The Residence at Casa Loma
1205-1219 North University Street
Redlands, CA 92374
Highlights
- 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
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.
The City of Redlands was officially incorporated in 1888 and is situated in the San Bernardino Valley. It is positioned 63 miles east of Los Angeles, 110 miles north of San Diego, and 500 miles southeast of San Francisco. Nestled within the southwestern portion of San Bernardino County, the city covers an area of 36 square miles, at the heart of the Inland Empire, and is home to approximately 70,000 residents.
Redlands' economy thrives mainly in the service and trade sectors, with a focus on industries such as healthcare, retail trade, government, education, and light manufacturing. The region boasts a diverse manufacturing and industrial base, which has contributed to the relative stability of its unemployment rate over the years.
The city still has significant available land for industrial, commercial, and office use, with only a portion of these areas currently in use. Several major industries, including computer hardware and software manufacturers, electrical controls and automobile component manufacturers, as well as various financial and insurance institutions, have their headquarters or divisions situated within the city or in close proximity.
Among the notable employers in the City of Redlands or its vicinity are the Redlands Unified School District, the United States Postal Service, ESRI (Environmental Systems Research Institute), Redlands Community Hospital, Verizon/GTE, the University of Redlands, the City of Redlands, Loma Linda University Medical Center, the Jerry L. Pettis Veterans Hospital, and the VA Loma Linda Healthcare System.
