USA Properties Fund and The Pinyon Group are set to begin construction late this summer on the $21-million Vintage at Marja Acres, an affordable apartment community for 55-and-older residents in Carlsbad. Located near El Camino Real between Kelly Drive and Cannon Road, the 47-unit community will offer affordable housing as part of a mixed use development that includes 248 townhomes, a community park and restaurant.
Geoff Brown, President of USA Properties Fund commented: “Marja Acres is a high quality unique neighborhood offering close knit living with easy access to everything Carlsbad has to offer. Vintage at Marja Acres will fit various needs whether working full time or retired.” Leasing should begin in fall 2024 according to USA Properties Fund.
