- Steady population and employment growth in the IBC
- Current demand for condominiums is outpacing available for-sale inventory.
- IBC is nearing its cap for allowable residential units.
- Blue Bay will be one of last approved residential projects in the IBC in the coming years.
- The project is fully entitled and permit-ready, providing an investor/developer with low development risk and immense upside potential.
- Concrete construction (Type 1A) – offers the lowest carbon footprint for a structure or pavement over its lifecycle; unparalleled strength, durability, longevity and resilience; maximized energy efficiency via thermal mass; excellent vibration and sound insulation; low maintenance costs; and 100% recyclability.
KW Commercial and Starpointe Ventures are proud to exclusively present Blue Bay – a 120-unit luxury condominium development opportunity. Designed by MVE Partners, Blue Bay will consist of a multi-story residential building comprised of five (5) levels of apartment units with a full array of amenities for residents, along with two (2) levels of above-grade parking and one (1) partial level of subterranean parking. Blue Bay is going to be an iconic landmark structure in the heart of the Irvine Business Complex (IBC) area with its uniquely modern design, large pool deck with a spa, a lush landscape deck atop the parking garage, an open courtyard in the center of the building, and a roof garden. Blue Bay will also be the only mid-rise condominium project located in the renown Irvine School District. It is only one block away from Diamond Jamboree Shopping Center, two blocks away from The District Shopping Center, and minutes away from the South Coast Plaza, John Wayne Airport, University of California Irvine, University High School, Ranch 99 Market Center, Fashion Island Shopping Center, Pelican Hill Golf Resort, and Newport Beach. It is close to the intersection of Alton Parkway and Jamboree Road, both of which are the main streets in Irvine. It also has easy access to I-405, I-5, 73, 55 and 124 – a perfect spot for commuters.