The Aviatrix, an 18.93-acre build-to-rent (BTR) development site in Fairfield, California, has sold to Republic Urban Properties. Kidder Mathews First Vice President and multifamily investment sales specialist Matthew Clark exclusively represented both the buyer and the seller.
The Aviatrix comprises 188 BTR townhomes located at 5005 Peabody Road. The project is one of the first BTR sites in the Bay Area, offering a unique housing solution between traditional multifamily and single-family homes. BTR units are an increasingly popular alternative to homeownership for renters who want the benefit of no neighbors above or below them like a single-family home, but the community amenities and leasing office common in multifamily housing.
The Aviatrix is slated to deliver a best-in-class living experience to the supply-constrained Fairfield submarket. Residents will enjoy luxury amenities including a clubhouse, resort-inspired pool & spa, multi-use sport court, and an expansive trail system.
Strategically positioned within walking distance to the Fairfield-Vacaville Capitol Corridor train station, the complex offers convenient access to both the East Bay and Sacramento. The Aviatrix also sits directly west of the California Forever project, a proposed 60,000-acre new city between San Francisco and Sacramento and backed by several Silicon Valley billionaires.
About Republic Urban Properties
Republic Urban Properties is the West Coast Division of the Republic Family of Companies, known for developing quality real estate throughout the United States, from land development and historic adaptive reuse to shopping malls. As a leader in transit-oriented and mixed-use projects, Republic Urban Properties is involved in a number of projects in the public and private sector areas for acquisition and/or land joint venture partnerships, and ultimately, builds landmarks. This innovative and lean team has a magnitude of experience working closely with state, county, and city governments to successfully navigate the intricacies of California’s regulatory environment. Republic Urban Properties is developing over 5.7 million square feet of multifamily, office, retail, and hospitality, with an estimated market value among projects slated for completion within the next five years totaling approximately $1.79 billion and plays an integral role in making San Jose and the Peninsula one of the top three multifamily markets in the country. Learn more about Republic Urban Properties on LinkedIn or at republicfamilyofcompanies.com.
About Kidder Mathews
Kidder Mathews is the largest independent commercial real estate firm on the West Coast, with over 900 real estate professionals and staff in 20 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, asset services, consulting, and debt & equity finance services for all property types. The firm performs $12 billion in transactions, manages 53 million square feet of space, and conducts 2,800 appraisal, consulting, and cost segregation assignments annually. For more information, visit kidder.com.
