Kennedy Wilson has revealed plans to develop a mixed-residential community in Camarillo, California. The real estate company has signed a 32-acre ground lease with California State University Channel Islands for the development.

The project has yet to be named, but will include a total of 589 housing units. There will be 310 market-rate apartments, 109 for-sale homes and 170 income-restricted apartments for seniors. The developer will also include amenities that will serve the university, which is located next to the site. The project is set to break ground before the end of the year, and it will deliver in 2024.

Kennedy Wilson will develop the market-rate apartments, and its affordable housing joint venture Vintage Housing, will develop the 170 units for income-qualified seniors with affordable housing tax credits and other financing sources. Comstock Homes will build with for-sale housing with Kennedy Wilson serving as a minority partner.