Santa Clarita Mixed-Use Lands $21M
ByBuchanan Street Partners has closed on a $20.8 million construction loan for Newhall Crossings, a mixed-use project including 47 units and 20,167 square feet of retail space in Santa Clarita, Calif. Buchanan Street provided a 77 percent loan-to-cost, non-recourse construction loan for the project. Developed by Serrano Development Group, Newhall Crossings is slated for completion by 2019.
Located at the intersection of Main Street and Lyons Avenue in Old Town Newhall, the transit-oriented development will be the northern anchor of the pedestrian-oriented commercial corridor, providing access to more than 50 shops, restaurants, entertainment options and Metrolink station. The area’s new seven-screen Laemmle Theatre will be adjacent to Newhall Crossings as well…
