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June 25, 2024
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Village Partners Ventures and The Bascom Group Secure Land and Financing for Mixed-Use Project in Montclair


Village Partners Ventures LLC and The Bascom Group LLC have teamed up on a construction loan and a $10 mil land buy in Montclair to develop a mixed-use project named Village at Montclair. The development, sitting on six acres at 5050 Arrow Hwy, is expected to provide housing for more than 600 residents with convenient street-front retail.

Designed by New Urbanist design firm Torti Gallas, Village at Montclair is a mixed-use infill redevelopment with 350 res units. The Type V mid-rise project, offering a combination of structured and surface parking, is designed as a walkable transit village with housing, ground floor retail, and public spaces including a Village Square and the Station Promenade. The project has a direct pedestrian connection to the Montclair Transit Station and future Metro Goldline.

Village at Montclair is designed to celebrate the inviting Mediterranean climate and San Gabriel Mountain views of Montclair, with elements including a mixture of Spanish and Italian architecture, abundant public space, walkable streetscapes, landscaped courtyards, and a rooftop deck. Warm California Modern interiors by Mannigan Design thoughtfully complement the architecture. Project amenities include pool and spa, co-working suites, clubhouse, parcel lockers, and a state-of-the-art fitness facility.

The project is located within the City’s North Montclair Downtown Specific Plan. The plan covers 200 acres of land surrounding Village at Montclair and sets the standards for the creation of an urban, walkable district surrounding the TransCenter and future Goldline, with up to 2,500 new residential units and commercial space planned over the next decade. This District and the Project site are adjacent to the prestigious Claremont College consortium. Construction of Village at Montclair will commence in January 2022 by general contractor Johnstone Moyer Inc.

Mark Erland and Matt Benson with JLL Capital Markets arranged a $77 mil construction loan from Citizens of Providence, Rhode Island for construction of the project.

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