Entitlements Completed:
The Trails of Manteca
- The Trails of Manteca, Located at highway 120 of the Airport Road Exit – just off Interstate 5, across the street from the previous location of the famous Manteca Water Slide on Woodward Avenue. NextBay conceived of The Trails of Manteca, acquired the rights to the property through a five year purchase option. The Option was the successful result of a one year litigation process. We had the Right of Refusal which the Seller failed to honor. The litigation cost almost one million dollars funded by NextBay. NextBay successfully achieved of the entitlements through a Vested Tentative map and, a Development Agreement with the City of Manteca for 1,165 single family lots. This complex massive project was about a mile across. NextBay raised about $18,000,000 for The Trails. We negotiated with several Buyers before selling The Trails to Wheelock Street Capital in the summer of 2013.
Project Details
· Located at highway 120 of the Airport Road Exit – just off Interstate 5, across the street from the previous location of the famous Manteca Water Slide on Woodward Avenue.
· 1,165 Single Family Lots ranging from 2,500 sq. ft. 35 ft wide lots to 6,500 sq. ft. 65 x 100 lots.
· Vested Tentative Map and a Development Agreement with the City of Manteca
· Located within the City of Manteca.
· Approximately 60 miles from San Francisco and 55 miles from Sacramento at the junction of three major highways (5), (120) and (99).
· Full City services available, sewer, water etc.
A Few of Our Other Recent Projects:
· Forty senior affordable apartments in Livermore, CA developed with Eden Housing and Barry Swenson Builders
· Fifty-Six affordable family apartments under construction in Hercules, CA developed with Eden Housing and Barry Swenson Builders
· Nine single family luxury homes in Walnut Creek, CA developed with the Mark Pringle Company
· Twelve luxury hillside single family homes in Martinez, CA developed with the Mark Pringle Group
· Twenty-six townhouses in Pleasanton, CA developed with Braddock & Logan
· Eight single family luxury lots developed in Castro Valley, CA with Centex Homes
· Ten single family homes approved and under construction in Concord, CA developed with Silverwing Development
· Twenty Eight single family homes in Castro Valley, CA and under development Eleven Single family homes and a historical estate restoration in Hayward, CA developed with the Mark Pringle Group and Greg Silva Realty
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