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June 15, 2024
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HighBridge Properties to Develop Student Housing Project on Five acres Near UC Davis


HighBridge Properties has acquired a five-acre infill site in the NoCal town of Davis, which it intends to develop as rental housing for students at the nearby University of California, Davis. The underutilized site, which consists of 11 contiguous parcels, includes some of the last undeveloped land within Davis’s city limits.

The property is located along Olive Dr, near the intersection of Richards Blvd and within walking distance of both the UC Davis campus and the downtown business district. The site is largely vacant land, but does include seven single-family houses and three uninhabitable cottages, all of which were built in the 1940s and 1950s. It was long owned by the Callori family, whose ancestor, Giuseppe “Joseph” Callori, emigrated from Italy and settled in Davis in the early 1900s.

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. Preliminary plans call for the construction of a mix of three- and five-story residential buildings with 120 to 140 student-purpose-built rental apartment units. The precise number of apartment units is yet to be determined.

The development will address the growing demand for safe, modern and amenity-rich rental housing for students of UC-Davis, which currently has an enrollment of just over 35,000 undergraduate and graduate students. In addition, the project is expected to foster greater pedestrian, bicycle and public transportation usage, thereby decreasing reliance on automobiles and reducing traffic congestion and air pollution.

The transaction was brokered by Sunny Gill of Sacramento-based Habitat Investment Advisors. The acquisition of the Olive Drive site is the second property investment that HighBridge has made in Davis. In 2011, the firm acquired The Grove, an 80-unit rental apartment community that it subsequently renovated and currently owns and operates.

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