EAGLE ROCK — Orange County-based Warmington Residential has begun building its second housing development on Eagle Rock Boulevard, a 45-home project that is among the single-largest residential developments built in Eagle Rock in recent years.
The project is underway only a few months after Warmington sold out the 52 townhouses at its NELA Union development, which is located about a half-mile south on Eagle Rock Boulevard in Glassell Park.
The new development — called The E.R.B, which stands for Eagle Rock Boulevard — consists of three- and four-bedroom homes that will be as large as 2,500-square-feet, according to a company press release. The first batch of three-story homes with attached garages are expected to be available for purchase in the fall of 2016. Prices have not been determined.
The project, which is being built on a two-acre site on Eagle Rock Boulevard near York Boulevard, was initially undertaken by Urban Village Development Co. of Irvine. But Warmington bought the property in July for $11.1 million, according to PropertyShark.com.
E.R.B. is being constructed under the city’s small-lot subdivision ordinance, which permits builders to construct more single-family homes than current zoning allows if certain guidelines are met. While many residents have opposed the projects as being too large and out of character, supporters say the small-lot developments create more options for home buyers and are typically smaller than apartment buildings.
E.R.B. is located in an area where several other new home developments have been built or are underway, including the 15-home Prism site.
The new construction in the area has met with strong demand. Warmington’s NELA Union development sold out in about a year’s time.
Real estate agent Tracy Do, who handled sales at NELA Union and will also be selling homes at E.R.B., said that she’s seen Eastside buyers more willing to consider new homes. In the past, new developments were considered primarily by first-time buyers or those who were down-sizing.
“I think one of the components is the availability of new homes that are comparable in size to single family residences,” said Do, who has been selling homes in the area for 14 years. “More and more, when we interview with buyers looking to purchase in this market, new homes are in the mix.”