In Santa Ana, construction is in the home stretch for an adaptive reuse project which is transforming a 1960s office building into multifamily housing.
888 on Main, named for its address at 888 N. Main Street, is now roughly two years into its conversion into a 148-unit apartment complex. Alliant Strategic, which recently announced its investment in the property, intends to price the new housing at the "workforce" level - meaning for those making the approximate area median income. The mix of studio, one-, and two-bedroom apartments will offer rents starting in the low $2,000s per month, the company announced.
The 10-story building, designed by Welton Becket is being renovated to include live/work units along its ground floor. Other components of the adaptive reuse project include a fitness center, a yoga studio, and two levels of subterranean parking.
“888 Main is a generational asset and a rare adaptive reuse investment opportunity in Orange County.” said Jeffrey Gould, one of the brokers involved in sale to Alliant Strategic. “This project is a leading indicator of how older, vacant buildings are being converted into modern and productive buildings for the benefit of the community at large.”
While 888 on Main is billed as a "first of its kind" development for Orange County, it is not the first adaptive reuse project in the City of Santa Ana. Just over a half-mile north at the intersection of 17th and Main Streets, another 1960s office building has been converted into an affordable housing complex geared toward artists.
- Santa Ana (Urbanize LA)