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 Xenia TownhomesEast 8th Street at Xenia AvenueBeaumont, California Description:
Xenia Townhomes will consist of 183 for-sale attached townhomes. Buyers will have a choice of three distinct floor plans ranging in size from 1,425 to 1,854 sq ft. The townhomes will be built within a gated community featuring a playground, swimming pool and spa area, community room, basketball court, and ample open space. The project will also include a minimum of 412 parking spaces.
Location:
The project is located on the east side of Xenia Avenue, south of 8th Street, in the City of Beaumont, Riverside County. Beaumont is expected to continue to grow as residents from Los Angeles and Orange Counties, and other areas in the Inland Empire seek more affordable housing opportunities. The site is conveniently located less than one half mile off the I-10 Freeway, providing residents with convenient access to major cities in the region. Several community amenities are within close proximity to the site, including a new elementary school, public library, Super Wal-Mart, and adjacent neighborhood retail services.
Size:
299,925 net residential sq ft on 10.93 acres
Community
Benefits: All the homes are targeted to be affordable to households earning below 150% of the average median income for the area. The property is located in a designated low-to-moderate income census tract according the US Department of Housing and Urban Development.
Developer:
MCG Development Co., Inc. is a California based development company whose principals have over 90 years of combined experience in the real estate industry. Collectively, they have developed over 20 projects resulting in the production of 1,000 units of housing and a total investment of more than $50 million.
Project Cost:
$46,000,000
Financed By:
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