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IHP Capital Partners and Intracorp Homes to transform Southern California site into 33 single-family homes
IHP Capital Partners have formed a joint venture to acquire a 2.9-acre parcel in Arcadia, Calif., for the development and construction of Miren, a new residential community consisting of 33 two-story single-family homes on 2,500-square-foot lots.
Project development is currently under way, and the community’s grand opening and home sales are anticipated to begin in second quarter 2023.
“Arcadia is a well-established and desirable city within the San Gabriel Valley, and IHP is excited to partner with Intracorp to bring a fresh, new home concept to this city,” said Jeff Enes, senior vice president at IHP Capital Partners. “Centrally located and accessible to excellent schools, employment centers and amenities, Miren will provide residents a new living option, central to all that the valley has to offer. Intracorp specializes in creating luxury homes in urban environments, and we look forward to working with their team in bringing another unique and special commun