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MULTIFAMILY NEWS
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Lennar Starts Work on 450-Unit Res Project in the San Gabriel Valley

10/23/14

Lennar Multifamily Communities has begun work on The Lakes at West Covina, a 450-unit luxury rental community with approximately 20k sf of ground floor retail and restaurants in the heart of Southern California’s San Gabriel Valley. Designed by KTGY Group Inc, Architecture + Planning, The Lakes is a five-story mixed-use development in West Covina, adjacent to the 1.35 msf Westfield West Covina shopping mall and directly across the street of the Lakes Entertainment Center and Edwards West Covina Stadium 18 movie theatre. Lennar expects to deliver the first units by fall 2015, and full completion in fall 2016.

The new development is located on the site of a former Wickes Furniture store in West Covina. The six-acre site had previously sat vacant after the closure of the Wickes store in July of 2008 and again after Expo Furniture closed in December of 2012.

The Lakes at West Covina will feature one- and two-bedroom residential units ranging from 675 sf to 1.2k sf, a club room, a fitness room, and a resident co-working space. Amenities within the community will also include a bocce ball court, basketball court, a turf soccer sports field, a central courtyard with fire places and outdoor seating, and a resort style pool with fire pits, cabanas and chaise lounges.

Miami, FL-based Lennar Multifamily Communities LLC, a subsidiary of the leading housing developer Lennar, purchased the property in 2013. The Lakes at West Covina is one of eight multifamily developments currently in their southern California portfolio.





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