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The Real Deal Los Angeles

Transit-oriented: Blackwood’s resi complex in Placentia will rise near future rail line

The 418-unit project will be within walking distance of the Metrolink station running Downtown
May 30, 2018 08:34AM

Blackwood’s Centerpointe mixed-use project

Blackwood Real Estate got the green light from officials in Placentia for a mixed-use complex near the future Metrolink station.

Blackwood’s five-story Centerpointe complex will rise on West Crowther Avenue between South Placentia Avenue and South Melrose Street, according to Urbanize. It will include 418 apartments, including 121 studios, 181 one-bedroom units, and 116 two-bedroom units. It will also have 10,500 square feet of ground floor retail space. Amenities include a business center, dog park and a gym.

The complex will be walking distance from the future Placentia Metrolink station near the intersection of Melrose Street and Crowther Avenue, which will serve the 91 line running from Union Station in Downtown LA to Riverside.

Orange County officials approved funding for the station in 2016. At the time, officials expected construction to begin later this year and wrap up in 2020.

Newport-based Blackwood is an active multifamily developer in Orange County. In February, it sold a mixed-use development in Hawthorne near SpaceX headquarters to Houston’s Dinerstein Companies for $18.2 million. [Urbanize] – Dennis Lynch