(To read more on the multifamily market, click here.)

CHULA VISTA, CA-EastLake, a master-planned community in ChulaVista, may soon have the addition of a 494-unit luxury apartmentcommunity. Escrow closed last month on approximately 30.5 acres atthe eastern end of Olympic Parkway where Windstar Communities, theresidential division of San Diego-based Nexus Properties, will addits new multifamily venture to EastLake, which, upon completion,will be composed of 8,900 residential units and 22,000 people.

Windstar, along with Prudential Real Estate Investors, has namedthe proposed community that will consist of one-, two- andthree-bedroom units Windstar Pointe Resort. Once complete, Windstarwill boast a fully-amenitized common area, a movie theatre,clubhouse, exercise facility and two swimming pools.

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