Duarte medical care provider City of Hope will open a $200 million cancer center at the Great Park Neighborhoods in Irvine.
City of Hope has 17 other locations in Southern California. This will be its first center in Orange County.
The news was announced by City of Hope and Five Point Holdings LLC, the Aliso Viejo-based developer, in a release describing the new “best-in-class” facility as “equipped with leading-edge technologies and dedicated oncology specialists.”
Five Point Holdings is the publicly traded parent company of Great Park Neighborhoods developer FivePoint; the FivePoint joint venture that owns the project is donating the land to build the cancer center.
Five Point Holdings chairman and Chief Executive Emile Haddad alluded in the release to future elements of Great Park Neighborhoods’ medical services.
The new center “will anchor a comprehensive new medical campus that will ultimately feature multiple centers of excellence offering the very best health care and wellness services in the heart of Irvine,” he said.
Five Point Holdings LLC has three large projects in California. It traded recently at a $2 billion market cap.
Paul Hughes is a reporter with sister publication Orange County Business Journal, where a version of this article first appeared.
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