LOS ANGELES—Multifamily may be dominating the real estate market today, but master planned community developers are innovating living concepts as well.  CalAtlantic Homes broker ground on Solana Heights, a three-neighborhood, 147 home master planned community in Ventura. The community plays with the concept of density by including townhome living as a major component, alongside single-family homes.

“Solana Heights will bring a truly unique blend of townhome and single-family homes to Ventura's highly-desirable Westside,” Elliot Mann, Southern California Coastal Division president for CalAtlantic Homes, tells GlobeSt.com. He adds that the community will include amenities as well as close proximity to Downtown Ventura and immediate access to the US-101 and SR-33 freeways.

The project simultaneously addresses density and urban-style living along with affordability. The townhomes are priced starting in the mid $400,000s and the single-family homes, which are sizable with five bedrooms and nearly 3,000 square feet, are priced starting in the mid $500,000s.

The Ventura and Valley markets have been incredibly active recently with growth in the office and industrial markets. The Ventura market has an incredibly low industrial vacancy rate, and has seen a fair amount of new construction, while the office market has shifted from government and aerospace driven to telecommunications and high-tech job centers. These markets have helped to fuel growth in the residential and multifamily markets, and there have been calls for more housing. In fact, some investors have listed nearby Oxnard as a key market for multifamily investors this year.

Solana Heights is slated to open this summer and will likely reap the benefits of the phenomenal growth in these markets. CalAtlantic expects the community will be a major part of the revitalization in the area.

LOS ANGELES—Multifamily may be dominating the real estate market today, but master planned community developers are innovating living concepts as well.  CalAtlantic Homes broker ground on Solana Heights, a three-neighborhood, 147 home master planned community in Ventura. The community plays with the concept of density by including townhome living as a major component, alongside single-family homes.

“Solana Heights will bring a truly unique blend of townhome and single-family homes to Ventura's highly-desirable Westside,” Elliot Mann, Southern California Coastal Division president for CalAtlantic Homes, tells GlobeSt.com. He adds that the community will include amenities as well as close proximity to Downtown Ventura and immediate access to the US-101 and SR-33 freeways.

The project simultaneously addresses density and urban-style living along with affordability. The townhomes are priced starting in the mid $400,000s and the single-family homes, which are sizable with five bedrooms and nearly 3,000 square feet, are priced starting in the mid $500,000s.

The Ventura and Valley markets have been incredibly active recently with growth in the office and industrial markets. The Ventura market has an incredibly low industrial vacancy rate, and has seen a fair amount of new construction, while the office market has shifted from government and aerospace driven to telecommunications and high-tech job centers. These markets have helped to fuel growth in the residential and multifamily markets, and there have been calls for more housing. In fact, some investors have listed nearby Oxnard as a key market for multifamily investors this year.

Solana Heights is slated to open this summer and will likely reap the benefits of the phenomenal growth in these markets. CalAtlantic expects the community will be a major part of the revitalization in the area.