INNOVATION AND NEW CONSTRUCTION UNDERWAY AT MBK HOMES' NEW SOLAR AND LEED CERTIFIED COMMUNITY, 1600 AT ARTESIA SQUARE

The 97 townhome and live-work community is the first major mixed-use development within the City of Gardena's 44-acre Artesia Corridor project

Gardena, CA (prHWY.com) August 16, 2011 - Showing signs of confidence in the real estate market, MBK Homes is taking the first step toward revitalization of Gardena's Artesia Corridor with the construction of 97 new solar and LEED certified townhomes and live-work units located in the southern portion of the city at 1600 W. Artesia Blvd. 1600 at Artesia Square is situated on 5.56 acres within and at the center of the Artesia Corridor Specific Plan area, a 44-acre revitalization area bounded by Artesia Blvd. (SR-91) to the north, Western Ave. to the west, Normandie Ave. to the east and the Dominguez Channel to the south.

1600 at Artesia Square includes 63 new townhomes and 34 live-work units. All homes are LEED certified and come standard with a 20-year pre-paid solar lease. The three-story townhomes will offer four floorplan options ranging in size from 1,706 to 2,212 square feet with up to 4 bedrooms, 2 to 3.5 baths and attached garages. Prices start in the low $400s. The live-work units will offer three floorplan options ranging in size from 1,766 to 2,309 square feet with first floors devoted to flexible office and home-based business space, and upper floors reserved for contemporary living with up to 4 bedrooms and 2.5 baths. Prices start in the mid $400s.

"The high-density residential and live-work uses at 1600 at Artesia Square are a response to the growing demand for housing by professionals seeking an urban lifestyle and at-home business opportunities," stated Tim Kane, President of MBK Homes. "It brings a whole new kind of living option for residents living in or around the South Bay who seek shorter commutes to jobs, restaurants and entertainment options."

Onsite resident amenities include a dog park, Tai Chi garden, and two outdoor entertaining spaces including fireplaces, barbeques and seating. Additionally, there are three separately owned retail buildings located on the north of the property on Artesia Blvd. that will cater to residents. Rascals Teriyaki Grill owns and operates one of the buildings that opened in November 2010. Construction on the other two retail buildings is currently underway. 1600 at Artesia Square is also within walking distance to existing restaurants, shops and other services, including Marukai market, which draws customers from the surrounding region.

The community is centrally located approximately 10 miles south of downtown Los Angeles, approximately 7 miles southeast of Los Angeles International Airport and approximately 12 miles north of the Port of Los Angeles/San Pedro. Access to and from Gardena, includes the San Diego Freeway (I-405), the Artesia Freeway (SR-91), the Harbor Freeway (I-110) and the Century Freeway (I-105).

1600 at Artesia Square is the first major mixed-use development underway since the City adopted the Artesia Corridor Specific Plan in 2006. Grading was completed in 2008 and the off-site utilities and infrastructure were completed in 2009. The construction of the townhomes and live-work units is currently underway.

"The purpose of the Specific Plan is to create a unique mixed-use environment that maximizes the retail potential of the Corridor and attracts high quality residential development," stated Mitch Lansdell, City Manager of Gardena. "MBK Homes is leading the effort in the revitalization of the Corridor with 1600 at Artesia Square. The features and amenities at the community are eco-friendly, functional, hip and modern. It's exactly what our city needs to attract and retain residents and supporting businesses."

Sales of the townhomes and live-work units at 1600 at Artesia Square are currently underway. Anticipated occupancy is first quarter 2012. For additional information, call 310-327-0160 or email at 1600atartesiasquare@mbk.com.

About MBK Homes
MBK Homes is active in the development of both attached and detached housing product, catering primarily to first-time and first and second move-up homebuyers throughout California. MBK Homes prides itself on its award winning customer satisfaction and its reputation for delivering quality housing that is innovative in design, comfort and craftsmanship, all at an excellent value. For more information, visit the company's website at http://www.mbkhomes.com.

MBK Homes is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world's largest corporations. MBK Real Estate's multidisciplinary concerns span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions.

MBK Real Estate Ltd. is headquartered in Irvine, CA, with regional offices in Portland, OR. Corporate offices are located at 175 Technology Drive, Irvine, CA 92618; phone (949) 789-8300; fax (949) 789-9300; or visit its website at http://www.mbk.com.

###

Tag Words: new homes, townhome, leed certified, green, live work, solar, los angeles, residential real estate

Categories: Real Estate

Press Release Contact
1520 D Artesia Square
Gardena, CA 90248
(310) 327-0160

Link To This Press Release:

URL HTML Code