and Jamboree Housing, Metro East Senior Park is Orange County’s second-largest multifamily development underway.
Owned by a joint venture between AMG, The Pacific Cos. The eight-story building will have a wide range of amenities, including a library room, a fitness center, three courtyards and 11,041 square feet of street-level retail space. is drawing its financing from $75 million in housing revenue bonds issued by the state. Prior to the current owners stepping in, the site was home to a partially built structure intended for luxury condominiums. and AMG, the 395-unit Garden Brook Senior Village is a fully affordable, age-restricted development in Garden Grove. One of two projects involving both The Pacific Cos. Garden Brook Senior Village Garden Brook Senior Village. The 4.8-acre development site is half-mile east of the 1.1 million-square-foot MainPlace Mall in Santa Ana. The community’s facilities will include a 9,038-square-foot amenity deck with outdoor seating, a fireplace and a bar area above the parking component. Town and Country Road in Orange County, the apartments will wrap around a seven-story structure with nearly 650 parking spaces. is financing the project with a $175.3 million construction loan. The building will be one component of a larger, three-part development that includes an additional 295 apartments and 74 townhome units. Vitaįairfield Residential broke ground on the 358-unit Vita Apartments in November 2019, with delivery slated for mid-2021. The six-story building will include a wide range of amenities, from an entertainment kitchen to two rooftop decks. The development broke ground just west of Angel Stadium in early 2019, backed by a $14.5 million loan from Hankey Investment Co. The project’s 332 studio, one-, two- and three-bedroom units are slated to deliver at the end of the year.
Gene Autry Way in Anaheim is the largest residential development underway in Anaheim and the fifth largest within the county. JPI and MORE Residential’s Rev at Platinum Park at 1800 E. Revo at Platinum Park Revo at Platinum Park. Here are the five largest multifamily developments underway in Orange County, based on Yardi Matrix data.ĥ. Ongoing economic uncertainty has not curtailed this: 10 of the 25 projects underway are fully affordable, and four others contain at least an affordable component. Orange County, long considered one of the country’s most expensive rental markets, has made strides toward adding affordable housing in recent years. Developers have been most active in the Santa Ana submarket, where seven projects totaling 1,517 units were under construction in October. This year, developers broke ground on 1,810 units, accounting for nearly one-third of the market’s 5,872 units underway, according to Yardi Matrix. Despite a marked slowdown at the national level for multifamily construction, projects in Orange County continue to push forward.
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