Catalyst, CalCHA Acquire 2 California Communities for $231M
The partnership will convert nearly 600 units into rent-restricted apartments for middle-income households. Apr302021
Image courtesy of Catalyst Housing Group
Catalyst Housing Group, in partnership with California Community Housing Agency (CalCHA), has continued its plans to bring more middle-income units to California following the acquisition of two communities.
Catalyst acquired Aster in Dublin, Calif., for $163 million and Mira Vista Hills in Antioch, Calif., for $68 million.
Jordan Moss, founder of Catalyst, told
Multi-Housing News that the company acquired the 92 percent-occupied Aster from Bay West Development and Berkshire Residential Investments, while the 96 percent-occupied Mira Vista Hills was purchased from Reliant Group.
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Plano gives thumbs down on Bush Turnpike mixed-use project
A California developer had planned office, residential and hotel on former Fry’s Electronics site.
California-based Bay West Development proposed replacing the vacant Fry s Electornic s store with a mixed-use project.(GFF )
Plano officials have nixed plans for a major mixed-use development on Bush Turnpike.
California-based Bay West Development wanted to replace the vacant Fry’s Electronics store between Bush Turnpike and Plano Parkway with a new office, residential and hotel project.
The 19-acre project would include two five-story residential buildings, a six-story office building and an eight-story hotel.
The site is just across the turnpike from the $1.5 billion CityLine mixed-use center in Richardson.
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California developer pitches mixed-use project for Plano site
Apartments, offices and hotel would replace vacant Fry’s Electronics store.
Fry s Electronics closed its North Texas stores in February.(Tom Fox)
A California-based developer is working on plans for a new mixed-use project in Plano.
The 19-acre development would be on the site of the former Fry’s Electronics store between Bush Turnpike and Plano Parkway, just east of U.S. Highway 75.
Bay West Development is seeking zoning to replace the vacant Fry’s store with two five-story apartment buildings, a six-story office building and an eight-story hotel.
“This request includes 833 units on two lots,” according to details of the apartments included in the zoning request. “This proposed development appears to be providing a similar product to the existing multifamily development to the east across Executive Drive, not really adding variety.
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