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A pair of vacant mid-century residential buildings in Brentwood will soon meet with the wrecking ball, to be replaced by a modern rental development.

Later this month, Elite Real Estate will begin work on a luxury apartment complex at 11965 Montana Avenue.  The five-story development, designed by an in-house architect, would comprise 49 residential units and amenities including a pool and a rooftop deck.  The proposed building would occupy an approximately half-acre site, located mid-block between Bundy Drive and San Vicente Boulevard.

Plans call for a mixture of two- and three-bedroom dwellings, each averaging approximately 1,600 square feet in size.  Rents in the low-rise complex will average $4,750 per month, excluding four units reserved for low-income households.

Demolition of the existing structures at 11965 Montana Avenue is scheduled to begin in one week, with all materials expected to be harvested and reused.  Construction of the new building is expected to occur over one-and-a-half years, with delivery currently scheduled for the third quarter of 2016.

 

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Senior Affordable Housing Opens Near Orange County's Great Park

The two-building development features 157 apartments.
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Developers Related California and FivePoint have opened a new affordable housing complex near Irvine's Great Park.  The project, called Luxaira, features 157 residential units catering to low-income seniors.  It is the second senior affordable development to be built in the Great Park neighborhoods by Related, FivePoint, and collaborator RCC Charitage.  To date, more than 500 affordable housing units have been built around the park in four separate projects.