A stalled office development in Irvine, California, has reopened as luxury apartments, validating the risks of adaptive reuse in high-barrier-to-entry markets like Orange County, where tight apartment vacancy and a robust job base create favorable conditions for housing redevelopment.
Creative financing fuels Orange County office-to-multifamily conversion
Financing package shows how investors are betting on multifamily conversions in tough-to-enter markets
CoStar News
May 28, 2025 | 7:52 P.M.
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IN THIS ARTICLE
- Properties
- Enzo
3100 Martin, Irvine, CA
- Companies
- Quarry Capital
Finance and Insurance
- Benefit Street Partners
Finance and Insurance