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9/28/20
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A 4.11-acre site in Mission Viejo was acquired in a $9.94 mil deal for a planned residential development. The site, located at 28719 Los Alisos Blvd, offers 2.75 buildable acres that can be used for the new project, City Lane Townhomes, a fully entitled, 60-unit townhome community.
City Lane Townhomes is planned to include two- and three-bedroom condominiums with a total of nine affordable units. It will feature amenities such as a dining court with barbeque area, table and bar seating, and play area.
Avison Young’s Peter Hauser, Alan Pekarcik, Matt Hauser and Chris Smith represented the seller, MF Mission Viejo LLC, a family partnership on behalf of Ray and Nic DeAngelo. The buyer is an unnamed, national builder with a presence in the market. According to Hauser, the property listed garnered more than 20 offers.
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