LOS ANGELES – Looking to satisfy growth in the area, JLL announced today that Sunjoint Development has started construction on the Terraces at Walnut, a 49-acre mixed use development located on Valley Boulevard in Walnut, California. Construction of the first product type, single family two-story, began in November of 2023 and the first five phases are currently being made available for sale. The remaining homes will be built in phases: Townhomes, single family three-story and estate lots. Full buildout is anticipated for the end of 2025.
Designed by premier architecture firm KTGY with their own in-house building team under CBC Home serving as the contractor, Terraces at Walnut project will feature 79 townhomes, 211 detached single-family homes and 17,052 square feet of retail space. The three-bedroom and four-bedroom townhomes will range from 1,548 to 1,914 square feet. The single-family homes will encompass three or four bedrooms ranging from 2,198 to 3,561 square feet. The retail space at the Terraces at Walnut can accommodate varying food users, including dine-in restaurants. Additional shop space is set aside to be occupied by specialty retailers and beverage users. In addition to being the City of Walnut’s only gated community the Terraces at Walnut offers residents 11 pocket parks, an internal trail system, and breath-taking views.
“With the continued growth of the suburbs in Los Angeles, the city of Walnut has embraced change, expansion, residents and businesses,” said Robert Wishner, CEO of Sunjoint Development. The Terraces at Walnut will be the perfect addition to the region by providing much needed housing, restaurants and retail.”
JLL’s Blake Kaplan, Erik Westedt and Drew Olson are overseeing the leasing of the retail space.
“The city of Walnut continues to see tremendous residential and business growth, becoming one of the premier submarket in Los Angeles,” said Blake Kaplan, JLL Managing Director. “We will work to identify the best restaurants and retailers with a goal of creating a place for the community to shop, sit, and stay.”
The Terraces at Walnut is ideally located in the City of Walnut on the Eastern corridor of the San Gabriel Valley between the San Jose Hills mountain range to the north and Puente Hills to the south. The area is adjacent to Diamond Bar, Pomona, City of Industry and West Covina. Walnut is a relatively affluent suburb with a median income of $110,441, 66.6 percent higher than the median Los Angeles income.
