SAN DIEGO, CA – For JPI, a leader in the development of Class A multifamily communities, the goal of delivering a top-of-the-line community to the residents of Santa Clarita’s Vista Canyon is now within reach. The company announced that they have closed construction financing on Jefferson Vista Canyon, a $190 million, 480-home luxury apartment community. Comerica Bank, based in Dallas, and Colony Credit Real Estate, based in Los Angeles, will provide construction financing for Jefferson Vista Canyon.
Jefferson Vista Canyon is the first major residential development within JSB Development’s Vista Canyon, a new 185-acre, mixed-use walkable community. The master-planned development will include retail, office, hospitality, apartments, townhomes and single-family residences, along with a new intermodal transit station and the Metrolink commuter rail at its center.
Also, a variety of single-family residences and a new 11-acre park will be located minutes away.
“Jefferson Vista Canyon is JPI’s third property within the Santa Clarita Valley and is a further reflection of our commitment to invest in developing communities in the region,” said Rosie Cooper, executive vice president and regional managing partner of the Western Region for JPI. “Our new luxury apartment homes will be a perfect fit for JSB’s vision of creating a living environment that integrates urban vitality and connectivity with its own 10-mile system of bike, pedestrian and equestrian paths in one of the nation’s largest urban environments.”
“Jefferson Vista Canyon is a great addition to the overall master-planned community, and we are excited to play a part in making it possible for the citizens of Santa Clarita,” said Matt Maberry, Comerica Bank’s vice president of national real estate services and the senior lender on the project.
“JPI has been a reputable name in the Southern California market for more than 20 years,” said Andrew Nguyen, senior vice president at Colony Credit Real Estate, the mezzanine lender for Jefferson Vista Canyon. “We are honored to work together on this project to deliver another top-of-the-line community to the residents of the area.”
“JSB is pleased with the announcement of construction funding for Jefferson Vista Canyon,” said James S. Backer, president of JSB Development. “With the near-completion of Vista Canyon’s water-reclamation facility, which furthers our commitment to authentic green resources, plus the growing interest in the Gensler-designed three-story office building planned for the community, the anticipated groundbreaking of JPI’s development is an outstanding trendsetter for this master-planned community.”
JPI’s Jefferson Vista Canyon community will provide a range of floorplans. A select few homes will even have rooftop decks, truly enabling residents to enjoy the live-work-play environment within this master-planned community. Jefferson Vista Canyon features unique community amenities typically found in more urban settings.
Designed by Architects Orange, based in Orange, California, Jefferson Vista Canyon is set to be complete by spring 2020.