SYLMAR, CA—Presidio and Williams Homes have broken ground on Foothill 74, a community with 74 townhomes that will provide attainable workforce housing to the community. The townhomes will be priced in the $300,000 range, and will be available for sale beginning in January 2016. The development will be complete and ready for owner occupancy in 2017.

“This is an infill project in the L.A. market. As the economy has continued to be positive, buyers have more confidence and want to own their own homes and there is a lack of supply in that market,” Don Faye, principal at Presidio Residential Capital, tells In Sylmar, the median price tag for a home is $535,000, and prices are escalating. These homes will fill the void for attainable and family-oriented workforce housing.  

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.