Ground was broken Tuesday for the first phase of the South Bay Corporate Center, a $23-million, 170,000-square-foot office tower, at 1411 West 190th St., at the intersection of the San Diego and Harbor freeways. Completion is scheduled for June, 1986.
The complex, which will be developed in two phases for an expected final size of about 310,000 square feet and a project cost of about $65 million, is a joint venture of Halferty Development Co. of Pasadena and Irvine and Continental Equity Investment Inc., a member of the Mission Viejo Realty Group.
Plans for the second phase have not crystallized but James Halferty said the joint-venture partners are studying the possibility of another office building, a hotel or a combination of the two.
For Phase 1, Langdon Wilson Mumper Architects of Los Angeles designed a steel-frame, Type 1 building in rust-colored, precast concrete panels and green glass sheathing. The main entrance will lead into a granite lobby trimmed in polished chrome and stainless steel.
Richard A. DeBeikes Jr., managing partner of Halferty's Irvine office and project manager, said, "We selected this site because the 190th Street corridor is one of the most dynamic office leasing markets in the western United States, developing as a major market for high-tech, aerospace, automotive and service-oriented companies."
The general contractor is Dinwiddie Construction Co. and financing is by First Interstate Mortgage. Coldwell Banker Commercial Real Estate Services is the leasing agent.