RIVERSIDE COUNTY, CA - Wermers Properties, a prominent, San Diego-based multi-family development company, has announced its latest development project Oak Parc located off Box Springs Road & Clark Street. Wermers Properties and R&V Management Corporation, two San Diego-based development firms, plan to develop and build the 266-unit, market-rate apartment project set to begin construction by the third quarter of 2016. For a rendering of Oak Parc, click here.
The partnership acquired the 15-acre property (approx.) in December 2015. “We are thrilled to begin this exciting new venture,” said Peter Donovan, Development Manager for the project. “Both Wermers and R&V Management Corporation are seasoned experts in multi-family – Wermers with 59 years of experience in development and construction and R&V Management Corporation with more than 35 years in property management. With our combined experience and expertise, Oak Parc will be a key addition to the community.”
The Oak Parc project includes 266 apartment homes, a state-of-the-art fitness center, club room, pool and deck area, leasing offices, and business center. For more information on Wermers Properties and our projects, visit the Wermers Properties website at www.wermersproperties.com
About Wermers Properties: Wermers Properties is a development company offering a full range of multi-family solutions to investment partners and agencies. The company specializes in all facets of acquisition, development, design and asset management, and has a 50 year track record of ensuring that each project it undertakes adds value to its partners and the community. Wermers has been involved in some of the largest residential projects in Southern California, from new home development in the 1960s to more than 3,000 apartment units currently under development. For more information, visit www.wermersproperties.com.