Exciting Housing Development Unveiled for Sand Canyon Plaza in Santa Clarita
Sand Canyon Plaza: A New Hub for Community Living in Santa Clarita
Reystar Real Estate Partners and the Resmark Companies have secured a hefty $95 million loan for their latest project in Santa Clarita. The housing development, named Sand Canyon Plaza will sit on 87 acres of land near Sand Canyon and Soledad Canyon roads. It is set to feature over 250 apartments and more than 60 townhomes catering to the growing demand for housing in the area just about 35 miles away from bustling Los Angeles.
The loan, provided by Kennedy Wilson based in Beverly Hills, marks a significant milestone for the South Carolina based developer and their Westwood based investor. The mixed use project aims to create a vibrant community space complete with a 45,000 square foot shopping center anchored by a Sprouts Farmers Market. Alongside the residential units residents can look forward to amenities like a resort style pool, parks, walking trails and modern apartment features such as fitness centers and coworking spaces.
$95M Housing Development – Greystar and Resmark Secure Land for Santa Clarita! (PHOTO: The Real Deal)
Kennedy Wilson’s Thomas Whitesell Bullish on Sand Canyon Plaza: Promises Quality Living and Community Enhancement
Thomas Whitesell, head of the debt investment group at Kennedy Wilson expressed confidence in the project citing the robust rental market in Santa Clarita and the joint venture’s track record of delivering high quality developments. With construction set to commence soon the Sand Canyon Plaza represents not only a significant investment but also a promising addition to the local community, offering both housing options and convenient amenities for residents to enjoy.
