American Capital Group, a real estate development and management company based in Bellevue, Washington, has begun construction of the first market-rate apartment complex in Stockton since the Great Recession.
The Palms at Morada, 233 units of studio and one and two bedroom apartments off Highway 99 and Morada Lane, is described as a luxury project that will include a 4,466-square-foot clubhouse featuring a movie theater, computer room and fitness center, as well as an outdoor pool and spa.