The 11-member Irvine Business Complex consortium plans to break ground this year on several Class A offices and multi-use complexes that already have obtained entitlements from the city of Irvine in the 3,350-acre complex, according to Birtcher principal and IBC spokesman Bill Kearns.
They include a second tower for Robert A. Alleborn Associates' Century Centre, Bramalea's Bayview office project, a second tower for Brinderson Towers, Phase 1 of Hillman Properties' Irvine Plaza, second phase of McLachlan Investment Co.'s Inwood Park, a third tower for Irvine Co.'s Jamboree Center, and an additional portion of Koll Center Irvine.
Ranked California's third largest business district, after Los Angeles and San Francisco, IBC boasts one of the strongest office markets in the state, Kearns said. "A recent study of the area showed an 86% occupancy rate in major structures."
The consortium consists of major national and regional developers who pooled resources to market IBC properties, home of 47 Fortune 500 companies and of 557 companies' corporate headquarters, more than any other submarket in Orange County.