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USA Properties Fund Plans Late-Summer Start on Age-Restricted Carlsbad Project
USA Properties Fund and The Pinyon Group will begin construction late this summer on the $21-million Vintage at Marja Acres, an affordable apartment community for 55-and-older residents in Carlsbad as part of a mixed-use development.
Located near El Camino Real between Kelly Drive and Cannon Road, the 47-unit community will offer affordable housing in the new Marja Acres neighborhood that will include 248 townhomes, a community park and restaurant.
“Marja Acres is a high-quality, unique community, offering a close-knit and easy-to-get-around neighborhood with easy access to everything that Carlsbad has to offer,” said Geoff Brown, president of USA Properties Fund. “Vintage at Marja Acres will fit a range of needs of residents, whether they are working full time or retired.”
Leasing at the property should begin in fall 2024, according to USA Properties Fund.
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- ◦Development
