Stalled Napa condo project offered for sale
Back in 2011, there were big plans for the vacant lot on California Boulevard just north of Embassy Suites, across Napa Creek.
The field — primarily used as a footpath leading to a passage under the freeway — was to become home to 48 condos with two- and three-bedroom units, said the developer at the time.
Prices would range from $150,000 to $200,000 – figures that seem a steal in today’s real estate market.
The city approved the new housing units, but for an unknown reason they were never built.
Now the 3.8-acre parcel, with a current address of 1701 D. St. Alley, is being listed for sale for $7.25 million. The owner of the land is listed as NCCH 103 NAPA LP of Mill Valley.
The property listing notes that construction drawings for the project are 95 percent complete and all permits are in process.
The site work, including concrete, construction and electrical is estimated to cost an additional $1.8 million, said the listing.
Napa Creek 2016 would include 48 units ranging from 1,201 to 1,819 square feet. Those units could range from two to four bedrooms. Read more
Or see Original Video Clip of 2011