Designed by KTGY Group Inc. Architecture and Planning, the project was funded via a variety of sources: a $14.75 million construction loan and $3 million in permanent financing from US Bank; tax credit equity of $15.67 million from Union Bank; $5 million in gap financing from long-term ground lessor the Irvine Co.; a $300,000 Community Development Block Grant loan and a $275,000 HOME loan, both from the City of Irvine.
The Arbor at Woodbury features 18 one-bedroom, 43 two-bedroom and 29 three-bedroom garden-style apartments. Each of the property's six buildings is designed around a central courtyard to encourage interaction among residents. All units include central heating and air, Internet and cable access, granite counter tops, master bedroom walk-in closets, fluorescent lighting throughout, low-flow showers, dual-flush toilets and outdoor balconies or decks.
KTGY principal and designer David Obitz notes that the project is a transit-oriented development with neighborhood parks and shopping centers, medical services, churches, schools and colleges all within walking distance. As part of its focus on sustainability, Jamboree provides free van service to residents during commuter hours from the Arbor at Woodbury to the Irvine Transportation Center.
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