5 Acres in Approved Master Planned Development
Land | 5 acres
Marketing description
The subject property is an unimproved five-acre parcel of land located within the permitted, master-planned unit development known as the Train Station Specific Plan (“TSSP”) / Planning Area 3 in Fairfield, California. The overall size of Planning Area 3 is approximately 69 acres, and it is located immediately south of the new Fairfield-Vacaville Train Station. Notably, it is the only planning area that will provide a direct connection to the station.
The subject property is zoned for Medium Density Residential (MR) zoning within the TSSP. For the five acres of the subject site, the minimum target for the number of units to be constructed on the property is 50, a midrange of 70 units, with site currently allocated for 90 two-story condominium units, or 17.9 units per acre.
The new Fairfield/Vacaville Train Station (FVTS), was renamed as the Fairfield-Vacaville Hannigan (FFV). Thirty years before the first passenger stepped foot on a train at the corner of Peabody and Vanden Roads in Fairfield, lifelong public servant Tom Hannigan knew rail service connecting communities in Northern California would one day be a reality. In recognition of Hannigan’s forethought and championing the creation of the Amtrak-operated Capitol Corridor route, the newest stop along the corridor in Fairfield was renamed the “Fairfield-Vacaville Hannigan Station,” and the north/south street at the station will be renamed “Tom Hannigan Way.”
The Fairfield-Vacaville Hannigan is one of 18 along Amtrak’s 170-mile-long Capitol Corridor between Auburn/Sacramento and San Jose, CA. The FVTS is the focal point of transit-oriented development planned for northeast Fairfield over the next 20 years. TRC led a large multidisciplinary team for the construction of the new $38 million train station and Peabody Road Overcrossing, which is one of the largest capital improvement projects in Fairfield’s history.
Investment highlights
• 5-acre parcel strategically located within the transit-oriented 69-acre, approved master planned development in Fairfield, California.
• Wide range of approved densities from 50 to 90 units or more, with possible increased density allowance.
• Amenities within steps of the subject site include a planned public park with large open green space, a basketball court, multiple picnic seating and barbecue areas.
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