GlobeSt.com “Brandywine Expands Further into MF”
Jun. 27, 2013
GARDEN GROVE, CA-In a push to gain a stronger foothold in the multifamily sector, Brandywine Homes is developing a 34-unit rental community consisting of townhomes and flats on a 1.1-acre parcel at Hope St. and Westminster Ave. in southern Garden Grove. The firm is anticipating completion of the project in February 2014.
Designed by LSA Architecture, the community will consist of 12 one-bedroom, 16 two-bedroom and six three-bedroom townhomes and flats ranging from 771 square feet to 1,226 square feet. Amenities will include granite countertops and upgraded appliances. GlobeSt.com was unable to reach Brandywine before deadline to discuss the estimated construction costs, but a spokesperson for the firm tells us that the project does not have a name yet.
The community will be the second multifamily development for the Irvine-based homebuilder, which has largely focused on developing single-family infill projects designed to respect the architectural integrity of existing neighborhoods. In January, Brandywine broke ground on a 25-unit project on .887 acres near Dale St. and Stanford Ave. here. In addition to the Hope St. project, the firm has two more multifamily developments in the pipeline.
“We’re bullish on housing in general right now—both rental communities and for-sale housing,” said Dave Barisic, VP of sales and marketing for Brandywine, in a prepared statement. “Orange County continues to see healthy job growth, and it’s a place people want to live.”
While single-family detached homes are the company’s mainstay, Barisic explained that Brandywine has long wanted to diversify its offerings. “Expanding into the multifamily rental market is something we have been interested in for many years. It allows us to serve a population that we believe has been underserved in our core market area.”
As GlobeSt.com reported in May, Brandywine Homes has acquired 12 lots in the 2.2-acreEstates Pasadena community in East Pasadena. Construction of a dozen four-bedroom to five-bedroom houses will begin this month, with anticipated completion in May 2014.
