Ground breaking for the 12-story One Pacific Tower, focal point of the $110.5-million One Pacific Plaza multi-use center in Huntington Beach will take place Thursday .
The plaza is located at Beach Boulevard and the San Diego (405) Freeway.
Developer of the $32.5-million tower is Phoenix-based Cavan Associates Ltd. in partnership with Canadian-based MHL Associates. Completion is scheduled for November, 1987.
The tower will be the final major office building in the 14.3-acre plaza, which includes Bentley's and Rusty Scuppers restaurants, a 224-room Holiday Inn Crowne Plaza hotel, as well as two six-story office buildings, a four-story Memorial Health outpatient clinic and a six-tier parking structure.
Apart from the tower, the only uncompleted structure is the hotel, which is scheduled to be finished next June. The hotel will have accommodations for major luncheon functions and meetings.
In addition, Cavan will expand the existing parking structure to accommodate more than 1,500 cars.
The 204,000-square-foot tower will feature a two-story atrium lobby with park-like environment and fountains. A reflective silver curtain wall with a two-story granite-clad base will complement the two six-story buildings adjacent to the tower.
Huntington Center Regional Mall is directly across Center Street from the plaza, and the Westminister Regional Mall is one mile north. The Old World shopping center is adjacent to the plaza.
The Orange County Transit District has proposed a major bus station directly to the west of the project at Gothard and Center streets, which will provide transportation to the Los Angeles International, Long Beach and John Wayne airports. The station will also serve the Greyhound Bus Lines.
McCarthy Construction of Irvine will be the tower's general contractor and Leason Pomeroy Associates of Orange the architect. POD of Santa Ana will design the landscaping.
Frost Trinen Partners of Costa Mesa is the leasing agent of the tower. David R. Simmons, Cavan's vice president of finance, said that the already completed six-story building, which Cavan purchased in October, 1985, was 100% occupied within 10 months.
Roger Russell, Cavan's regional vice president, said that the $49.5-million financing package was obtained through First Interstate Mortgage Co., a subsidiary of First Interstate Bancorp. The package includes a construction loan for the tower as well as refinancing of the six-story building.