exclusive development offering - LoopNet · 8 0 - U N I T P R I M E C O N D O M I N I U M D E V E L...

exclusive development offering

Lee & Associates®

LA North/Ventura, Inc.Corporate ID #01191898

A Member of the Lee & AssociatesGroup of Companies

1995 N. Ventura Avenue | Ventura, CA

8 0 - U N I T P R I M E C O N D O M I N I U M D E V E L O P M E N T S I T E

15250 Ventura Blvd., Suite 100 Sherman Oaks, CA 91403

P: 818-986-9800 F: 818-933-0405

www.lee-associates.com

JIM FISHERPrincipal

BRE #00693978818.933.0339

[email protected]

MIKE SMITHPrincipal

BRE #01460413818.933.0334

[email protected]

M-HI

15250 Ventura Blvd, Suite 100 • Sherman Oaks, CA 91403 • 818.986.9800

1995 Ventura Avenue, Ventura, CA

M-HI

EXECUTIVE OVERVIEW

SECTION I

M-HI



No warranty or representation is made to the accuracy of the foregoing information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

De Anza Courts Mixed Use Project is a 2.7-acre development on Ventura Avenue in the coastal community of Ventura, California. Currently a lemon orchard, the property is located approximately one mile from the Pacific Ocean and Downtown Ventura. It is adjacent to the Ojai Freeway Highway 33 as well as the Ventura Freeway Highway 101, which situates it just 25 minutes south of Santa Barbara and 25 minutes north of Thousand Oaks. The town of Ojai is 25 minutes inland via Highway 33. The Ventura River Bike Trail located just west of the property connects Downtown Ventura to Ojai and the ocean. The temperate climate is typical of California coastal towns.

PROPERTY OVERVIEW

PRICE: Unpriced

TOTAL LAND: Approximately 117,612 square feet (2.7 acres)

NUMBER OF UNITS: 80-Unit Mixed-Use Project

INTERSECTION: N. Ventura Avenue at De Anza Dr in Ventura

APN #’s: 068-0-070-015 & 035

PROPOSED CONSTRUCTION TYPE: Podium

DENSITY: 29.62 units/acre

EXECUTION SUMMARY

De Anza Courts will be Ventura’s newest and most exiting mixed use community, located on Ventura’s Westside two blocks north of Stanley Avenue. This site has excellent visibility and marketability. The property lies just one mile from the Ocean and two blocks away from Sycamore Village, a project completed in 2003 consisting of 215 detached and 77 attached dwelling units.

PROJECT OVERVIEW

M-HI




The project consists of 80 residential units with 1,779 square feet of grade level retail along Ventura Avenue. There will be a total of three buildings; two consisting of a ‘podium’ form 2 level parking structure, with 2-1/2 stories of ‘flat’ and ‘townhouse’ style units in Mediterranean and Coastal architecture styles. The third building will contain retail space with 4 flex units located above. These four units will provide a flexible live over work opportunity for residents.

‘Walk-up’ one, two and three bedroom units have been designed to provide a rich interior environment, appropriate to the local market. Each spacious and well designed unit will come equipped with central HVAC systems, a washer and dryer, and will have either a private patio or balcony, oriented to provide picturesque views of the landscaped open spaces within the complex and surrounding hills. Each of the two large building will have a 2 level podium style subterranean parking structure with security gates. 219 total parking spaces are provided at a generous ratio of 2.13 spaces per residential unit. Each unit will have at least one covered stall with additional spaces provided on an availability basis. The project may also include an exercise facility as part of the retail building along Ventura Ave.

PROPERTY OVERVIEW

PROJECT DESCRIPTION

De Anza Courts is to be built to very high quality condominium standards with an underlying subdivision map. The project’s approved tentative tract map allows flexibility in the final form of the project, whether built as apartments or condominiums, based on possible market conditions.

ADDTIONAL PROJECT DESCRIPTION

The proposal by New Urban Ventures, LLC for De Anza Courts is for a higher density residential/commercial mixed use project in compliance with the Westside Revitalization Plan (WRP) and the City Council adopted 2005 General Plan Diagram, Commerce designation. The Commerce designation of the 2005 General Plan is consistent with the WRP designation for the subject property, Mixed Use NEW (30.6 Dwellings per acre, including retail and office uses). De Anza Courts embodies the principles of New Urbanism emphasizing the public realm, pedestrian friendly streets and blocks, a diversity of uses and a diversity of building types to generate a sense of neighborhood identity. The project is within the five minute walking pedestrian shed of Sycamore Village, which forms the neighborhood hub of the area.

M-H

I

1525

0 Ve

ntur

a Bl

vd, S

uite

100

• S

herm

an O

aks,

CA

9140

3 •

818

.986

.980

0

1995

Ven

tura

Ave

nue,

Ven

tura

, CA

REG

ION

AL

AER

IAL

M-H

I

1525

0 Ve

ntur

a Bl

vd, S

uite

100

• S

herm

an O

aks,

CA

9140

3 •

818

.986

.980

0

1995

Ven

tura

Ave

nue,

Ven

tura

, CA

RA

DIU

S A

ERIA

L

M-H

I

1525

0 Ve

ntur

a Bl

vd, S

uite

100

• S

herm

an O

aks,

CA

9140

3 •

818

.986

.980

0

1995

Ven

tura

Ave

nue,

Ven

tura

, CA

PLA

T M

AP

M-HI




TOTAL BUILDINGS AREA SUMMARY

TOTAL ALL BUILDINGSUNIT TYPE QUANTITY TOTAL HAB AREA (S.F.)SMALL FLEX 1 984MEDIUM FLEX 2 3,309LARGE FLEX 1 1,815ONE BEDROOM 2 2,134TWO BEDROOM 38 42,206THREE BEDROOM 28 47,808LIVE/FLEX, 2 BEDROOM 8 14,490

COMBINED TOTAL 80 112,746

BUILDING ‘A’ TOTALSUNIT TYPE QUANTITY TOTAL HAB AREA (S.F.)SMALL FLEX 1 984MEDIUM FLEX 2 3,309LARGE FLEX 1 1,815

4 6,108

BUILDING ‘B’ TOTALSUNIT TYPE QUANTITY TOTAL HAB AREA (S.F.)ONE BEDROOM 1 1,067TWO BEDROOM 19 21,103THREE BEDROOM 14 23,904LIVE/FLEX, 2 BEDROOM 4 7,245

38 53,319

BUILDING ‘C’ TOTALSUNIT TYPE QUANTITY TOTAL HAB AREA (S.F.)ONE BEDROOM 1 1,067TWO BEDROOM 19 21,103THREE BEDROOM 14 23,904LIVE/FLEX, 2 BEDROOM 4 7,245

38 53,319

PROPERTY OVERVIEW

M-HI




PROPERTY OVERVIEW

PARKING SUMMARY

COVERED PARKING BUILDING ‘A’Total

Covered StallsCovered Tandem Stalls 10

COVERED PARKING BUILDING ‘B’Covered

Standard StallsCovered

Tandem StallsCovered

H.C. StallsTotal

Covered StallsGrade Level Garage 26 0 1 27Subterranean Level Garage 38 16 0 54Combined Total Covered 64 16 1 81COVERED PARKING BUILDING ‘C’

CoveredStandard Stalls

CoveredTandem Stalls

CoveredH.C. Stalls

TotalCovered Stalls

Grade Level Garage 26 0 2 27Suterranean levevl Garage 38 16 0 54Combined total Covered 64 16 1 81OPEN ON-STREET PARKINGBuilding ‘A’ Adjacent 10Building ‘B” Adjacent 20Building ‘C’ Adjacent 17Combined Total Open 47TOTAL PARKINGCovered 172Open On-Street 47Total Combined Stalls 219COVERED PARKING ANALYSIS

Unit Type Stalls/Unit No of UnitsCovered Stalls

ProvidedFlex ‘B’/’C’ 1 8 8Affordable 1 2 2One Bedroom 1 2 2Two+ Bedroom 2 64 128Flex ‘A’ 2 4 8

Totals 80 148Retail 1,779 Square Feet 2PARKING PROVIDEDUnit Type Covered On-street Total80 Units 170 41 211Retail 2 6 8

Grand Total 219Unit Parking Ratio 207 / 80 = 2.6 Stalls per unitRetail Parking Ratio 1,779 / 8 = 1 Stall per 222 Sq. Ft.

M-HI




PROPERTY OVERVIEW

GENERAL SITE & BUILDING DATA

SITE AREA SUMMARYLOT AREA 117,612 2.7 AcresLANDSCAPED WALKS & PATIOS 26,338 22%PAVED ASPHALT CONCRETE 21,200 18%BUILDING ‘A’ FOOTPRINT 7,356 6%BUILDING ‘B’ FOOTPRINT 31,359 27%BUILDING ‘C’ FOOTPRINT 31,359 27%

SITE AREA SUMMARY

SITE USESQUARE FEET

EXISTINGSQUARE FEET

PROPOSEDPERCENTAGE

EXISTINGPERCENTAGE

PROPOSEDAREA COVERED BY BUILDING(S) 0 70,074 0 60%AREA PAVED FOR PARKING OR WALKWAYS 0 21,200 0 18%AREA LANDSCAPED 100% Ag 26,338 100% 22%TOTAL 100% 117,612 100% 100%

BUILDING DATA

NUMBER OF STORIESNUMBER OFBUILDINGS

GROSSFLOOR AREA

BUILDING HEIGHT

ONE STORY - - -TWO STORIES - - -THREE STORIES 3 119,373 34’ ROOF PLATEFOUR STORIES - - -TOTAL 3 119,373 34’ ROOF PLATE

M-HI




PROPERTY OVERVIEW

BUILDING ‘A’ SUMMARY | TOTAL HABITABLE AREA = 10,970 SF

UNIT NO FLOOR LEVEL TYPE AREA SF CATAGORY CLG HTA01 GRADE LEVEL RETAIL PORTION ‘A’ RETAIL 1,779 RETAIL 14’-0”A02 SECOND LEVEL PORTION ‘A’ FLEX 1,657 MID-SIZE UNIT 10’-0”A03 SECOND LEVEL PORTION ‘A’ FLEX 1,662 MID-SIZE UNIT 10’-0”A04 THIRD LEVEL PORTION ‘A’ FLEX 1,815 SMALLER UNIT 10’-0”A05 THIRD LEVEL PORTION ‘A’ FLEX 1,815 LARGER UNIT 10’-0”G GRADE LEVEL RETAIL GARAGE 1,827 GARAGE 14’-0”X1 GRADE LEVEL RETAIL CIRC 839 LOBBY / CORRIDOR 14’-0”X2 GRADE LEVEL RETAIL CIRC 451 LOBBY / CORRIDOR 14’-0”X3 SECOND LEVEL CIRC 1,042 LOBBY / CORRIDOR 14’-0”X4 THIRD LEVEL CIRC 788 LOBBY / CORRIDOR 14’-0”

M-HI




PROPERTY OVERVIEW

BUILDING ‘B’ SUMMARY | TOTAL HABITABLE AREA = 53,279 SF

UNIT NO CATAGORY TYPE AREA SF CLG HT01 2 BEDROOM, 2 BATH UNIT 4-K 1,426 10’-0”02 2 BEDROOM, 2 BATH UNIT 4-L 1,368 10’-0”03 1 BEDROOM, 1 BATH UNIT 4-M 1,067 10’-0”04 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5D 1,791 10’-0”05 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1,815 10’-0”06 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1,815 10’-0”07 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1,815 10’-0”08 3 BEDROOM, 3 BATH UNIT 1 B-4 1,793 10’-0”09 3 BEDROOM, 3 BATH UNIT 1 A-2 1,773 10’-0”10 3 BEDROOM, 3 BATH UNIT 1 B-2 1,779 10’-0”11 3 BEDROOM, 3 BATH UNIT 1 C 1,732 10’-0”12 3 BEDROOM, 3 BATH UNIT 1 C 1,732 10’-0”13 3 BEDROOM, 3 BATH UNIT 1 D 1,779 10’-0”14 3 BEDROOM, 3 BATH UNIT 1 E 2,165 10’-0”15 3 BEDROOM, 3 BATH UNIT 1 A-3 1,727 10’-0”16 3 BEDROOM, 3 BATH UNIT 1 B-3 1,709 10’-0”17 3 BEDROOM, 3 BATH UNIT 1 B-3 1,709 10’-0”18 2 BEDROOM, 2 BATH UNIT 4 1,075 10’-0”19 3 BEDROOM, 2.5 BATH UNIT 6A 1,549 10’-0”20 2 BEDROOM, 2.5 BATH UNIT 7 1,583 10’-0”21 3 BEDROOM, 2.5 BATH UNIT 9 1,520 10’-0”22 3 BEDROOM, 2.5 BATH UNIT 8 1,562 10’-0”23 3 BEDROOM, 2.5 BATH UNIT 6B 1,398 10’-0”24 2 BEDROOM, 2 BATH UNIT 4-G 999 10’-0”25 2 BEDROOM, 2 BATH UNIT 4-F 999 10’-0”26 2 BEDROOM, 2 BATH UNIT 4-F 999 10’-0”27 2 BEDROOM, 2 BATH UNIT 4-H 1,055 10’-0”28 2 BEDROOM, 2 BATH UNIT 4-A 1,021 10’-0”29 2 BEDROOM, 2 BATH UNIT 4-B 996 10’-0”30 2 BEDROOM, 2 BATH UNIT 4-C 1,019 10’-0”31 2 BEDROOM, 2 BATH UNIT 4-C 1,019 10’-0”32 2 BEDROOM, 2 BATH UNIT 4-B 996 10’-0”33 2 BEDROOM, 2 BATH UNIT 4-D 1,042 10’-0”34 2 BEDROOM, 2 BATH UNIT 4-DY 1,042 10’-0”35 2 BEDROOM, 2 BATH UNIT 4-BY 996 10’-0”36 2 BEDROOM, 2 BATH UNIT 4-E 1,083 10’-0”37 2 BEDROOM, 2 BATH UNIT 11 1,245 10’-0”38 2 BEDROOM, 2 BATH UNIT 12 1,127 10’-0”

M-HI




PROPERTY OVERVIEW

BUILDING ‘C’ SUMMARY | TOTAL HABITABLE AREA = 53,279 SF

UNIT NO CATAGORY TYPE AREA SF CLG HT01 2 BEDROOM, 2 BATH UNIT 4-K 1,426 10’-0”02 2 BEDROOM, 2 BATH UNIT 4-L 1,368 10’-0”03 1 BEDROOM, 1 BATH UNIT 4-M 1,067 10’-0”04 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5D 1,791 10’-0”05 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1,815 10’-0”06 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1,815 10’-0”07 LIVE/FLEX, 2 BEDROOM, 2 BATH UNIT 5C 1,815 10’-0”08 3 BEDROOM, 3 BATH UNIT 1 B-4 1,793 10’-0”09 3 BEDROOM, 3 BATH UNIT 1 A-2 1,773 10’-0”10 3 BEDROOM, 3 BATH UNIT 1 B-2 1,779 10’-0”11 3 BEDROOM, 3 BATH UNIT 1 C 1,732 10’-0”12 3 BEDROOM, 3 BATH UNIT 1 C 1,732 10’-0”13 3 BEDROOM, 3 BATH UNIT 1 D 1,779 10’-0”14 3 BEDROOM, 3 BATH UNIT 1 E 2,165 10’-0”15 3 BEDROOM, 3 BATH UNIT 1 A-3 1,727 10’-0”16 3 BEDROOM, 3 BATH UNIT 1 B-3 1,709 10’-0”17 3 BEDROOM, 3 BATH UNIT 1 B-3 1,709 10’-0”18 2 BEDROOM, 2 BATH UNIT 4 1,075 10’-0”19 3 BEDROOM, 2.5 BATH UNIT 6A 1,549 10’-0”20 2 BEDROOM, 2.5 BATH UNIT 7 1,583 10’-0”21 3 BEDROOM, 2.5 BATH UNIT 9 1,520 10’-0”22 3 BEDROOM, 2.5 BATH UNIT 8 1,562 10’-0”23 3 BEDROOM, 2.5 BATH UNIT 6B 1,398 10’-0”24 2 BEDROOM, 2 BATH UNIT 4-G 999 10’-0”25 2 BEDROOM, 2 BATH UNIT 4-F 999 10’-0”26 2 BEDROOM, 2 BATH UNIT 4-F 999 10’-0”27 2 BEDROOM, 2 BATH UNIT 4-H 1,055 10’-0”28 2 BEDROOM, 2 BATH UNIT 4-A 1,021 10’-0”29 2 BEDROOM, 2 BATH UNIT 4-B 996 10’-0”30 2 BEDROOM, 2 BATH UNIT 4-C 1,019 10’-0”31 2 BEDROOM, 2 BATH UNIT 4-C 1,019 10’-0”32 2 BEDROOM, 2 BATH UNIT 4-B 996 10’-0”33 2 BEDROOM, 2 BATH UNIT 4-D 1,042 10’-0”34 2 BEDROOM, 2 BATH UNIT 4-DY 1,042 10’-0”35 2 BEDROOM, 2 BATH UNIT 4-BY 996 10’-0”36 2 BEDROOM, 2 BATH UNIT 4-E 1,083 10’-0”37 2 BEDROOM, 2 BATH UNIT 11 1,245 10’-0”38 2 BEDROOM, 2 BATH UNIT 12 1,127 10’-0”

M-HI




PROPERTY OVERVIEW

North Side Looking South East Along De Anza St Bird’s Eye Looking East At De Anza

Bird’s Eye Looking To Building ‘C’ At Flex St Bird’s Eye - Flex St

M-HI




PROPERTY OVERVIEW

Building ‘A’ - Ventura Ave Frontage

Building ‘A’ - Left Side

Building ‘A’ - Right Side (Facing 2025)

Building ‘A’ - Lane

M-HI




PROPERTY OVERVIEW

Building ‘B’ - De Anza St Side

Building ‘B’ - Live/Flex Side

Building ‘B’ - Lane Side

M-HI




PROPERTY OVERVIEW

Building ‘C’ - De Anza St Side

Building ‘C’ - Live/Flex Side

Building ‘C’ - South Side

M-HI




AMENITIES AERIAL



M-HI

AREA OVERVIEW

SECTION II

M-HI




There are numerous nearby recreational opportunities such as the beach, public swimming pools, Ventura River Bike Trail, Grant Regional Park, Ventura County Seaside Park, and Ventura Harbor. Most are within one mile of the project. Buyers can avail themselves to the nearby beaches and parks or charming downtown Main Street for shopping and restaurants. The specific plan for the area calls for pedestrian corridors, parks and a large community pool located within walking distance of the project.

The project has been designed to take advantage of the residential and commercial redevelopment occurring on the Westside of Ventura, which is in mid transition from light industrial and agricultural uses.

De Anza Courts with its classic Mediterranean and Coastal architectural motifs has been carefully designed to offer the best in luxury, convenience and security.

Located midway between Malibu and Santa Barbara, the City of Ventura combines a seaside lifestyle with a bustling commercial hub near several colleges and universities.

The population of about 106,433 residents has seen significant growth – 5.2 percent between 2000 and 2012.

Ventura is an affluent city with an average household income of $82,244 annually. At the same time, the cost of living in the city is lower than in any other California city.

With a scarcity of multifamily housing stock, nearly 60 percent of Ventura’s population is comprised of homeowners.

Ventura’s diversified economy encompasses agriculture, healthcare and manufacturing. There are 162 mostly small to mid-sized manufacturing companies generating some $450 million annually and about 4,000 jobs. Community Memorial Health System employs about 1,800 workers, mostly at its Community Memorial Hospital. Ventura also is home to corporate and regional headquarters including Allied Beverage Company, Ticla and Patagonia, and the city recently established Ventura Ventures Technology Center, offering a total of about 10,000 SF of flexible space to incubator companies in the tech sector.

Entertainment and recreational offerings are plentiful and include Ventura County Fairgrounds and Raceway, Channel Islands National Park, the Downtown Ventura Historic District with restaurants, art galleries and shops and a myriad of water sports and fishing along the beaches and the pier.

AREA OVERVIEW

Jim FisherPrincipal

[email protected]

Mike SmithSenior Associate

[email protected]

Lee & Associates®-LA North/Ventura, Inc.A Member of the Lee & Associates® Group of Companies

15250 Ventura Boulevard, Suite 100Sherman Oaks, CA 91403

Office 818.986.9800 Fax 818.783.9260

M-HI

exclusive development offering - LoopNet · 8 0 - U N I T P R I M E C O N D O M I N I U M D E V E L...

Documents

Transcript of exclusive development offering - LoopNet · 8 0 - U N I T P R I M E C O N D O M I N I U M D E V E L...