Majestic Realty Breaks Ground on Multifamily Component of 110-Acre Mixed-Use Development in Inland Empire
by Amy Works on 08-20-2018
REDLANDS, CALIF. — Majestic Realty Co. has broken ground on Summit Apartments, the multifamily component of its 110-acre mixed-use development in Redlands. The property represents the company’s first multifamily project.
Located on the northwest quadrant of the Foothill and San Bernardino freeways, the apartment complex will comprise 17 three-story buildings offering a total of 281 garden-style, walk-up apartments.
The apartments are available in a mix of one-, two- and three-bedroom layouts, ranging in size from 666 square feet to 1,256 square feet. On-site amenities will include a 4,400-square-foot clubhouse, resort-style swimming pool, gym, dedicated mailroom, dog park and Wi-Fi service throughout the entire 10.5-acre complex.
Apartment units are slated for occupancy in July 2019, with the completion of the entire project scheduled for late 2019.
Summit Apartments is located within Mountain Grove, Majestic’s 460,000-square-foot retail and entertainment shopping center that opened in 2015, and adjacent to the company’s 520,000-square-foot Citrus Plaza shopping center, which opened in 2005.
Combined, the properties offer nearly 1.2 million square feet of retail, restaurant and entertainment, including 24 Hour Fitness, Kohl’s, Banana Republic, Barnes & Noble, Bed Bath & Beyond, buybuy Baby, Chipotle, Cost Plus World Market, Gap, Habit Burger, Harkins, Hobby Lobby, Justice, Petco, Kay Jewelers, Kirkland’s, Lane Bryant, Nike, Nordstrom Rack, Old Navy, Ross Dress for Less, Sketchers, Target, Tilly’s, TJ Maxx, Macaroni Grill and Ulta Beauty.
Remaining development plans for the Redlands project include a 110-room hotel, a grocery store and additional restaurant tenants.
Link to Original Article: http://rebusinessonline.com/majestic-realty