MBK Rental Living Breaks Ground On High-end Apartment Community In Torrey Hills

SAN DIEGO - June 23, 2014 - PRLog -- MBK Rental Living has kicked off construction on Ocean Air Apartment Homes at Torrey Hills, a high-end collection of 100 for-lease townhomes and flats in San Diego, Calif. This intimate community is rising on a 4.6-acre parcel that blends well with the beautiful surroundings of the prestigious neighborhood of Torrey Hills, in which it is located. Ocean Air is the first project of MBK Rental Living, a newly launched division of veteran builder MBK Homes.

“With decades of experience building top quality homes for residents in various California markets, we are thrilled to be building in San Diego and expanding our business with the first of many rental communities to come,” said Rick Fletcher, Vice President, Sales and Marketing for MBK. “We have tapped Alliance Residential as Ocean Air's on-site leasing and property manager. They bring with them proven expertise and an exceptional track record in the San Diego market.”

Upon completion, Ocean Air will be comprised of luxurious, three-story townhome and flats built to condominium quality and featuring ocean and city light views. They are slated to encompass from 1,067 to 1,630 square feet and include up to three bedrooms, three-and-a-half baths, and private direct-access one and two-car garages. Some will offer loft options. Standard features will include private decks or patios, expansive nine-foot ceilings, upgraded GE stainless steel appliances, granite countertops in kitchens, and stone slab Piedrafina countertops and oval soaking tubs in the baths. The units will also offer energy-efficient features including full-size front-loading washers and dryers and tankless water heaters. Tech features will include USB charging outlets in the kitchens and flat panel TV connects in the living rooms.

The community boasts elegant Mediterranean-inspired architecture by Summa Architecture, and impeccable grounds and lush landscaping by Gillespie Moody Patterson, Inc. Amenities at Ocean Air are slated to include a sunset lounge with outdoor kitchen and fire pit, community barbeques, a pet wash station, and an automated package delivery system.

“The Ocean Air rental community stands out for its unique townhome design, high-end finishes, stunning views, and premier location in close proximity to jobs and top-rated schools,” said Craig Jones, Vice President, Apartment Acquisitions & Asset Management for MBK.

Ocean Air is rising adjacent to a new community park featuring a playground and exercise facilities. It is also within walking distance of award-winning school districts of Del Mar Union (Torrey Hills School, K-6th grade) and San Dieguito Union (Carmel Valley Middle School, Torrey Pines High School). It is near top shopping, dining, arts and entertainment including Del Mar racetrack and core areas of San Diego. The community is also one mile from Torrey Hills Center, a retail marketplace that is home to restaurants, salons, grocery shopping, healthcare, pet care, the Scripps Performing Arts Academy, and more.

Ocean Air is conveniently located off the I-5 San Diego Freeway at the I-805 Jacob Dekema Freeway. It is close to top employers in technology, finance, healthcare and the legal industries including Oracle Corporation; US Bank; Scripps Health; Opera Solutions; Pillsbury Winthrop Shaw Pittman, Fish & Richardson; Morrison & Foerster; Sheppard, Mullin, Richter & Hampton; and The Allen Group. It is minutes from championship golf at the renowned Torrey Pines Golf Course and beautiful getaway accommodations at The Lodge at Torrey Pines. Ocean Air is also in close proximity to the hiking and mountain biking trails at Torrey Pines State Natural Preserve and beautiful local beaches that include La Jolla, Solana Beach, Pacific Beach, and Mission Beach. In addition, the San Diego International Airport is 16 miles away.

Occupancy is anticipated for early Fall 2014. For more information about the community, please visit www.liveoceanair.com.

About MBK Rental Living

MBK Rental Living is the new division of MBK Homes, which is active in the development of rental and for‐sale single‐ and multi‐family housing communities, apartment property acquisition, and distressed asset renovation. Through its various housing solutions, MBK Homes’ mission is to provide top quality shelter to residents in California. Throughout its nearly 20 years, MBK Homes has earned a reputation for delivering award winning customer satisfaction in housing that is innovative in design, comfort, sustainability and craftsmanship, all at an excellent value.

MBK Homes is a division of MBK Real Estate Ltd., the U.S. real estate development arm of Mitsui & Co., Ltd., one of the world’s largest corporations. MBK Real Estate’s companies span a wide spectrum of real estate development, including homebuilding, retail and senior housing divisions.

MBK Homes is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1000, Irvine, CA 92614; phone (949) 789‐8300; fax (949) 789‐9300; or visit the website at www.mbkhomes.com.