Kennedy Wilson completes construction of 120-units and amenities; Welcomes first residents this month
BEVERLY HILLS, Calif. (July 23, 2020) – The first residents are moving into their new homes at 38° North, a newly constructed apartment community in Santa Rosa, California by global real estate investment company Kennedy Wilson (NYSE:KW). The 120-unit community, nestled against Taylor Mountain Regional Park, is ushering in a new standard of high-end apartment living in Sonoma County with modern residences and plentiful amenities.
The 120 apartments across five buildings range in size from 720 square-foot one-bedroom homes to 1,090 square-foot two-bedroom homes featuring Smart Home technology, including keyless entry, and designer finishes. Eighteen of the units will be reserved for residents with incomes at or below 50 – 60% of Area Median Incomes.
38° North’s amenities are unrivaled in the area, including a 4,177 square-foot clubhouse in the heart of the community with multiple lounges and game areas as well as a gourmet coffee bar. Residents have access to a resort-style pool and spa, indoor and outdoor fireside lounges, an outdoor kitchen, a 24-hour cardio and weight center, dog park, tot lot and community gardens. 38° North also offers nightly doorstep trash collection for all residents.
“From the beginning, our goal was to provide a new level of hospitality for renters in a community that creates connections to the outdoors and is rooted in the rich history of Santa Rosa,” said Kurt Zech, President of Kennedy Wilson’s Multifamily group. “We are encouraged by the early interest since the launch of leasing at 38° North, which is a testament to the unique amenity offerings as well as the continued demand for high-quality homes in Santa Rosa and Sonoma County.”
38° North is located off Highway 101, within minutes of Sonoma County’s dining, wineries, breweries, shopping, outdoor adventures, and entertainment. Kennedy Wilson plans to build a second phase of the apartment community that is expected to include 172 one and two-bedroom units set alongside a creek that will mirror the aesthetic of the first apartment homes currently available.
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a leading global real estate investment company. We own, operate and invest in real estate through our balance sheet and through our investment management platform. We focus on multifamily and office properties located in the Western U.S., U.K., and Ireland.