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4/04/19
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BWV W. Katella LLC, a joint venture between Branch West Real Estate Partners LLC and The Bascom Group LLC, has acquired a 1.1-acre parcel of land in the city of Orange for a new residential development. The site is located at 1725 West Katella Ave, just east of Disneyland between I-5 and the 55 Fwy.
The site is entitled and planned for the development of a five-story, 94-unit mid-rise multifamily community. The Class A project features a courtyard with a “spool,” fitness center, club room and roof deck to observe Disneyland fireworks.
The design sets itself apart from existing projects by focusing on material choice, combining sophisticated boutique-inspired gestures with a rustic industrial palette. The desirable location is adjacent to the Stadium Promenade and near the Honda Center and Anaheim Stadium.
Tom Kenny and Josh Boehling with Bellwether arranged preferred equity from Marble Capital out of Houston, TX and a construction senior loan from the Bank of the West for construction of the project.
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