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Village Partners Ventures, a joint venture between Village Partners and the Bascom Group, has announced plans to build a mixed-use property in Montclair, California. The joint venture purchased the six-acre land site for $10 million and secured a $77 million construction loan.

Known as Village Montclair and located at 5050 Arrow Highway, the property will feature 350 apartment units with ground floor street front retail. New Urbanist design firm Torti Gallas has designed the property as a “walkable transit village” and has included a Village Square and the Station Promenade as public spaces in the project as well as a pedestrian connection to the Montclair Transit Station and future Metro Goldline.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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