CHULA VISTA, CA—Private Equity firm PathfinderPartners and developer Lanshire HousingPartners, have broken ground on Bahia VistaTownhomes, a 21-unit community in Chula Vista'sup-and-coming Marina District.

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Pathfinder, a San Diego firm which specializes in opportunisticreal estate investments, acquired the one-acre parcel in 2013, andcompletion of the multifamily project slated for the summer of2015. The construction team includes LanshireDevelopment as lead general contractor, with Lanshireprincipal partner, Michael Kootchick handlingproject management duties. The project was designed by SanDiego-based Rodriguez Associates Architects andPlanners.

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When complete, the community will be comprised of four,three-story Mediterranean style townhome buildings – with13 three-bedroom/three-bathroom units andeight four-bedroom/ three-bathroom units, rangingfrom 1,600 to 1,800 square feet. Each unit will feature a privatefront entry, a balcony and a direct access, two-car garage.

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The community's hub is an attractive common area with a securegated entrance, a paved trail encircling the perimeter and an openpark with a tot lot and seating areas. Interiors will featurecontemporary kitchens with stainless steel appliances, solid woodcabinets, countertops/ backsplashes, modern light fixtures andnatural stone and wood flooring, soaring nine-foot ceilings, woodblinds and plush carpeting.

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“We were drawn to Bahia Vista for a number of reasons,” saidPathfinder Partners' co-founder and senior managing directorLorne Polger. “The area is undergoing rapidredevelopment driven by Chula Vista's Bayfront MasterPlan, which is poised to transform more than 550acres of underused industrial property into a residentialand resort destination.” Additionally, Polger said, theproperty is located less than a mile from the coastline, just oneblock from the freeway entrance and one-half block from thePalomar trolley station. Bahia Vista is alsominutes away from entertainment venues, including the BroadwayPlaza, Knott's Soak City water park andSleep Train Amphitheatre.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.