MBK Invests In Townhome Market

GARDENA, CA—MBK Homes nears completion of the first phase on 1500 Artesia Square, a residential complex of 60 townhomes and live/work lofts in Gardena, CA. The development will provide a for-sale alternative to the residents in and around the South Bay, where demand for housing is high and supply is limited. Model homes are currently open and sales efforts are already underway with pricing in the mid-$500,000 range. The first residents are expected to move in later this summer, while construction continues on the remainder of the project.

“1500 addresses the demand for high density housing in urban pockets of Los Angeles County while providing the unique opportunity to use a portion of the residence in certain units for approved commercial or retail business functions,” Rick Fletcher, VP sales and marketing at MBK Homes, tells GlobeSt.com. “Within Gardena, 1500 Artesia Square complements the community MBK Homes built right next door three years ago. Along with the active retail shops fronting Artesia Blvd., these improvements are part of the Artesia Corridor Specific Plan and represent the initial phasing of the city’s vision to revitalize the south side of Artesia Blvd. between Western and Normandie Avenues. These improvements provide both housing and business opportunities to Gardena and other South Bay residents.”