City Negotiates Deal to Shelve Warehouse Project and Build Residential Instead
Earlier this month, the City of Irvine made a surprise move to redirect an imminent 540,000-square-foot warehouse development in the Irvine Business Complex to residential instead.
The owner of the Von Karman Corporate Center at Alton Parkway and Von Karman Avenue had proposed and received Planning Commission approval to build the new warehouse development there.
Mayor Larry Agran noted the project would be about the size of four Costco stores and said it would not be compatible with the adjacent residential areas.
At the February 11th Council meeting, City Manager Oliver Chi reported that City staff had negotiated a deal with the developer to shelve the warehouse plan and instead begin obtaining permits for a residential development on the site.
