Project: Axis 2300
Location: 2300 Dupont Dr, Irvine, CA 92612
Project Type: Multi-family rental
Project Size: 116 units
Project Concept: Urban Pacific acquired this site at the premier corner of Von Karman and Dupont in the city of Irvine, just 1/8 mile from the Orange County airport in 2004. By acting agressively but prudently, Urban Pacific secured the right to purchase the property due to a court ordered sale by the previous developer. After assembling the project and bringing together the team and financing, Urban Pacific monetized its position by selling the project to another developer that ultimately constructed the project.
Project Status: Completed 2009, stabilized operations, Urban Pacific sold the land and entitlements for the project to another developer in 2006.