Laguna Miral

Investment Overview

Laguna Miral is a fully entitled multifamily development site offering 125 approved market-rate apartment units on approximately 3.8–4.1 acres. The project has cleared Design Review and carries OB-PUD zoning under the Laguna Meadows Planned Unit Development. The approved program calls for five 3-story Type V residential buildings, one 2-story amenity/leasing building, and 174 on-site surface parking spaces at a density of approximately 33 DU/acre. There is no below-market-rate (BMR) requirement and no retail component, making the development program financially straightforward. The entitlement package is complete, saving a buyer significant time and cost. Key remaining obligations include full frontage improvements along Bruceville Road, a 40-foot light rail Irrevocable Offer of Dedication (IOD), potential sewer upsizing subject to flow modeling, and payment of park impact fees and district obligations.