The latest effort to create housing awaits Walnut Creek city approvals.

It's a partnership between Community Preservation Corp., Langdon Park Capital (LPC) and Standard Real Estate Investments.

The partners will redevelop the property into a mixed-use destination.

More than 5.3 million square feet of industrial and commercial space is planned.

The property is fully leased to Dairyland Produce LLC.

The majority of the leases were signed after the pandemic.

Some areas have moratoriums, others regulations, while a few press on.

Firm acquires 30,000 square foot facility in Otay Mesa.