Framing began this week for 346 apartments in Chino Hills on the northeast corner of Fairfield Ranch Road and Monte Vista Avenue, east of the 71 Freeway.
Units are expected to open in May 2018, according to Eric Heffner, director of real estate development for Bridge Investment Group Holdings, LLC.
He said he could not predict the rent but costs will be priced at what the market will bear when they open.
The very-high density apartment complex on 15 acres will include 18 buildings containing 1-to 3-bedroom units, ranging in size from 751 to 1,276 square feet.
Gross density of the project is 23 dwelling units per acre.
The gated complex will be called Crossings at Chino Hills and include a 4,077-square-foot clubhouse and gym, barbecue areas, grass areas, and a dog run.
Wermers Multifamily Corporation is the contractor.
It adjoins the Fairfield Ranch Commons business park that is almost fully occupied. The business park and apartment complex properties were purchased by Turner Real Estate Investments several years ago. Turner sold the apartment portion of the property to Bridge Investment Group Holdings.
The City of Chino Hills will receive a $1 million payment from Bridge upon issuance of the 260th certificate of occupancy.
Children who occupy the Chino Hills apartments will attend Dickson Elementary, Ramona Junior High, and Don Lugo High, all in Chino.
The development falls within the boundaries of the three Chino schools.
A traffic signal was installed at Monte Vista Avenue and Chino Hills Parkway as required by the city.
During discussions by the planning commission and city council in 2014, concerns were raised about the proximity of the apartments to the nearby Carbon Canyon water treatment plant.
Councilman Ed Graham requested that future tenants be informed about the potential odors by signing a form rather than placing their initials next to a statement.
The plant is owned and operated by the Inland Empire Utilities Agency.
The BAPS Hindu Temple opposed the project on the grounds that it would bring apartments into a business area, ignore the aesthetic beauty of the temple, and bring daily traffic onto Monte Vista Avenue.