Luxury SoCal Development Lands Management
- Apr 26, 2018
Van Daele Homes, the owner of The Trails at Canyon Crest, has selected The REMM Group to handle management at its upcoming luxury community. The 216-unit multifamily development in the Inland Empire broke ground in October 2017, and the Architects Orange-designed property is due to open in phases, starting in the spring of 2019.
Van Daele owns the development in a joint venture with Ares Management, according to Yardi Matrix. In August last year, the owner landed a $32.2 million construction loan, held by U.S. Bank, to fund the project.
Convenient location, high-end amenities
Located at 5377 Quail Run Road in Riverside, Calif., the 30.9-acre development site is positioned one mile from Interstate 215, providing access into Los Angeles and throughout southern California. The Canyon Crest Towne Centre shopping center sits a short distance away, offering numerous shopping and dining options.
Plans for the property’s 13 two- and three-story buildings call for a mix of one-, two- and three-bedroom units, ranging in size from 665 to 1,095 square feet. On-site amenities will include a swimming pool, a spa, a fitness center and a clubhouse. Some apartments will include private garages, and the asset will contain a total of 385 parking spaces.
Image courtesy of Van Daele Homes