1205-1219 North University Street

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Address: 1205-1219 North University Street, Redlands, California, US
Created date: February 27, 2024
Date last updated: February 27, 2024
  • 147-Unit Moresque-Spanish Style Multifamily
  • Plans Approved and Permits Ready to Issue (RTI)
  • 5.7 Acres Adjacent to University of Redlands
  • Minutes From ESRI Corporate Headquarters
  • Metrolink Arrow Station Built in 2022 is Minutes Away
  • Excellent Mix of Studios, 1 Bedrooms & 2 Bedrooms
  • Amenities Including: Resort-Style Pool & Spa, Covered Cabanas, Yoga & Fitness Center, Clubhouse, Mail Lounge, Garden & Dog Park

Property Description

NAI Capital, as exclusive advisors to ownership, is proud to present for sale The Residence at Casa Loma development project. The Moresque-Spanish design was inspired by the former Casa Loma Hotel with with towers, tile roofs, covered balconies, arches, shutters and corbels. The opportunity consists of 5.7 acres of land with approved 147 multifamily residential units within 3-story buildings. The unit mix includes studio, one-bedroom and two-bedroom plans that range from 603 SF to 1,086 SF. The project is located south of Lugonia Avenue between Occidental Drive and University Street. This prime location is adjacent and walking distance to the University of Redlands and just minutes from the ESRI corporate headquarters. The site offers easy access to the 10 and 210 Freeways for commuters. The newly built Redlands-University Metrolink station is also minutes away and connects residences to San Bernardino and all the way to Los Angeles.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $14,700,000
No. of Units: 147
Lot Size: 5.70 Sq ft
Opportunity Zone: No
Price per unit: $100,000
Property Website Click Here
Address: 1205 N University St, Redlands, CA 92374, USA
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