IHP Capital Partners and Williams Homes have formed a joint venture to create 26 small-lot homes on a U-shaped site at the intersection of Hermitage Avenue and Weddington Street in Valley Village. WHA Architects has designed the unnamed development, which will feature three-story homes with 1,173 to 2,079 square feet and up to four bedrooms. The project site is Orange Line-adjacent. Sale prices are expected to start in the $800,000s after construction wraps up in 2021. “We’ve had great success in working with Williams Homes in the past,” IHP Senior Vice President Jeff Enes said in a statement. “They understand the San Fernando Valley market as well as any homebuilder in the industry.” Williams Homes is headquartered in Santa Clarita.
Joint Venture to Build 26 Homes in Valley Village
