SAN DIEGO, CA – For JPI, a leader in the development of Class A multifamily communities, the goal of delivering a top-of-the-line community to the residents of Santa Clarita’s Vista Canyon is now within reach. The company announced that they have closed construction financing on Jefferson Vista Canyon, a $190 million, 480-home luxury apartment community. Comerica Bank, based in Dallas, and Colony Credit Real Estate, based in Los Angeles, will provide construction financing for Jefferson Vista Canyon.

Jefferson Vista Canyon is the first major residential development within JSB Development’s Vista Canyon, a new 185-acre, mixed-use walkable community. The master-plotted development will include retail, office, hospitality, apartments, townhomes and single-family residences, along with a new intermodal transit station and the Metrolink commuter rail at its center.

Also, a variety of single-family residences and a new 11-acre park will be located minutes away.

“Jefferson Vista Canyon is JPI’s third property within the Santa Clarita Valley and is a further reflection of our commitment to invest in developing communities in the region,” said Rosie Cooper, executive vice president and regional managing partner of the Western Region for JPI. “Our new luxury apartment homes will be a perfect fit for JSB’s vision of making a living environment that integrates urban vitality and connectivity with its own 10-mile system of bike, pedestrian and equestrian paths in one of the nation’s largest urban environments.”

“Jefferson Vista Canyon is a fantastic addition to the overall master-plotted community, and we are excited to play a part in making it possible for the citizens of Santa Clarita,” said Matt Maberry, Comerica Bank’s vice president of national real estate services and the senior lender on the project.

“JPI has been a reputable name in the Southern California market for more than 20 years,” said Andrew Nguyen, senior vice president at Colony Credit Real Estate, the mezzanine lender for Jefferson Vista Canyon. “We are honored to work together on this project to deliver another top-of-the-line community to the residents of the area.”

“JSB is pleased with the announcement of construction funding for Jefferson Vista Canyon,” said James S. Backer, president of JSB Development. “With the near-completion of Vista Canyon’s water-reclamation facility, which furthers our commitment to authentic green resources, plus the growing interest in the Gensler-designed three-tale office building plotted for the community, the anticipated groundbreaking of JPI’s development is an outstanding trendsetter for this master-plotted community.”

JPI’s Jefferson Vista Canyon community will provide a range of floorplans. A select few homes will even have rooftop decks, truly enabling residents to delight in the live-work-play environment within this master-plotted community. Jefferson Vista Canyon features unique community amenities typically found in more urban settings. 

Designed by Architects Orange, based in Orange, California, Jefferson Vista Canyon is set to be complete by spring 2020.

Powered by WPeMatico

SAN ANGELO, TX – Sagora Senior Living, a Fort Worth-based private corporation, announces the acquisition of Brookdale South San Angelo. The community becomes Sagora’s 39th senior living community.

“Sagora is proud to expand further into the West Texas area, enhancing the family-owned atmosphere we provide to enrich the lives of seniors and their families,” said Sagora Senior Living, President Bryan McCaleb. “Our choice to expand helped living and memory care in San Angelo allows our associates to provide a caring environment that fosters health, safety and high quality of life for each of our residents.”

Residents of the community will receive the highest level of attention from professionally trained associates. Each resident is evaluated, and a custom care plot is designed and followed to provide the best care and service for them. 

“Our team will focus on keeping our residents as independent and active as possible and on providing activities, entertainment and therapies to enhance and stimulate residents’ social needs,” McCaleb added.

The community features 77 apartments, 60 Helped Living and 17 Memory Care apartments, and offers medication management, help with activities of daily living, transportation and common areas for social and recreational activities. Sagora employs their Pathways Memory Care Program, which is a focused approach to programming that provides the best possible lifestyle, care and environment for Memory Care residents.

“This community is all about changing the lives of our residents by putting them first in all we do,” said Sagora Senior Vice President Dara Brown. “Our qualified associates will provide personalized care, respect and comfort to our residents, spending quality time to get to know them and to know their specific needs and interests.”

Powered by WPeMatico

WILMINGTON, NC – Balfour Beatty Campus Solutions, a leading developer and operator of infrastructure projects for the college and university market, has successfully reached financial close on a public-private partnership (P3) project to develop an on-campus housing and dining community at the University of North Carolina Wilmington (UNCW). The two-phase project will house approximately 1,814 students and provide a variety of amenities including group study and collaboration spaces.

Located in the southeast area of the UNCW campus, the development’s first phase is scheduled to open for the Fall 2020 semester and will deliver 1,038 beds in a pod-style configuration for first-year students. In the second phase, 776 beds in both pod and semi-suite styles will be added for the Fall 2021 semester for second-year students and upperclassmen. The development will also include more than 3,500 square feet of dining space, as well as DIY space, group study and collaboration areas and a learning center for the sophomore class, which will be constructed in both phases of the project.

“We’re very pleased to work with UNCW to deliver much-anticipated infrastructure that will enable more students to live on campus at the very heart of this growing institution,” said Bob Shepko, president of Balfour Beatty Campus Solutions. “Our team has worked closely with university leadership on a very thoughtful plotting and design effort and we look forward to breaking ground on this exciting new offering for UNCW students.”

The development is being designed by Clark Nexsen Architecture and Engineering and constructed by Balfour Beatty Construction. Collegiate Housing Foundation, a national non-profit entity, is the project’s residential facility owner through an issuance of project-based, tax-exempt debt financing. Upon completion, the housing community will be managed by the University.

Powered by WPeMatico