Eastgate Summit – Rendering courtesy of Irvine Company

Eastgate Summit – Rendering courtesy of Irvine Company

Irvine Co.’s office property division has opened its new three-story Eastgate Summit at University Towne Center, and has construction underway on a nearby building called Eastgate Terrace. The projects represent a total investment of more than $50 million by the Newport Beach-based company.

An Irvine Co. statement said the 65,000-square-foot Eastgate Summit, at 4850 Eastgate Mall, is located on a hilltop with panoramic views of the Pacific Ocean. The “next generation” building is described as energy efficient, with 22,000-square-foot floor plates that are column-free with oversized windows for natural daylighting, along with two levels of subterranean parking.

The company has completed erecting steel at Eastgate Terrace, a three-story, 96,000-square-foot building at 9779 Towne Centre Drive, set for completion in early 2017. Officials said it has unobscured canyon and ocean views, with 32,000-square-foot, column-free floor plates, floor-to-ceiling glass, aluminum curtain walls for lighting and energy efficiency, and advanced infrastructure for technology-oriented tenants.

Tenants have not been announced for the buildings, which are located within Irvine Co.’s larger, 24-building Eastgate campus at UTC. Both buildings are near the company’s $100 million One La Jolla Center, a 15-story high-rise office tower that opened last year.

Founded in 1864, Irvine Co. is San Diego County’s largest office property owner, with approximately 8 million square feet in the region, including 4 million square feet at UTC. It also has significant apartment holdings in the local market.