Equity Residential plots redevelopment, expansion at South OC apartment complex

Equity Residential is eyeing a density boost at one of its Orange County apartment complexes. The Chicago-based landlord proposed redeveloping part of its Vista Del Lago residences at 21622 Marguerite Parkway in Mission Viejo with a six-story apartment building, the Orange County Register reported.  If approved, the project would add 350 units to the complex, bringing the total number of residences to 958 from 608. The redevelopment effort would clear a 3.9-acre section of the 33.6-acre site, demolishing 68 units, tennis courts and a clubhouse to make way for a new 418-unit building. The project would consist of studio, one- […]This article originally appeared on The Real Deal. Click here to read the full story.