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PROJECT
OVERVIEW
Dubbed Watermark, the mixed-use project features 250 apartments
above approximately 6,600 square feet of community-serving retail
space in Reseda, California. The property occupies a prominent 2.4-acre
site fronting Reseda Boulevard, the main arterial thoroughfare leading
through the San Fernando Valley core. Designed by the Albert Group
Architects, the contemporary podium-type building combines six floors
in the front building with five stories of townhome units in the back
building. Its diverse mix of studio, one-, two, and three-bedroom units
range in size from 419 to 1,386 square feet. Expected to deliver in Fall
2020, the project will begin pre-leasing three months prior to completion
and certificate of occupancy, with full stabilization estimated to occur
nine months following delivery.
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