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8/29/16
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BLT Enterprises plans to begin work on Phase I of Vista Tulocay, a 500-unit multifamily project in Napa. Phase I, which was recently approved by the Napa City Council, will include 282 apartment units on approximately 12.5 acres.
Vista Tulocay will be situated on a currently vacant 20-acre parcel adjacent to the Napa River and within biking distance to Napa’s vibrant downtown core. The development will also include a Phase II, which is currently being designed and will be presented to the City for approval in the near future. That Phase is planned to include between 98 and 218 additional residential units on eight acres.
“Napa is in dire need of new housing options,” noted Rob Solomon, Chief Development and Legal Officer for BLT Enterprises. “The city attracts more than 1,000 new residents each year, while only 200 building permits are approved annually.”
“This is a historically strong market that has recently been defined by high rents and extremely low, sub-2 percent vacancy rates,” explains Shawn Guttersen, a Partner at BLT Enterprises. “Our planned development marks the largest influx of housing in the city in the past five years”.
Phase I of Vista Tulocay is planned to include nine three-story buildings situated just off Soscol Ave, a major thoroughfare in Napa. The apartment community will have unobstructed views of the Napa River, a public trail network, and will include a bridge over Tulocay Creek providing direct connection to the recently completed retail and entertainment center anchored by Century Theaters.
Vista Tulocay will feature a number of amenities, including a community center, state-of-the-art fitness center and various resort-style pools, among others. Phase I of the development will yield 77 one-bedroom, 186 two-bedroom and 11 three-bedroom units, as well as eight three-bedroom townhomes. BLT Enterprises plans to integrate ample guest parking with a mixture of garages, carports and open parking lots to accommodate up to 485 vehicles.
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