(Read more on the multifamily market.)
WESTLAKE VILLAGE, CA-Locally based developer TR Funding's34,000-sf Vantage at Westlake office condominium project has brokenground at 95% sold out, according to locally based WestcordCommercial Real Estate Services. Tony Principe of Westcord, who isthe listing agent for the development, says that 22 of the 23individual units of from 800 sf to 2,000 sf have been sold to avariety of users.
The $17-million development, the first such project in WestlakeVillage in a number of years, is being built on a two-acre site at2620 Townsgate Rd., near the Ventura Freeway and a block west ofWestlake Boulevard. TR Funding expects to complete the two-storyclass A concrete and steel project in the third quarter.
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