Plans in Motion for Mixed-Use Banc Hotel project in Irvine

Mixed-use projects in the hottest areas of Orange County are on the rise. After making a $33.3 million deal, WGE Capital Group plans a 700,000 square foot Banc Hotel project for a 6.2-acre site on a vacant parcel in Irvine, just a mile away from John Wayne Airport. 

The mixed-use project will be located between the Boardwalk office development at 2722 Michelson, the creative office for Palmer Luckey’s Anduril Industries, and digital marketing and tech firm Viant. 


With this land buy, Banc Hotel strives to be one of the region’s most unique developments. Real estate investment firm WGE Capital (formerly HJ Capital), which has a strong emphasis on mixed-use hospitality projects, obtained city approvals for the plans earlier this year. The Banc Hotel will potentially be the city of Irvine’s first five-star hotel.


The new hotel will feature 258 guest rooms, as well as 144,000 square feet of office space, an 11,000 square-foot medical office building, a 33,000 square foot fitness facility, a 20,000 square-foot spa, and a separate parking structure. 

Also planned for the Banc Hotel project: a 10,000-square-foot food hall called PiggyBanc and a 45,000-square-foot entertainment venue named the Banc Beach Club with access to a private jet at JWA. 


The deal was closed with $30.5 million in financing from Madison Realty Capital and The Bluestone Group. Estimated to be a $330 million project, construction financing has not been announced yet. 

Considering Irvine for your next investment?

As your Southern California real estate specialists, Allwest Properties, Inc. offers a full range of real estate services for commercial, industrial, and multi-family apartment properties throughout Los Angeles, Orange, San Diego, Riverside, and San Bernardino counties.

With over 25 years of industry experience, we offer a comprehensive array of solutions, including sales, leasing, tenant representation, landlord representation, investments, site selection, and consulting services. Our goal is to exceed our clients’ expectations with each and every transaction.

Contact us today by calling 949-287-3291 or emailing



Ken E.

“Craig Wise did a great job in selling my rental property. He provided me with quality information about pricing it correctly, advertised and marketed it effectively, and provided solid guidance in negotiating a sales price. Craig was extremely professional in handling all aspects of my sale and got me top dollar for my property after only being on the market a few weeks. Craig will be my realtor for any future real estate needs.”

Robert B.

“I count it a great privilege to recommend Craig Wise for any of your Real Estate dealings. I first became acquainted with Craig as we worked side by side in the Real Estate Department of a major lender. During the fifteen years we have know each other we have gone from coworkers to good friends. I have always know Craig to deal with people with the utmost of character. This is the reason that when my son and daughter-in-law were first time buyers and I asked Craig to assist them through the entire process and he made sure the transaction went smoothly. You will not find someone who combines knowledge, skill and integrity to a greater degree than Craig.”

Estella G

“I have known Craig Wise for over twenty years on both a personal and business level. Craig has done a phenomenal job in building a loyal list of clients and a very professional image. Craig’s success stems from his ability to keep his client’s needs a high priority and consistently meeting expectations, even in the toughest markets. My house was recently sold by Craig in only 2 weeks. He thoroughly impressed me with his tenacity and dedication in finding me a single story home in this challenging market. Craig is an ideal realtor, he is a savvy yet humble individual, has a very energetic work ethic, is always eager to go above and beyond for his clients.”

Chris Z

Craig – thank you, I sincerely appreciate your dedication to getting things accomplished with the commercial association. You showed great fortitude given the difficult personalities over the years and I thank you for everything you have done

Book Appointment

Fill in your details and we’ll get back to you in no time.