Triad Lagoon Valley, LLC, a Washington limited liability company affiliated with Triad Development, based in Seattle, has acquired approximately 840 acres from Lennar Corporation to develop the mixed-use Lagoon Valley community in Vacaville, California. Lagoon Valley is approved as a conservation community, balancing jobs with housing, with over 80 percent of its specific plan area entitled for open space/recreational use. Site grading is scheduled to commence in May 2020, with building construction to begin in early 2021. The site is located along Interstate 80 at Lagoon Valley Road, 51 miles from downtown San Francisco, 38 miles from downtown Sacramento, 35 miles to Walnut Creek/East Bay cities, and 25 miles to Napa Valley.
The Lagoon Valley community will consist of Class A offices, 12 distinct residential neighborhoods, and a variety of recreational components that will be enjoyed both locally and regionally. The office project – Ascend @ Lagoon Valley – is comprised of seven, four-story mass timber buildings from 700,000 to potentially1,000,000 square feet of space. Ascend features a 30,000 square foot amenity building with a fitness center, food, and recreation, which received preliminary support from the City. An amphitheater, sports courts, and field space are planned outdoor amenities, and there will be a transit center with a 10-minute shuttle to Vacaville’s Capitol Corridor Amtrak station. The surrounding 2,000 acres of protected open space includes the adjacent 470-acre Lagoon Valley Park and 100-acre lake, a centrally located eight-acre public park, and numerous smaller neighborhood parks.
Lagoon Valley will include a fire station, a 50,000 square foot Town Center featuring smaller independent retail shops and restaurants, affordable housing, a championship golf course, and an abundance of hiking trails throughout the community linking residents and office workers directly to hiking opportunities in the adjoining hills and Lagoon Valley Park. It will also include approximately 940 single-family market-rate homes across a range of sizes, styles, and price points.
“The Lagoon Valley community provides a unique opportunity for an employer to attract highly skilled workers and grow their business while providing employees with an unprecedented live, work, and play environment,” said Sandy Rodriguez, an associate vice president with Kidder Mathews.
Kidder Mathews commercial real estate brokerage is actively leasing the office space at Ascend @ Lagoon Valley. Contact James Lees, Sandy Rodriguez, Max Sander, or Skip Whitney at (650) 769-3600 with inquiries.
About Triad Communities
Triad Development has, for many years, been one of the most innovative, successful developers in the Pacific Northwest. Entitling, designing, building, and managing mixed-use commercial office, retail, and residential communities, Triad has established a reputation for visionary projects and expertise in on-time, on-budget performance. Its nearby award-winning Hiddenbrooke community in Solano County features 1,200 residences from $500,000 through multi-million-dollar custom homes, neighborhood-serving retail, and an array of recreational amenities, all surrounded by 700 acres of preserved open space.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9 billion in transactions, manages over 70 million square feet of space, and conducts over 1,600 appraisals annually. For more information, visit kidder.com.