San Diego-based Pathfinder Partners, LLC – which specializes in opportunistic real estate investments – and homebuilder Lanshire Housing Partners, LLC have recently completed construction on the model homes at Bahia Vista II, a new townhome community in Southwest Chula Vista, just south of downtown San Diego. A public grand opening event is set for Saturday, June 2, from 11 a.m. to 4 p.m.
A joint venture of Pathfinder and Lanshire, the community of 16 three- and four-bedroom townhomes is located at 806-812 Ada Street in Chula Vista. Completion on the project is slated for August 2018. Designed with first-time buyers, active duty and retired military and move-up buyers in mind, the homes start in the $400,000s. The community is adjacent to the 21-home Bahia Vista I community, which Pathfinder and Lanshire completed and sold out in 2016.
“The Bahia Vista II neighborhood is in an ideal location in Chula Vista’s up-and-coming Palomar Gateway, adjacent to the Marina District, with quick access to the I-5 freeway and the San Diego Trolley as well as shopping, dining and entertainment venues, including Aquatica Water Park and Mattress Firm Amphitheatre,” said Lorne Polger, senior managing director of Pathfinder Partners. Additionally, the project is less than a mile from San Diego Bay and close to two marinas and a bayfront park.
The homes range from approximately 1,650 to 1,800 square feet and feature open space interiors, high ceilings, quartz countertops and stainless steel appliances. All units have three full bathrooms with some of the four-bedroom homes featuring dual master suites. Select homes provide private patios with ocean, bay or mountain views. The project features a gated entrance, a paved trail and a park with a tot lot and seating areas.
Pathfinder acquired the partially entitled, 30,500-square-foot Bahia Vista II parcel in 2015.
The construction team includes Lanshire Development as lead general contractor with principal partner, Michael Kootchick, handling project management duties.
Rodriguez Associates Architects and Planners designed the townhomes as part of the original entitlement process. Pathfinder hired Tucker Sadler Architects to modernize the plans and complete the entitlements.
About Pathfinder Partners, LLC
Headquartered in San Diego, Pathfinder Partners was founded by Lorne Polger and Mitch Siegler in 2006 to make opportunistic investments in distressed real estate assets and value-add properties. Pathfinder has acquired or sold $1 billion of properties since inception. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, liquidating funds and fatigued owners, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies.
About Lanshire Housing Partners, LLC
Lanshire Housing Partners has been renovating and developing quality luxury and affordable multifamily housing since 1995. Lanshire, headquartered in San Diego, specializes in developing small to mid-size infill communities and building with an extremely high level of detail.