JDC Completes Latest California Apartment Redevelopment
- Jun 20, 2014
Long Beach, Calif.—JDC Construction + Development Group has completed the $4 million restoration of the 237-unit 1718 Ximeno Ave. apartment property in the Park Estates section of Long Beach, Calif. The community contains 237 one-, two- and three-bedroom units in one three-story building and a dozen two-story ones.
According to JDC, one of the goals of the renovation was to return the 1963-vintage property to its mid-20th century architectural style, which had largely disappeared over the years in a series of makeovers. Most significantly, including a 1980s effort to remake the property in California hacienda style, which included the addition of faux balconies and a faux mansard roof. JDC worked with the architectural firm Studio One Eleven to undertake the restoration.
Phoenix Realty Group bought the property in 2011 for $34.5 million. It’s about a mile from the campus of Long Beach State University, from which about 40 percent of the property’s tenants are drawn.
Founded by John Donaldson in the early 1990s, JDC specializes in the reconstruction and renovation of multifamily projects in California and the Pacific Northwest, but with a primary focus on Southern California and on properties originally developed in the 1960s and ’70s. The company has overseen the construction or reconstruction of over 10,000 units. JDC is also involved in the ground-up development of several single-family and multifamily properties.
Besides the Long Beach property, the company is at work on or has recently completed properties in San Jose, La Habra, Wilmington, Ontario, North Hills and two in Garden Grove, all in California. One of its notable previous projects was the major renovation of Summer House, a 615-unit multifamily property in Alameda, Calif. The $35 million project turned a virtually abandoned property into an upscale bayside address.