DAVIS, CA—An underutilized 5-acre site located along Olive Drive, which consists of 11 contiguous parcels, includes some of the last undeveloped land within Davis' city limits. It is located near the intersection of Richards Boulevard and within walking distance of both the University of California, Davis and the downtown business district.
HighBridge Properties, a development firm focused on multifamily and student-housing properties, acquired the site that it intends to develop as rental housing for UC Davis students. In developing a student housing community on the acquired parcels, HighBridge will bring much-needed and high-quality rental housing near the downtown core of Davis.
Paul Gradeff, managing director of HighBridge Properties, tells GlobeSt.com: “We believe that our project will address significant pent-up demand for rental housing in Davis. Housing is in short supply, particularly for UC Davis students, and there are few, if any, better locations for off-campus student housing than the site we've acquired.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
