Luxury Senior Housing Community Opens Near San Diego
MountainWest Real Estate developed the 142-unit project.
Casa Estílo Senior Living Apartments, a 142-unit luxury senior housing community catering to residents over the age of 55, has opened in Chula Vista, Calif. MountainWest Real Estate developed the project, while HSMC Builders served as general contractor.
Royal Property Management Group manages the community. Known for its expertise in affordable housing, Royal is now expanding into the luxury residential market with Casa Estílo as flagship property.
The six-story building encompasses studio, one- and two-bedroom floorplans. Common-area amenities include a swimming pool, outdoor lounges, fitness centers, a putting green, a game room, barbeque stations, fire pits, a pet salon, electric car charging stations and approximately 140 parking spaces. The independent living community also features housekeeping services, a mail center and concierge assistance.
Located at 795 Third Ave., Casa Estílo is in the heart of Chula Vista. The property is near Interstate 5, which provides direct access to downtown San Diego. Sharp Chula Vista Medical Center, Palomar Trolley Center and San Diego Bay National Wildlife Refuge are all within a 4-mile radius.
The operational performance of the senior housing sector has improved this year, with occupancy rates and profit margins rising, according to a Walker & Dunlop report. However, inventory growth is declining, which will lead to increased occupancy rates and put pressure on the existing facilities. As a result, researchers estimate more development activity in the following years.