"Definitely some of the buildings are going to be demolished, some relocated and some stay on the site," View says. "There could be as many as seven to eight buildings staying on the site or as few as three to four. Right now we're at five staying and five not."

For much of the last decade, the city's downtown business district had become more of a non-business district, as office and retail buildings stood totally or partially vacant. But the character of the neighborhood has changed in the past 18 months, View says, as many of those buildings are being rehabilitated and leased. For one, the Orange County High School of the Arts has taken over a building, as has the District Attorney's office which was sited for many years in the county courthouse.

"We have a couple bookstores that have moved in, and other county and federal agencies have taken over office space, so vacancy rate a lot less than before," he says.

Even with more buildings being occupied, finding tenants for such a large building may be difficult. According to View, from the developer's point of view, if he can land a major tenant for the project, the building shouldl draw the attention of other potential tenants.