San Diego, Phoenix-based Opus West is currently developing or has completed more than 10 million sf of commercial development throughout Southern California.

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