|
8/24/16
|
LaTerra Development, a Los Angeles based real estate developer, has started construction on two infill apartment projects totaling 325 units in Santa Ana and Chula Vista. Each project was capitalized with institutional joint venture equity and construction financing.
LaTerra started construction this week at The Line at Santa Ana, a 3.9-acre, mixed-use transit-oriented development containing 228 apartment units and 4k sf of ground floor retail. The project is located at 3630 W. Westminster Ave in Santa Ana, the county seat of Orange County.
The Line will contain a 2.2k sf fitness center with 20’ ceilings and store front glass windows overlooking a resort style pool deck. The clubroom will contain accordion doors that open up to the 60’ pool and adjacent hot tub surrounded by cabanas and an outdoor fire place. Additionally, The Line will contain a rooftop lounge with views of the Disneyland fireworks, BBQs, and an outdoor theater.
Meanwhile, in Chula Vista, LaTerra is underway with Stone Creek Casitas, a 97-unit garden-style apartment project. It is located at 3875 Main St, immediately west of the 805 Fwy.
Residents at Stone Creek Casitas will benefit from the city-approved revitalization of both Main Street and the waterfront located just a few miles directly west of Stone Creek. The Main Street improvements will include sidewalks and pedestrian friendly walkways from the three-mile corridor between I-805 and Industrial Blvd. The Waterfront revitalization will include the development of hotels, restaurants, and retail, creating thousands of jobs.
In addition to the new apartment projects, LaTerra recently completed entitlements on two projects slated to contain 179 entry-level homes in infill Los Angeles and El Monte. These two projects were recently sold to two public residential homebuilders.
|
|
Return to the Archive page
|
|
|
|
|