Redevelopment Project Under Way in Escondido
San Diego Business Journal – September 2011
Westview Real Estate announced that construction is well underway on Mizner Townhome Apartments, a redevelopment project in Escondido that will transform the former outdated apartment building into more modern rental units.
Mizner Townhome Apartments will help improve the aesthetic appeal of East Mission Avenue in Escondido while also providing residents with modern living townhome-style apartments.
Pioneered by Westview Real Estate, the company acquired the property in June 2011 and is undertaking a large-scale redevelopment to renovate both the exterior and interiors of the building to help bring the apartment complex up to par with some of the newer developments in the neighborhood. After a short three months, the project is nearly complete with a number of units currently available to rent starting at $1,195 per month.
“There is healthy demand for higher-quality rental units in Escondido,” said Rob Perkins, managing principal at Westview Real Estate. “Mizner Townhome Apartments will bring a fresh new look and feel to the neighborhood with a completely remodeled apartment complex.”
Mizner Townhome Apartments will help strengthen Escondido’s apartment market by providing updated housing to the next generation of residents who are entering the rental pool after the turn of the recession with strong careers and healthy wages.
The majority of the multi-family housing units in Escondido were built between the 1970’s and the early 1980’s and no longer meet the expectations of renters seeking modern day accommodations. Mizner Townhome Apartments, formerly known as The Grant Apartments, offers outdoor and indoor amenities designed to enhance the aesthetic appeal of the property and foster a sense of clean, comfortable and community-centric apartment living for residents.