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San Diego Developer Starts $130 Million Luxury Apartment Project in Mission Viejo

San Diego-based multifamily developer Wermers Properties has begun construction on Adagio on the Green, a $130 million, 256-unit luxury apartment project in Mission Viejo.

Wermers is partnering on the project with Watermarke Properties Inc. of Corona, Wermers said.

Developers are targeting a summer 2015 completion for the community, located in southern Orange County adjacent to Mission Viejo Country Club.

Apartment units will straddle Mission Viejo Creek, with a walking bridge connecting two living areas. There will be two resort-style pools, two fitness areas, a Wi-Fi lounge, game rooms and dedicated underground parking, among other amenities.

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This is the fourth collaboration between the two developers, said Jeff Troesh, president of Watermarke Properties.

Wermers Properties is part of the larger Wermers Cos., a family-run business established in 1957 by James J. Wermers. The company for several years specialized in multifamily construction and is now active in development throughout Southern California, a Wermers spokeswoman said.

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