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Thursday, Sep 21, 2023

Joint Venture to Build 26 Homes in Valley Village

IHP Capital Partners and Williams Homes have formed a joint venture to create 26 small-lot homes on a U-shaped site at the intersection of Hermitage Avenue and Weddington Street in Valley Village. WHA Architects has designed the unnamed development, which will feature three-story homes with 1,173 to 2,079 square feet and up to four bedrooms. The project site is Orange Line-adjacent. Sale prices are expected to start in the $800,000s after construction wraps up in 2021. “We’ve had great success in working with Williams Homes in the past,” IHP Senior Vice President Jeff Enes said in a statement. “They understand the San Fernando Valley market as well as any homebuilder in the industry.” Williams Homes is headquartered in Santa Clarita.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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