ING Capital Financing Fuels Construction of Aldea Multifamily Community in Orange County

• Quarterra Multifamily has broken ground on Aldea at 25480 Jefferson Avenue, Murrieta, CA 92562, an eight-story apartment community within the MainPlace Mall redevelopment.
• The 387-unit project is being developed by Quarterra Multifamily, backed by a financing from ING Capital, LLC.
• Aldea is part of the broader transformation of MainPlace Mall into a mixed-use, residential-led destination in Orange County.

MainPlace Mall Redevelopment Gains Momentum

Quarterra Multifamily has officially started construction on Aldea, a major new residential addition to the MainPlace Mall redevelopment in Santa Ana. The project, located at 25480 Jefferson Avenue, reflects the continued repositioning of aging retail centers into dense, mixed-use environments. The development is expected to play a key role in reshaping one of Orange County’s most established retail corridors.

A 387-Unit Urban Living Community

Aldea will deliver 387 apartment units across an eight-story building designed to serve a range of modern renter profiles. The community will include a mix of studio, one-, and two-bedroom layouts with contemporary interiors and high-end finishes. Positioned adjacent to MainPlace Mall, residents will benefit from immediate access to retail, dining, and entertainment options, along with strong regional connectivity via nearby freeways. The project reflects continued demand for transit-adjacent, amenity-rich housing in infill Orange County locations.

Amenities Designed for Modern Renters

The development will feature a broad amenity package tailored to today’s lifestyle-driven renter expectations. Planned offerings include resort-style outdoor spaces, a swimming pool, fitness center, coworking areas, lounges, and indoor-outdoor social spaces. Large landscaped courtyards and gathering areas are also incorporated into the design to promote community engagement. These features align with a broader trend in multifamily development where amenities and live-work flexibility are increasingly central to leasing demand.

Retail-to-Residential Transformation Continues

Aldea is part of the larger evolution of the MainPlace Mall site into a mixed-use destination that blends residential, retail, and entertainment uses. As traditional retail properties across the U.S. continue to face structural changes, redevelopment strategies increasingly focus on introducing housing to activate underutilized land. For Quarterra Multifamily, Aldea represents both a long-term investment in Orange County housing demand and a strategic repositioning of a legacy retail asset into a modern urban district.