JPI to Build First Residences in Vista Canyon

SANTA CLARITA, Calif., January 3, 2018 (Newswire.com) - JPI, a national developer of first-class multifamily homes, will be building luxury apartments in the heart of Vista Canyon, a new transit-oriented community by JSB Development under construction in Santa Clarita, California. The 13.08-acre, 480-home resort-style development is the first multifamily complex in Vista Canyon's centralized town square and will feature floor plans in trendsetting studio, one, two and three-bedroom designs.

Vista Canyon is a 185-acre mixed-use, walkable community by master developer JSB Development. Santa Clarita is Los Angeles County's third largest city and one of the fastest growing markets in the state.

JPI brings a respected reputation for outstanding luxury apartment communities that deliver exceptional living experiences to residents. We believe they are a great partner for us in Vista Canyon's first residential community and will set a very high standard for continued excellence in our future home neighborhoods.

James S. Backer, President of JSB Development

Transit-focused, pedestrian and cyclist friendly, Vista Canyon's innovative design integrates urban vitality and connectivity with sustainability and small-town charm. The community "reimagines the suburban experience" with a bustling, tree-lined main street known as Lincoln Place, dynamic work environments, ultra-accessible transit options including a transit center with Metrolink station, inviting gathering places, generous recreational amenities and abundant open space – all connected by 10 miles of pedestrian, bike and equestrian trails. The community will ultimately offer 1,100 homes – luxury apartments, townhomes and for-sale residences.

Residents of the apartment homes constructed by JPI will enjoy the energy, prestige and convenience of a city center address located just steps from shops, coffeehouses, cafes, corporate offices, entertainment and transit.

JPI's Western Region, based in San Diego, is developing multifamily communities in Arizona and California, including Jefferson Pacific Beach – a 172-unit luxury, mixed-use development adjacent to Mission Bay in San Diego, and Jefferson Stadium Park – a 1,079-unit luxury apartment community, which includes a 1.1-acre park, and 14,600 square feet of retail space, in Anaheim's Platinum Triangle.

"JPI brings a respected reputation for outstanding luxury apartment communities that deliver exceptional living experiences to residents," said James S. Backer, President of JSB Development. "We believe they are a great partner for us in Vista Canyon's first residential community and will set a very high standard for continued excellence in our future home neighborhoods."

"JPI has great confidence in the City of Santa Clarita, as demonstrated by the fact that this will be our second community development in the City," said Todd Bowden, Senior Vice President and Managing Development Partner/JPI Western Region. "Even more, JSB's vision in developing the Vista Canyon master plan fits perfectly with JPI's breadth of view for Jefferson Vista Canyon. We value the forward-thinking approach to building communities in and around major transit centers, in the case of Vista Canyon: the Metrolink. We are committed to seeking out partnerships that share our values, and endure the test of time."

Construction is expected to begin next summer. First residents are expected to move in by mid-2019.

CBRE represented JSB Development and JPI in the sale of the property.

About Vista Canyon

Vista Canyon is an innovative new 185-acre transit-oriented community in Santa Clarita, California by JSB Development. The walkable, mixed-use community seamlessly blends urban vitality with small-town charm – offering 1,100 new homes in a variety of styles and creating a new employment hub for Santa Clarita (LA County's third-largest incorporated city). An on-site Transit Center in the heart of Vista Canyon features a Metrolink Depot and City Bus Transfer Station and links to a 10-mile network of pedestrian, bike and equestrian trails. Vista Canyon reimagines the suburban experience from the ground up – its "Town Square" offers 1 million sq. ft. of retail, corporate office, entertainment, residential and hotel uses, along with a Town Green and Community Garden. Over half of the community is dedicated as trails, parkland, river corridor and open space. A new water reclamation facility will supply recycled water to the community and surrounding areas. Learn more at vistacanyon.com.

About JPI

JPI is a national developer, builder and investment manager of Class A multifamily assets in select U.S. markets; headquartered in Texas, with offices in California, Arizona and New York. With a 30-year history of successful developments throughout major U.S. markets and an unparalleled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI has acquired, developed or is currently developing more than 331 projects. These developments include over 99,000 units located in 140 cities covering 27 states and Canada, and, together, are valued at more than $13.2 billion. In California and Arizona, JPI has previously developed and sold 28 multifamily properties totaling nearly 9,400 units at a total cost of approximately $1.6 billion. JPI's Western Region is based in San Diego, and has developed communities throughout the southwestern United States totaling over 9,400 units. Additionally, JPI's Western Region has closed over $350 million in production this year alone, and currently has $600 million of community developments under construction in both southern California and Arizona. For additional information, please visit www.jpi.com.

JSB Contact: Carol Maglione
661.305-7543
cmaglione@sbcglobal.net

Source: JSB Development