Wolff Begins Construction of Mosaic Apartments

SCOTTSDALE, August 9, 2012 /PRNewswire/ — The Wolff Company announced that it has begun construction of Mosaic Apartments, a multifamily community located within the Riverpark Master Plan in Oxnard, California.

“Shovel-ready garden apartment development opportunities in strong markets with low vacancy rates and high barriers to entry markets are rare. This development is uniquely positioned with a significant portion of the typical risk mitigated,” explained Peter Wolff, VP of Development at The Wolff Company.

Mosaic will be a Class A, 100% market-rate multifamily community, built on a 20.6-acre site adjacent to the Ventura 101 freeway. The community will consist of 240 units. The Riverpark Master Plan will consist of 750,000 square feet of commercial space and 2,805 residential units in total.