by Jonathan Lasner
The “creative office” — modern corporate spaces popularized by Silicon Valley’s youthful workforce — is a growing concept in Orange County.
Two projects offering a mix of work-life-balance amenities, not far from each other near the Irvine-Tustin border, are making progress.
Equity Office has begun its retooling of a 24-acre 1980s-era office complex in Irvine into the Von Karman Creative Campus.
The nine-building campus — the old Von Karman Corporate Center at Von Karman and Alton — is getting a promenade with a café, outdoor work areas, recreational and social areas. Also added will be concierge services, a fitness center and dog parks. The refurbishment is scheduled to be completed by early 2018.
The campus “won’t simply be a place where employees come to work, but a place where they can also connect with others, recharge, innovate and thrive,” said Rich McEvoy, a vice president at Equity Office.
Flight at Tustin Legacy, a new creative-office project on the old military helicopter base, received $141.6 million in construction financing, Holliday Fenoglio Fowler announced this week.
The loan — from ACORE Capital and iStar Inc. — will help pay for the first phase of what is planned to be a 470,000-square-foot campus developed by Lincoln Property Co. and Alcion Ventures.
Flight will include corporate offices, a 12,000-square-foot food hall and a 7,000 square-foot conference center. Construction is expected to be complete by 2019.