The Contra Costa County Board of Supervisors approved a proposal for a 384-unit residential development on 7 acres in unincorporated Bay Point on Tuesday.
Supervisors signed off on a master development agreement between the county and the developer, Pacific West Communities, on county-owned property, located between state Highway 4, Bailey Road, East Leland and Ambrose Park.
The project would also include a county-owned library and approximately 11,558 square feet of commercial retail space, built in three phases. The first phase will involve the county selling 3.3 acres of the property for the development of 150 residential rental units and an approximately 20,000-square-foot library as the first phase of the development, which involves a $1,796,875 loan to the developer.The county acquired the property as a housing asset using the former Contra Costa County Redevelopment Agency's Low-and-Moderate-Income Housing Fund , capital tax increment, and capital tax allocation bonds.