Apartments Going Up Near Hospitals

 ORANGE, CA—The Picerne Group, in collaboration with Rockwood Capital and The Muller Company, has formed a joint venture on a 2.76-acre site to build ELEVEN10 West, a 260-unit multifamily rental community one block from Children's Hospital of Orange County and St. Joseph Hospital. The project is expected to be completed, and open for lease in summer 2017.

“The demand driver behind this well located community in Central Orange County is jobs, jobs, jobs,” said The Picerne Group managing director, Brad Perozzi. “Three of the top ten hospitals in Orange County are located in close proximity to the project.”

A five-story podium building at 1110 Town and Country Road just off Main Street is being designed by TCA Architects. It will include 43 studios, 117 one-bedroom and 100 two-bedroom apartments for a total of 224,293 rentable square feet. With a contemporary architectural style consistent with the objectives of an urban mixed-use zone, the community will improve the area by using a variety of high quality materials including wood siding, metal awnings and burnished block. The massing and articulation holds the street edge while complementing the scale of the surrounding uses. 

The ELEVEN10 West community will include more than 500 parking spaces, three interior courtyards with a massive primary pool courtyard consisting of more than 13,000 square feet including pool, spa, cabanas and lounging areas; an outdoor entertaining space with gaming; a state-of-the-art indoor/outdoor fitness center; and a catering-style kitchen. WiFi will be available in all common areas, ready for every opportunity to work or play.

ELEVEN10 West is being designed to coincide with the City of Orange's general plan's mixed-use vision created in 2010. The Picerne Group is helping transform an underutilized commercial site into a pedestrian friendly horizontal mixed-use development with quality housing close to employment. The community is adjacent to a 16-story class A office building constructed in the late 1980s as part of the first phase of development.

“We cannot begin to thank the City of Orange enough for placing its faith in our firm to execute this vision. We are honored to be doing business in the City of Orange,” Perozzi said. 

The community is near the Westfield MainPlace Mall and Orange Town and Country Shopping Center. Visibility and access are excellent from the nearby I-5, 22, 57 and 55 freeways.

The Picerne Group (TPG) is a privately held, Southern California-based real estate investment firm that focuses on real estate investments nationwide, as well as best-in-class asset management.