$190M Secured for LA-Area Luxury Community
- Jan 15, 2019
JPI has closed construction financing on Jefferson Vista Canyon, a 480-unit high-end community located in Santa Clarita, Calif., roughly 35 miles from downtown Los Angeles. Comerica Bank and Colony Credit Real Estate the $190 million construction financing for the upcoming project. This is JPI’s third multifamily project within the Santa Clarita Valley.
“Jefferson Vista Canyon fits perfectly into JPI’s philosophy of building quality for our customers,” Rosie Cooper, JPI’s executive vice president & regional managing partner for the company’s western region, told MHN. “With the project’s timeless architecture and extensive amenity package, this community will offer residents with high-quality living and unparalleled access to a wide range of master plan amenities and public transportation.”
When completed, Jefferson Vista Canyon will be part of the new Vista Canyon master-planned community, a 185-acre mixed-use, transit-oriented development that will feature new housing, creative office, neighborhood, park space, restaurants, and a new intermodal transit station that includes the Metrolink commuter rail.
“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,” Cooper said. “Jefferson Vista Canyon will be the first institutional-grade multifamily rental community in over 7 years.”
Jefferson Vista Canyon is set to break ground this month and is set for completion by spring 2020.
Top of the Line Amenities
The community will offer a range of floorplans with select homes featuring rooftop decks. Residents will have access to an extensive amenity package including two resort-style pools with spas and cabanas containing large-screen TVs, and two state-of-the-art fitness centers that will incorporate multi-use studios for yoga and spin classes. Amenities also include a rooftop deck, dog park and dog washing station, a clubhouse with multiple flat-screen TVs, a pool table, shuffleboard, and a multi-sport simulator.
The location in the Santa Clarita Valley offers residents plenty of nearby entertainment options and convenient access to major job centers including Santa Clarita, San Fernando Valley, Glendale and downtown Los Angeles.
Additionally, numerous single-family residences and a new 11-acre park will be located minutes away.
“Our new luxury apartment homes will be a perfect fit for JSB’s vision of creating 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,” Cooper added.
Image courtesy of JPI