Sunday, June 17, 2018

The Crossings at Redlands Targets Upscale Young Professionals


A respected Redlands, California real estate investor and developer, Stephen Reeder guides the UCR Group and has overseen high profile projects such as the fully leased Circa 2020 apartment complex. In August 2017, Stephen Reeder and his team broke ground on The Crossings at Redlands.

Adjacent to the 304-unit Circa 2020, The Crossings will encompass 340 units when completed and meet an expanding market niche among young professionals seeking an upscale apartment lifestyle. 

A particular trend involves Millennials looking for apartments with a smaller per-unit footprint and relatively large common area. The two gated developments are situated in an expanding part of San Bernardino County and will be marketed together as Park West Redlands.

Among the amenities that will be offered to The Crossings residents are quartz and granite countertops, high ceilings, walk-in closets, and stainless steel appliances. Shared spaces for residents will include cabanas and barbecues, as well as a pair of resort-style spas and pools. In addition there will be a fitness center, entertainment lounge, and business center. Circa 2020 already offers residents a full range of social activities, from movie nights to cupcake-decorating evenings.

Friday, June 8, 2018

The Rise of Mixed-Use Developments


Seasoned real estate developer Stephen Reeder currently holds the position of chief executive officer at southern California real estate consulting firm UCR Group. Under Stephen Reeder’s leadership, UCR has transformed residential areas by acquiring, renovating, and expertly executing mixed-use development projects.

Mixed-use developments traditionally contain residential, commercial, and office spaces. Blending these types of properties together successfully creates a dynamic neighborhood that attracts renters, buyers, business owners, and visitors. 

The rise in mixed-use developments is due in large part to constraints in affordable construction sites and the demise of large malls. Developers are seizing the opportunity by renovating older shopping malls and turning these spacious buildings into communities with affordable housing units. Entertainment and public green spaces are key components for mixed-use developments since they attract members of the wider community, which benefits retailers. 

Some local government agencies, including in Washington, D.C., are encouraging quality mixed-use developments by setting requirements on the amount of accessible public space for specific renovation projects.