Quarterra Breaks Ground On Aldea Garden Style Community In Murrieta

Quarterra has broken ground on Aldea, a 387-unit garden-style apartment community in Murrieta, California. Eldridge Acre Partners provided preferred equity for the development, and ING Capital LLC serves as the project’s lead lender. The project is positioned to offer a high-quality residential option in Southwest Riverside County, with proximity to both Orange County and San Diego.

"Murrieta is a strong residential market due to its top-rated schools, local retail and outdoor amenities," said Dan Ferguson, Quarterra's managing director of development for Southern California. "We're excited to be underway with Aldea — our first venture into Murrieta — and look forward to delivering an exceptional living experience to this rapidly growing community. Aldea is designed to reflect the active, vibrant spirit of the city and surrounding environs, and we're eagerly awaiting the day when we welcome our first residents."

Located at 25480 Jefferson Ave., Aldea sits near the I-15 and I-215 interchange and is minutes from Downtown Murrieta, Old Town Temecula and Temecula Wine Country. Local points of interest within a short drive include the farmers market, hot springs, Rancho California Golf Club, Promenade Temecula Mall and Pechanga Casino. The site is also within commuting distance of major regional employers such as Abbott, Kaiser Permanente, Rady Children's Hospital and Universal Health Services.

Aldea will offer one-, two- and three-bedroom floor plans ranging from approximately 700 to 1,385 square feet. Homes will include a smart technology package, stainless steel appliances, quartz countertops, luxury vinyl plank flooring, walk-in closets and kitchen islands in most layouts.

This is Quarterra’s first community in Murrieta and its 13th development in Southern California. The partnership structure and site selection illustrate continued institutional investment in suburban Southern California housing opportunities that combine access to regional job centers with local amenities.