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Item 12 - Visual Slideshow provided by Applicant at Meeting

Poway City Council
May 6, 2025

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Item 12 - Visual Slideshow provided by Applicant at Meeting
Meeting
May 6, 2025
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Poway City Council
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11
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Text extracted from the city's file for reading and search. Open the original on portal.laserfiche.com. That file is the official record.

Fairfield West Village Poway: Phase II – City Council PDC 5/6/25 12947 Poway Road

• National Leader in Multifamily Development headquartered in San Diego with regional offices throughout the United States.
• Full Service Multi-Family Development Company: Site Acquisition, Development, Construction, Property Management and Acquisition/Rehab of existing assets.
• Since 1985 we have developed and constructed more than 100,000 luxury Apartment homes, and currently manage more than 40,000 apartment homes across the US. • Developed and now manage the recently completed West Village Poway Community - 212 Apartment Homes and approximately 10,000 SF of Retail including a public park along Poway Road and publicly accessible dog park.

Fairfield Company Overview

• Residents and community at large are utilizing the public park and dog run as envisioned. • As of the end of April, 75% of the apartments (159) are leased with a 62% occupancy rate. • Restaurant and retail space is being actively marketed. There is an overall apprehension caused by National events. It is a big investment in an uncertain market. Fairfield will continue to market spaces and keep City officials informed.
• We are hopeful that retail interest will pick up as more apartment homes are leased and occupied. • We want to make sure we achieve the best possible users that will be an asset to the community and the project. We appreciate everyone’s patience as we work to that end.

West Village Poway - Phase I Update

1. First City Council Pre Development Conference March ‘18

2. First neighborhood meeting Dec ‘19

3. 2nd City Council Pre Development Conference September ‘20

4. 2nd Neighborhood meeting November ’20;

5. Fairfield worked with neighbors to alleviate visual concerns, including utilizing a scissor lift. We allowed concerned neighbors, Staff and City Officials the opportunity to go up the lift to see what the future view corridors would be. Post construction views were identical to what they saw during the scissor lift event.

6. City Council Approval in Dec ‘20

7. Fairfield was transparent, cooperative and collaborative with the Community and the final product is a testament to those efforts and an asset to the City.

West Village Poway – Phase I City Collaboration

West Village Poway – Phase II Overview

West Village Poway – Phase II Overview

West Village Poway – Phase II Overview

West Village Poway – Unit Interiors

West Village Poway - Amenities

West Village Poway - Amenities

Fairfield is very excited to continue our collaboration with Poway and looks forward to completing a second high-
quality component to an established community asset!

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