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California  + Los Angeles  + Apartments  | 

Intracorp Answers Call for Housing in Claremont

A five-acre land parcel in Claremont is slated as Intracorp Homes’ newest housing development. The 96-home community will include a mix of single-family detached homes, duplexes and townhomes. The project marks the end of the multi-phase development of the Old School House Specific Plan/OSH which has been underway for more than a decade.

The Specific Plan for OSH/Claremont Inn Revitalization was first proposed to city officials in 2006 with intent to convert a vacant hotel into residential condominiums and build a 240-space three-level parking structure north of the building. However, after several delays that resulted from the 2008 financial crisis and major design revisions, adjustments to the current site and numerous underground infrastructure improvements, the plan continuously evolved until the final proposal was approved in January 2020.

Located at the northwest corner of Indian Hill and Foothill Boulevards, the OSH development encompasses a Doubletree Hotel, Trader Joe’s, and mixed-use retail and office space. These additions were completed in earlier phases of the project by the property’s original owner who bought the OSH and Griswold’s complex in 2005.

Intracorp purchased the site through a joint venture partnership with Newport Beach-based IHP Capital Partners. Construction is planned to commence this quarter with initial sales anticipated in fourth-quarter 2021.

For comments, questions or concerns, please contact Lisa Brown

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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