A weekly look at office and industrial real estate in the county. : FOCUS: METRO POINTE

Metro Pointe, a $500-million business center next to South Coast Plaza, will feature six high-rise office buildings, a hotel, restaurants and retail facilities. Nearing completion are four- and six-story office buildings and parking facilities, which make up the second phase of the 52-acre project. Planned for future phases are a 10-, 12- and twin 15-story office towers. FACTS AND FIGURES Address: 950 S. Coast Drive, Costa Mesa Developer: Arnel Development Co. Architect: A.C. Martin & Associates Primary Contractor: Arnel Development Co. Broker: Arnel Development Co. Square feet: 1.2 million in the total project; 200,000 in the second phase Use: Office, hotel, retail Cost: $500 million Scheduled completion date: NA Parking capacity: 710 for current phase Projected rental cost per square foot: 1.90-$2 for current phase Source: Arnel Development Co.