Private equity firm Pathfinder Partners LLC and developer Lanshire Housing Partners LLC, both of San Diego, have broken ground on Bahia Vista Townhomes, a $5.6 million multifamily project in Chula Vista’s Marina District.
Pathfinder Partners officials said the 21-unit community is slated for completion in 2015. The project consists of four three-story, Mediterranean-style townhome buildings, housing 13 three-bedroom and eight four-bedroom units.
Dwellings will range from 1,600 to 1,800 square feet. The one-acre project will include an open park with a “tot lot,” seating areas, and a paved trail encircling the perimeter of the development.
Lorne Polger, Pathfinder Partners’ co-founder and senior managing director, said developers were attracted to the location by recent redevelopment driven by Chula Vista’s long-term bayfront master plan, geared to transforming more than 550 acres of underused industrial property into a residential and resort area.