Clyde Holland Of Holland Partner Group Purchases Development Site In Fountain Valley For $28.25M

The property asset involved in the transaction is a 7-acre development site located at 16800 Magnolia Street, Fountain Valley, CA. The sale price of the asset was $28,250,000. The approved development plan includes a 657-unit mixed-use apartment project, featuring 78 affordable units, 4,500 square feet of retail space, and two seven-story parking structures. The estimated development costs for this project are projected to be $361 million.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,250,000
• Buyer: Clyde Holland - Holland Partner Group
• Market: Fountain Valley, CA
• Acres: 7
• Approved Units: 657
• Affordable Units: 78
• Retail Space: 4,500 square feet
• Parking Structures: Two seven-story
• Estimated Development Costs: $361 million

Clyde Holland, representing Holland Partner Group, is the key individual in this transaction. Holland Partner Group plans to redevelop the former Boomers! site, which is a significant investment in the Fountain Valley area, focusing on mixed-use development to enhance the local community and housing availability.