Legacy Partners (“Legacy”), a privately held national real estate firm, partnered with DWS Group (“DWS”), a leading global asset manager, to announce the start of construction for a 346-unit residence apartment community to be named Legacy Ontario in Ontario, California.
Located at 2510 S. Euclid Avenue in Ontario, the new community will consist of eight buildings (three to four stories tall) with tucked-under garage parking and covered carports. The residences will also include 6,000 square feet of ground floor retail space facing Euclid.
“Our goal for this project was to create an elevated suburban garden product located in the heart of the Inland Empire,” said Tim O’Brien, senior managing director for Southern California and the Southwest Region at Legacy Partners. “The Legacy Ontario development will be convenient to everything Ontario offers with easy connections to the rest of Greater Los Angeles and beyond.”
“This development opportunity aligns with our strategy of investing in best-in-class residential projects in submarkets with strong fundamentals,” said Michael J. Nigro, chief investment officer and head of value add & development for DWS. “This also builds on our programmatic relationship with Legacy to deliver build-to-core assets on behalf of our investors.”
Designed in 1892 to serve as the “stately backbone” of Ontario, Euclid Avenue’s median is preserved at 60 feet wide. Furthermore, in honor of its grand design and early history, Euclid Avenue was placed on the National Register of Historic Places in 2005. In addition to being situated on the city’s most notable thoroughfare, Legacy Ontario will be only minutes away from both the Upland Metrolink station and the Ontario International Airport.
Designed by Architects Orange, the community’s mix of 346 studio, one-, and two-bedroom apartment homes will range from 706 to 1,293 square feet. The units feature modern kitchens with stainless steel appliances, tiled backsplashes, large kitchen islands (in many units), wood-style flooring, and full-size washers and dryers. Each home will be equipped with either a patio or large deck.
The project’s amenities will include a roof deck, clubhouse, pool/spa, fitness center, sports lounge, multiple barbecue areas, and a dog run. The development is pursuing LEED certification and will provide solar panels with battery storage and 171 EV charging stations.
“This marks our third active development project in partnership with DWS,” added O’Brien. “We are also breaking ground this month on a project in Scottsdale, Arizona, and plan to break ground early next year on a development in Torrance.”
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops, and manages multifamily communities throughout the United States.
DWS Group (DWS) with EUR 963bn of assets under management (as of 30 September 2024) aspires to be one of the world’s leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, and innovation across a full spectrum of investment disciplines.
