Atherton Drive is turning into Manteca’s apartment row thanks in part to partnerships involving Mike Atherton for whom the four-lane arterial is named.
Site work has started on what will be Manteca’s largest apartment complex yet — the 428-unit Valencia Place — on 20 acres immediately east of Bass Shops between the 120 Bypass and Atherton Drive. The nearly $100 million project is being built in two phases. The second phase that backs up to the 120 Bypass will be built after the phase now being built along Atherton Drive is completed.
Atherton is also in a partnership that plans to move forward in the near future with another 300 apartments on the south side of Atherton Drive west of Union Road. The complex will be located across the street from where the 130,000-square-foot Living Spaces furniture showroom and warehouse is scheduled to break ground in early 2020.
Paseo Villas with 300 units — also on Atherton Drive and built by a partnership involving Atherton — is currently the city’s largest apartment complex.
Atherton and his partners earlier this year completed the 153-unit Tesoro Apartments on Atherton Drive and Van Ryn Avenue. When the two new complexes are completed, Atherton partnerships will have built 1,181 apartment units along Atherton Drive. That is in addition to the 150-unit Juniper Apartments that the partnership sold the land next door to Tesoro a few years back that allowed subsidized workforce housing to be built.
Altogether when the two new projects are completed and the Juniper complex factored in, there will be 1,334 apartment units along Atherton Drive.
The gated Valencia complex will include the largest concentration of studio apartments ever built in Manteca. The 42 studio apartments would account for a 10th of the overall unit total and would consist of 515 square feet apiece. The Westwood Village complex on the north side of Center Street at Union Road has several studio apartments that rent for $1,105 a month.
Valencia Place will also include 140 one bedroom and one bathroom units with 727 square feet, 222 two bedroom and two bathroom units with 1,040 to 1,105 square feet, and 24 three bedroom and two bathroom units with 1,279 square feet.
There will be two main entrances. One would be from Atherton Drive directly across from Tinnin Road. The other would be from Lakeside Drive roughly midway between the fence bordering the 120 Bypass and Atherton Drive. There would be two gated exits for residence only along Lakeside.
Valencia Place Apartments will be developed in two phases. As such it would sport two community centers, two family areas and tot lots, two swimming pools, and two fenced-in dog parks.
To contact Dennis Wyatt, email dwyatt@mantecabulletin.com
