Real Estate: New Sprout for Kraemer Land Company

Kraemer Land Co., formerly FKC Properties, a privately held real estate firm with Orange County roots dating back to 1860, isn’t only returning to the family name of a business that had a hand in developing Placentia and Yorba Linda.

The company is branching out.

Daniel Kraemer, an original founder of Kraemer Land Co., which dates back to 1860.
The Kraemer and Yorba families built the company on a philosophy its real estate holdings should be able to succeed in all real estate cycles.

This week, Kraemer Land Company announced an equity deal to spend $3.1 million on 19.4 acres of residential land in Fontana. The equity partnership deal was struck with Santa Ana real estate developer CenterStone Communities.

The site had been eyed for a 201-unit townhome community, but Kraemer financial analyst Matt Ferree said talk is now afoot to create a new, single-family home development on the land. It is located at the southwest corner of Beech Avenue and Sierra Lands Parkway. The proposed development will have a solar system component as well.

“We’ll be offering the homes at a $300,000 price point,” she said, along with a set of proven credentials. Besides its community development lineage, Kraemer Land owns commercial projects, among them: The Plaza de Hacienda shopping center in Palm Desert, a 150,000-square-foot retail center with Albertsons as an anchor.

CenterStone lays claim to developing several California communities in locales that include Chino, Carlsbad, Buena Park, Artesia and Huntington Beach.