CHASKA, MN – Trident Development, a Minnesota-based firm specializing in the acquisition and development of luxury rental apartments, celebrated the opening of The Plaza at Hazeltine, a multifamily community located at 1130 Hazeltine Boulevard, with its project partners, city representatives and residents.
“From the beginning, our goal in developing The Plaza at Hazeltine has been to make a destination that is seamlessly connected to the surrounding community,” said ;Carin Bzdok, vice president at Trident Development. “By working shoulder-to-shoulder with our partners and the city of Chaska, we have achieved that goal and then some. With multiple living options and a wide range of modern amenities, residents are immersed in this wonderful city, taking pride in truly calling this home.”
Located at the southwest corner of Hazeltine Boulevard and Hundertmark Road, The Plaza at Hazeltine features studio/alcove, one, two and three-bedroom apartment options with luxury finishes, modern appliances and golf course views. Residents have access to an underground, climate-controlled parking garage with 100 stalls, and partial ground level covered parking with 30 stalls. The first residents started moving in in early September 2024.
The Plaza at Hazeltine is conveniently situated near a bustling retail area with Kohl’s, McDonald’s, Aldi, Chipotle and Starbucks. The location makes the most of its pedestrian walkways to the retail shops and recreational facilities, including The Loop at Chaska public golf course and the world-renowned Hazeltine National Golf Club.
Amenities include a large outdoor patio with pergola, grilling stations and firepit with comfortable seating, walking trails, a children’s play area, outdoor putting green, dog park, pet wash, bike racks, spacious community room, coffee bar, package delivery room, expansive fitness room, golf simulator, plaza breezeway through the building and a fourth-floor sky deck featuring a rooftop patio.
The general contractor for The Plaza at Hazeltine is Lyon Contracting and the property is managed by Village Green.

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HOUSTON, TX – Three Pillars Capital, led by Gautam Goyal, announced the acquisition of The Life at Beverly Palms, a 308-unit Class-C multifamily property located in Pasadena, TX. The acquisition is a significant milestone for the firm as it continues its trajectory toward $1 billion in assets under management. Upon acquisition, the property was renamed Vista Azul Apartments, reflecting the firm’s strategic repositioning efforts.
Situated in Pasadena, a key hub of the Greater Houston Area’s petrochemical industry, Vista Azul Apartments benefits from the city’s economic strength and steady demand for quality housing. The property offers a mix of one, two, and three-bedroom apartments, with a comprehensive two-year renovation and repositioning program aimed at modernizing the property and enhancing its appeal to current and prospective residents.
Three Pillars Capital, a Houston-based real estate private equity firm, brings over two decades of combined experience in acquisitions and asset management. The firm currently manages over $600 million in high-performing assets, totaling approximately 4,500 units. This latest acquisition underscores its commitment to value-add strategies and its dedication to delivering superior returns to investors.

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SAN DIEGO, CA – Civitas Capital Group, a Dallas-based alternative investment manager offering niche opportunities in U.S. real estate, recently broke ground on a 76-unit, Class A multifamily community in San Diego, California. Civitas is the developer of the project, as well as the project sponsor.
The project is located at 4080 32nd Street in the North Park neighborhood of Balboa Park, a walkable community full of unique shops, restaurants, bars, museums, and the world-well-known San Diego Zoo. Its irreplaceable location and unparalleled amenities help Balboa Park have one of the densest populations of 25-to 34-year-olds in San Diego.
The project comes at a time of a housing shortage in San Diego. The San Diego Association of Governments in March estimated the county requires roughly 20,000 new units annually through 2030 to make up for a 15-year housing shortage. The county is permitting roughly half of that amount with even less breaking ground due to the hard capital markets environment and the years it takes to obtain permits and entitlements for construction.
In fact, the Balboa Park submarket is expected to have effectively zero net deliveries between Q2 2025 and Q3 2026 – the time when the Civitas project is scheduled to deliver.
“We are extremely excited to bring this deal to the San Diego market,” said Jorge Adler, Director of Investments for Civitas and the lead on the project. “San Diego is a supply-constrained market with what Civitas believes are very positive long-term demand drivers. We are particularly excited about delivering this project in one of the most desirable submarkets of San Diego at a time when few other properties are scheduled to open. It’s a win for the community, and a win for Civitas.”
Adler says a huge reason this project is able to break ground when others cannot is because of its ability to accept funding through the EB-5 Immigrant Investor Program. The project is located within a Targeted Employment Area, as defined by USCIS.
“We closed on the land for this project in September of this year and broke ground within 30 days,” says Kelly Lindig, Director of Development at Civitas. “Our team at Civitas has experience in all aspects of the development and construction process with projects in Texas and California. In addition, our general contractor, Richard & Richard Construction, has extensive experience with similar projects in Southern California for numerous clients, including the U.S. Navy.”

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