Archstone Project Answers Multi-Family Demand in Santa Clarita
- Apr 16, 2012
In another sign of growing demand for multi-family rentals in the Santa Clarita Valley, Archstone and an affiliate of The Resmark Cos. recently broke ground on a 157-unit town home complex in Santa Clarita.
“The strong job market in the Valley and in the Los Angeles area has helped create greater demand for quality rental housing in Santa Clarita,” said Richard E. Lamprecht, Archstone’s executive vice president of development for the western U.S. The project will add to Archstone’s inventory of nearly 18,600 units and 55 multi-family communities in Southern California.
Dubbed Archstone Santa Clarita, the project will rise on a 12.5-acre parcel at the intersection of Lost Canyon Road and Via Princessa. Archstone is banking on the short commute to major employment centers in the Santa Clarita Valley as a selling point to prospective residents. Additionally, nearby commuter rail lines and freeways provide access to the San Fernando Valley and Downtown Los Angeles. Other draws may include close proximity to Plaza Country at Golden Valley, a recently opened retail center featuring Target, Kohl’s, Staples and Bed Bath & Beyond.
Each of Archstone Santa Clarita’s townhomes will offer three bedrooms, two and a half bathrooms and two-car garages. Some units will also provide mountain views and private patios. Complex amenities will include a resort-style pool, spa and Yoga lawn, as well as a club lounge, a business center, a fitness room, barbecue area and playgrounds. The first units are on track to be available by spring 2013.