Exclusively represented a legacy landowner in the positioning and disposition of an urban commercial site approved for 33 attached townhomes and 84 three-story detached townhomes on roughly 6.14 acres of land, in the heart of Downtown Santa Ana. With the majority of the Project’s housing plans positioned below the FHA loan limits, its unmatched proximity to employment centers, transportation corridors and mass transit, and its on-trend urban walkability, Lacy Crossing was uniquely positioned at the confluence of economic viability and homebuyer preference. The offering produced proposals from more than ten qualified buyers, including several publicly-traded national homebuilders, and resulted in the all-cash bulk acquisition of the entire site at a purchase price that exceeded the business plan.
Lacy Crossing
Santa Ana, CA
Orange County
117
Unit Count
Infill
Asset Class
Public Homebuilder
Buyer Profile
Unimproved
Site Condition
DTSA
McFadden Public Market
4th Street Market
Yost Theater
Downtown Plaza Shopping Mall
Garfield Elementary School
Santa Ana Metrolink Station