From the Ground Up: Golden Pond Apartments, Phase V

Owner: Canyon View Capital Inc. (Santa Cruz, California)
Developer: Countryland Homes Inc.
General contractor: Countryland Homes Inc.
Architect: H Design Group LLC
Engineers: Tate Engineering Consultants, civil; Mettemeyer Engineering LLC, structural; and CJD Engineering LLC, mechanical, electrical and plumbing
Size: 166,000 square feet
Estimated cost: $9 million, per city permit
Lender: None
Estimated completion: July
Project description: Developer Sean Coatney of Countryland Homes Inc. said owner Canyon View Capital Inc. is adding 180 units across seven buildings in the final phase of Golden Pond Apartments. Coatney in 2005 began developing Golden Pond, which fronts James River Freeway, and he’s sold off pieces of the 36-acre complex to Canyon View, culminating in 2012. “They decided to go ahead and build the last phase with the economy turning around,” Coatney said of officials at Canyon View, which owns $250 million of multifamily properties in Missouri, Arkansas and Oklahoma, according to CanyonViewCapital.com. When complete this summer, Golden Pond will have 620 units. Coatney said the latest will rent in the $500-$900 range for studios to three-bedroom units. The phase includes a clubhouse with a swimming pool and kids’ splash pad, as well as a basketball court. Coatney also developed and sold the commercial lots along Republic Road to Golden Avenue, occupied by Great Southern Bank, Kum & Go and CVS, among others.