6170 High St - 87 Residences shovel ready

Rare Downtown Clayton fully entitled and permitted multifamily project. 3.02 acre assembled land development for 87 units over three separate parcels. This 6450 Marsh Creek Rd. lot is approved for 26 units plus 2 adu's. The contiguous lot at 6170 High St.is approved and permitted for 30 units plus 2 adu's. And 6490 Marsh Creek Rd. is approved for 25 units plus 2 adu's. Adjacent and separate sale transaction of 1.5 acre with custom home also for sale which will allow another 61 units or present itself for clubhouse. Total acreage available is 4.5 acres of 148 units. (New ADU law allows 6 units on top of 81 units with ministerial approval once project is complete.) Senior housing, affordable housing, market rate, supportive and transitional housing. Fees are 19k per unit including water (see offering package). Project could grow to 148 units with Site Plan Review for contiguous 1.5 parcel. All environmental reports finished. Project will/should qualify for Infill Exemption since The Olivia on Marsh Creek received such evaluation. Amenity package could include incredible clubhouse with bocce, pool, gathering place which will drive rents north beyond proforma. Definitely best project in the Contra Costa County for location, future potential, and proforma returns. Apartments, Senior Apartments, Active Adult, market rate, specialty housing like memory care/assisted/independent or condos. Project could be mapped for 87 (or 148) condos as well for future sell off. Income ranges from 250k monthly to 500k a month depending on vision and expertise. Quiet, no homeless, family oriented city, parades, festivals. 7 Below market rate units for affordable housing on entire project. Construction documents finished. Vertical and horizontal permits. Grading and Improvement plans approved.