Lennar Multifamily Communities Has Commenced Construction on 450-Unit Rental Community in West Covina

Lennar Multifamily Communities Has Commenced Construction on 450-Unit Rental Community in West Covina

KTGY-designed The Lakes at West Covina is Adjacent to 18-screen Edwards’ Theatres and West Covina Mall

IRVINE, CALIF. – October 13, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that construction is underway on The Lakes at West Covina, a 450-unit luxury rental community with approximately 20,000 sq. ft. of ground floor retail and restaurants in the heart of Southern California’s San Gabriel Valley. Developed by Miami-based Lennar Multifamily Communities, and designed by KTGY, The Lakes is a 5-story mixed-use development located in the City of West Covina, adjacent to the 1.35 million sq. ft. Westfield West Covina shopping mall and directly across the street of the Lakes Entertainment Center and Edwards West Covina Stadium 18 movie theatre. Lennar expects to deliver the first units by fall 2015, and full completion in fall 2016.

The new development is located on the site of a former Wickes building in West Covina. According to David Senden, KTGY Principal, and the project’s lead designer, the approximately 6-acre site had previously sat vacant after the closure of the Wickes Furniture store in July of 2008 and again after Expo Furniture closed in December of 2012. “The Lakes at West Covina will transform a former eye sore into a first-class luxury housing community with retail and restaurants,” said Senden.

The Lakes at West Covina will feature 1 and 2 bedroom residential units ranging from 675 square feet to 1,165 square feet, a club room, a fitness room, and a resident co-working space. Amenities within the community will also include a bocce ball court, basketball court, a turf soccer sports field, a central courtyard with fire places and outdoor seating, and a resort style pool with fire pits, cabanas and chaise lounges.

Lennar Multifamily Communities, LLC, a subsidiary of the leading housing developer Lennar, purchased the property in 2013. Lennar Multifamily Communities has quickly emerged as a leader in the development of luxury rental communities throughout the United States. The Lakes at West Covina is one of eight multifamily developments currently in their southern California portfolio.

“Lennar Multifamily Communities is excited to celebrate the groundbreaking of our project with local leaders,” said Lennar’s Division President – California J.J. Abraham. “We are extremely delighted to be moving forward with our construction efforts and are eager to celebrate the grand opening of this exciting new residential community next fall.”

For more information about The Lakes at West Covina, see www.lennarmultifamilycommunities.com.

Lennar Multifamily Communities
Lennar Multifamily Communities has been built on the financial strength and entrepreneurial spirit of Lennar, one of the nation’s leading homebuilders since 1954. Founded in 2011, Lennar Multifamily has quickly emerged as a leader in the development of luxury rental communities nationwide. Lennar Multifamily specializes in the creation of quality urban, suburban and student housing. Each development is constructed to complement the existing neighborhood and designed with luxury features and amenities. Through institutional and private equity partnerships, Lennar Multifamily provides construction management, asset management, development and property management services to create high quality rental communities. See www.lennarmultifamilycommunities.com

About KTGY Group
Celebrating 23 years, KTGY Group, Inc., Architecture and Planning, is a national award-winning firm providing comprehensive planning and award-winning architectural design services for residential communities, retail, hospitality, mixed-use and related specialty developments. KTGY delivers innovative solutions that reflect clear understanding of development, market and consumer trends, and financial performance. KTGY serves clients worldwide from offices in Irvine, Los Angeles and Oakland, Calif., Denver, Colo., and Tysons, Va. See www.KTGY.com

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