Creative Solutions to Complex Problems
University of California Hansen Trust Property
Ventura, CA
Conceptual Rendering
Description:
The University of California is offering a unique opportunity to purchase a fully entitled residential development site in the City of Ventura, in coastal Southern California. The ±35.67 acre University of California Hansen Trust Property is located at the SE corner of Telegraph Road and Saticoy Avenue, and is a relatively level infill site, with extensive public street frontage and no existing structures.
All discretionary project entitlements were fully approved in 2008 & 2009, and the site has been annexed into the City of Ventura. The UC Hansen Trust Property will be sold to the highest bidder, via a sealed bid process in conformance with the State of California Stull Act.
Fully-Entitled ±35.67 Acre Site, approved for:
Discretionary Entitlement Approvals Include:
Bidding Price & Terms
The University of California will make the UC Hansen Trust Property available via a Sealed Bid Offering, subject to the provisions of the “Stull Act” (Public Contract Code Sections 10511-10513) which prescribes the manner of bidding. The University is required to select the highest bid which also conforms with all other published Bidding Requirements.
The University of California is offering a unique opportunity to purchase a fully entitled residential development site in the City of Ventura, in coastal Southern California. The ±35.67 acre University of California Hansen Trust Property is located at the SE corner of Telegraph Road and Saticoy Avenue, and is a relatively level infill site, with extensive public street frontage and no existing structures.
All discretionary project entitlements were fully approved in 2008 & 2009, and the site has been annexed into the City of Ventura. The UC Hansen Trust Property will be sold to the highest bidder, via a sealed bid process in conformance with the State of California Stull Act.
Fully-Entitled ±35.67 Acre Site, approved for:
- 131 Market-Rate Detached Homes
- ±34 Market-Rate Attached Rowhouse/Townhouse Condominiums
- ±6 acres of Public Park & Open Space
- 20-24 Inclusionry Housing Units (on a 1.4 acre building pad to be donated to the City of Ventura's Housing Authority)
Discretionary Entitlement Approvals Include:
- Specific Plan
- Vesting Tentative Tract Map
- CEQA Document (IS/MND)
- Development Agreement
- Annexation (completed & recorded)
Bidding Price & Terms
The University of California will make the UC Hansen Trust Property available via a Sealed Bid Offering, subject to the provisions of the “Stull Act” (Public Contract Code Sections 10511-10513) which prescribes the manner of bidding. The University is required to select the highest bid which also conforms with all other published Bidding Requirements.
