Antioch Parcel Sale Completes Assemblage for Master-Planned SFR Project
Kennedy Wilson Brokerage closed the $3.75-million sale of an 8.25-acre parcel known as Delizia Ranch in Antioch. The sale marks the beginning of the development path for a 16-acre master-planned community which will add 216 single-family rental townhomes to the area. VP Eric Rehn represented the seller, Delizia Ranch, LLC.
The sale represents half of the more than 16-acre assemblage now owned by the buyer, BrightSky Residential, whose future townhome development will offer units ranging from 941 to 1,504 square feet. Vertical construction is expected to begin in late 2024 with completion expected in mid-2025.
“It’s no secret that there is a critical need for transit-oriented, multifamily development in the area, and good sites are difficult to find,” said Rehn. “This property checks all the boxes: it’s on a bus route, near a BART station, and has direct access to State Route 4. As a result, this property provides a unique opportunity to develop a well-positioned transit-oriented community that can support the region’s growing labor demand.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).