Hutton Companies Begins Construction on $43M Mixed-Use Community
La Verne, Calif.—Hutton Companies has started construction on La Verne Village in La Verne, Calif. The community is a $43 million, 172-unit mixed-use development located in the San Gabriel Valley on Historic Route 66 and will be designed by KTGY Group Inc. Architecture + Planning,
The units at La Verne Village will feature one-, two- and three-bedroom floor plans ranging in size from 670 to 1,198 square feet. Amenities for the community will include a pool and spa, fitness center, movie theater, business center and cable and Internet access.
“The design challenge was quite exciting,” David Obitz, principal and lead designer of the project, KTGY, says. “We had to take into consideration the density and accessibility challenges for an on-grade parking solution with topography changes of +/-20 feet from the back of the site. The result is a vibrant, fully-integrated mixed-use environment that addresses the pent-up demand for high-quality housing and provides an array of retail services and dining opportunities along the Foothill corridor, and has further escalated the caliber and number of residential options and amenities in the community.”
The community will be conveniently located near employment centers, restaurants, shopping and public transportation.
“La Verne Village’s retail component consists of two buildings with suites ranging in size from 1,100 square feet to 7,800 square feet,” Scott Felix, vice president of Hutton Companies, says. “Targeting retail, office and restaurant users, both buildings offer ground-floor storefronts facing busy Foothill Boulevard with strong daytime and evening traffic and excellent visibility. Median household income is $64,160 in a three-mile radius.”
La Verne Village will include 15,000 square feet of retail and restaurant space. According to Felix, the location of the community could appeal to a variety of retailers to the commercial space, such as cafes, restaurants, ice cream/yogurt businesses, hair and nail salons and dry cleaners.
Pre-leasing for La Verne Village is expected to begin in the fourth quarter of 2013, and occupancy is slated for the first quarter of 2014.Tags: Hutton Companies, KTGY Group, La Verne Village, New Development