New Homes in a Waterfront Community in San Joaquin

New Homes in a Waterfront Community in San Joaquin

Business Park

Just think: more than 80,000 well-trained workers cross the Altamont Pass from San Joaquin County to work in Silicon Valley and San Francisco Bay Area jobs every day. River Islands in Lathrop offers Bay Area businesses an opportunity to take advantage of this thriving labor pool by moving their offices, R&D facilities or training campuses quickly, efficiently and affordably to the most Bay Area-proximate corner of San Joaquin County—a place where their workers already live, thereby eliminating the commute and the attendant problems of high-cost, hard-to-find housing in the inner core of the San Francisco Bay Area. River Islands is the one of California’s premier mixed-use master planned communities, with a shovel-ready 350-acre business park, a robust builder program providing a range of housing types at appealing price points, developer-built charter schools, parks, trails, riverfront and lakeside recreation, and a community-based lifestyle. At a time when Bay Area businesses are seeking to attract and retain trained employees, moving a business to River Islands accomplishes many of the key goals of a successful relocation, foremost of which is that it provides the solution to the Bay Area’s jobs-housing imbalance. River Islands believes that the size and scope of our mixed-use master plan has the power to change people’s lives. River Islands wants to change the way people work, live and play, by creating a community where people can commute to work by bicycle after riding with their children to technology-focused charter schools. During their breaks, they can enjoy a run along the San Joaquin River, and after work, meet friends for a drink at a lakeside restaurant after kayaking in one of the community’s many lakes. The owner and developer of River Islands is the privately-held Cambay Group which has invested almost 30 years in assembling and entitling one of the largest land holdings under single ownership in the state. We are part of Somerston Holdings International (Somerston.com), a 150 year-old company with assets around the world. Our decision making process is thorough, yet flexible. The River Islands business campus is shovel ready, and the City of Lathrop is committed to a streamlined permitting process rarely seen in California. Several Fortune 500 companies have major facilities in Lathrop, including Tesla Motors. In fact, the City is so friendly to business that when Tesla first approached the City to locate a manufacturing plant in Lathrop, approvals were processed within 48 hours.

RIVER ISLANDS
BUSINESS CAMPUS:

A CURE FOR SAN FRANCISCO BAY AREA’S
JOBS-HOUSING IMBALANCE

GREEN, CLEAN AND
FUTURE-FOCUSED

  • Parks, playing fields, lakes and trails for everyday recreation and fitness;
  • Advanced green, water and energy saving construction and amenities;
  • Connectivity within the River Islands community, so people can walk or bicycle from their homes to their jobs, shopping, restaurants and to their children’s schools.

A MIXED-USE MASTER
PLANNED COMMUNITY

  • 5,000 acres of already-entitled land, under single, private ownership;
  • An approved business park site for 5+ million square feet of office, campus or R&D space, ready for development;
  • 11,000 units of residential housing
  • 9 schools, K-8 through high school, with two charter schools already open;
  • Parks, playing fields, trails, lakes and San Joaquin River boating;
  • Restaurant and pub already open, with downtown retail center planned;
  • Approximately equidistant from San Francisco, San Jose and Sacramento
  • Freeway access to I-5, I-205 and I-99

A SUPPORTIVE
DEVELOPMENT CLIMATE

A SUPPORTIVE
DEVELOPMENT CLIMATE

  • Pristine land for development—no toxic water or land cleanup required;
  • Lathrop is a City that is comfortable in its role as a home for major corporations, such as In-N-Out, Ghirardelli Chocolate and Tesla Manufacturing;
  • An example of streamlined permitting in Lathrop, a City “that can get things done”, is the approval of Tesla’s plant plans in 48 hours

HOMES FROM THE
AFFORDABLE TO THE
EXECUTIVE LEVEL

  • 11,000 units of residential housing, now under construction, providing housing starting in the $400,000s—about HALF the price of Bay Area homes;
  • Custom home sites along the San Joaquin River for executive living

CENTRAL LOCATION

CENTRAL LOCATION

  • Located at the crossroads of three major Bay Area freeways, the I-5, SR 120 and SR 205, the major connector to the Bay Area.
  • A local ACE station within a short bike ride.
  • Within one hour of three major airports (SFO, OAK, SAC and SJ) with executive service at Stockton 10 minutes away.

FINANCIAL INCENTIVES

FINANCIAL INCENTIVES

  • $55 million total in economic development fees available from master developer;
  • State of California Enterprise Zone tax incentives
  • $55 million total in economic development fees available from master developer;
  • State of California Enterprise Zone tax incentives

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