The Landing is a 308-unit Class-A multifamily development opportunity with an additional 36-unit 3-Story Townhome map. The project is ideally located adjacent to the one million square-foot Antelope Valley Mall and less than a mile from the 14-Freeway, the major arterial through the Antelope Valley.
Given the lack of new Class-A projects in the market and the demand created by the burgeoning job base in the Antelope Valley, The Landing represents a rare opportunity to capture value in one of the few growing multifamily markets in Southern California.
The surrounding Palmdale submarket has experienced significant job growth over the past decade, particularly in defense, where Northrop alone now employs 5,200 highly paid employees. An estimated 4,000 to 5,000 new jobs have been created over the past few years, including hundreds of positions at a newly built Amazon distribution center less than two miles from the property. Major high-paying employers such as Palmdale Regional Medical Center and Lockheed Martin’s Skunk Works are also within three miles.
The property is also well connected. It sits three-quarters of a mile from the 14 Freeway and less than three miles from the Palmdale Metrolink Station, the Antelope Valley Hospital, and Antelope Valley College, making it a central location for future tenants.
The Antelope Valley represents a rare opportunity to capture pent-up demand for high quality housing in an underserved market.