Blue Vista acquires 300-unit multifamily development in Cheshire, Conn.

Blue Vista Capital Management announced the closing of its acquisition of a 300-unit, class-A multifamily development in Cheshire, Conn. The acquisition was made in partnership with Eastpointe.

The development project will comprise eight three-story and one four-story garden-style apartment buildings. The buildings will offer a range of studio, one-, two- and three-bedroom options to prospective residents. In addition to the living spaces, the development will feature a 7,500-square-foot clubhouse with a fitness center, seasonal swimming pool, co-working spaces, outdoor dog park and guest suite.

The location provides easy commuting between New Haven, Hartford and Fairfield counties. The development is part of Stone Bridge Crossing, a new master-planned community that will include for sale townhomes, a retail center hosting national and local retailers, senior housing, restaurants, a hotel and a gas station.