San Diego-based private equity firm Pathfinder Partners LLC and developer Lanshire Housing Partners LLC have broken ground on Bahia Vista Townhomes, a 21-unit community in Chula Vista's up-and-coming Marina District.
Pathfinder -- which specializes in opportunistic real estate investments -- acquired the one-acre parcel in 2013, with completion of the multifamily project slated for the summer of 2015.
The construction team includes Lanshire Development as lead general contractor, with Lanshire principal partner Michael Kootchick handling project management duties. The project was designed by San Diego-based Rodriguez Associates Architects and Planners.
When complete, the community will comprise four three-story Mediterranean style townhome buildings, with 13 three-bedroom/three-bathroom units and eight four-bedroom/ three-bathroom units, ranging from 1,600 to 1,800 square feet.
Each unit will feature a private front entry, a balcony and a direct access, two-car garage.
The community's hub is a common area with a secure gated entrance, a paved trail encircling the perimeter and an open park with a tot lot and seating areas.
Interiors will feature contemporary kitchens with stainless steel appliances, solid wood cabinets, modern light fixtures and natural stone and wood flooring, 9-foot ceilings, wood blinds and plush carpeting.
“We were drawn to Bahia Vista for a number of reasons,” said Lorne Polger, Pathfinder Partners' co-founder and senior managing director. “The area is undergoing rapid redevelopment driven by Chula Vista’s Bayfront Master Plan, which is poised to transform more than 550 acres of underused industrial property into a residential and resort destination.”
Additionally, Polger said, the property is located less than a mile from the coastline, one block from the freeway entrance and one-half block from the Palomar trolley station. Bahia Vista is also close to entertainment venues, including the Broadway Plaza, Aquatica San Diego water park and Sleep Train Amphitheatre.