LuxView Properties is developing the first apartment property in Redlands, California, in 30 years. The developer has secured $93 million in preferred equity and construction financing for the development.

Known as Venue at Orange, the apartment development will have 328 units in a mix of one-, two- and three-bedroom floorplans averaging 944 square feet. The property will also feature high-end amenities, including conference rooms for at-home work, a large community park with trails and jogging paths, community courtyard with a planned community center, demonstration kitchen, enclosed playground, community pool and gym and outdoor exercise areas. It is scheduled for delivery in late 2022.

The development will be a landmark for the market. Built on nearly 22 acres, the property is not only the first apartment development in decades, but it is on one of the largest development sites in the area. There are limited development opportunities in Redlands, and this is the only site entitled for multifamily development.