RiverPark Master Planned Community
Over a seven year period beginning in 1997 Urban Partners, Plaza Development and Keller CMS master planned and entitled a 700 acre parcel along the Santa Clara River in Oxnard for a mixed-use community of approximately 2,800 residential units and up to 2.4 million square feet of commercial space. Equity funding was provided by Oaktree Capital Management.
The planning and entitlement process involved a complex land assembly process, restructuring of a failed Community Facilities District (Mello Roos) bond issue and extensive entitlement and environmental negotiations, all of which were successfully completed in 2002.
Retail and single-family portions of the community were sold to developers in 2004. Urban Partners and its joint venture investors are developing up to 860 apartment and condominium homes on the remaining portions of the site. The joint venture was also resposible for delivering a new elementary school, middle school, county and city fire department and county public works yard.