2 Firms Team for High-Tech Center : Irvine, Koll Companies Start Work on 17-Building Joint-Venture Project
In a rare joint venture, the Irvine and Koll companies have started construction on a $100-million, 17-building high-technology complex in Irvine Spectrum in Irvine.
The yet-to-be named development, is being constructed on a 50-acre site near the new Alton Parkway interchange of the Santa Ana (5) Freeway.
It will encompass 760,000 square feet of highly flexible facilities--from multitenant industrial to a single-tenant corporate headquarters, according to Richard G. Sim, president of the Irvine Industrial, Research & Development Co., the industrial development division of the Irvine Co.
Completion Schedules
The $20-million first phase of the Irvine/Koll project will include three buildings with a total of 185,000 square feet on two sites totaling 12 acres, according to Richard M. Ortwein, president of Koll’s Newport Beach regional office.
Designed by Leason Pomeroy Associates, the first phase is being built by Koll Construction Co., with completion scheduled for next spring. Completion of the entire project is planned for 1988, Ortwein added.
He said that two of the first-phase buildings will rise together at the main intersection, Alton Parkway and Technology Drive. The third building in the initial phase will be about a block away at Alton Parkway and Ada.
Experienced Company
Exteriors of the three buildings feature horizontal bands of scored precast concrete, alternating with horizontal bands of blue laminated glass, Sim said, adding that “each building and group of buildings within the complex will have its own special identity.” Each building will have a curved wall.
Irvine Spectrum is the Irvine Co.’s master-planned center for research, technology and business near the confluence of the San Diego (405) and Santa Ana freeways, Sims added.
“The location places this new technology-oriented complex in the midst of professional and technical labor pools in the central and south (Orange) county, a few minutes from John Wayne Airport and UC Irvine and almost equidistant between Los Angeles and San Diego,” he said.
A spokesman for Koll said that Koll was chosen as the development partner with the Irvine Co. because of Koll’s experience in developing high-technology projects in San Diego, San Jose, Phoenix, Seattle and Portland.
Coldwell Banker Commercial Real Estate Services, Newport Beach, is leasing agent for the project.
