Essex Property Group Buys Lincoln Landing for $205M
The 476-unit Hayward complex has been sold in an all-cash deal, shifting ownership for residents and retail tenants.
Updated on Oct. 29, 2026 in Commercial
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Essex Property Group has acquired the Lincoln Landing apartment complex in Hayward for $205.3 million in an all-cash deal. The major residential and commercial property features 476 apartment units and 80,500 square feet of retail space.
Why it matters
This significant transaction marks a major shift in the local housing and commercial landscape by placing the high-density site under new ownership. The complex, which sits at 22335 Foothill Blvd., occupies the former headquarters of Mervyn's department store.
The deal for the 476-unit property was finalized as an all-cash transaction recorded on October 28, 2026. The site includes two six-story buildings anchored by a City Sports Club retail space.
The players
Essex Property Group
A real estate investment trust that specializes in the acquisition and management of apartment communities.
City Sports Club
A fitness center operator serving as the primary commercial anchor for the Lincoln Landing complex.
Bridge Investment Group
An investment firm that partnered to develop the Lincoln Landing residential and retail property.
Dollinger Properties
A commercial real estate development company that co-developed the site of the former Mervyn's headquarters.
The details
The sale involved the transfer of the entire mixed-use complex from its original developers, Bridge Investment Group and Dollinger Properties. The project was initially approved by Hayward city officials in 2017 to revitalize the area following the 2008 collapse of the former Mervyn's department store headquarters. It now serves as a key high-density residential and commercial hub in the city.
Timeline
2008: Mervyn's department store collapsed.
2017: Hayward officials approved the mixed-use project.
2022: The first phase of Lincoln Landing officially opened.
October 28, 2026: Sale documents were filed with the Alameda County Recorder's Office.
The Home Front
This acquisition concludes the transformation of a major commercial site into a modern, high-density residential hub. It follows the 2017 Hayward mixed-use project approval, reflecting a broader trend of repurposing defunct corporate headquarters into market-rate urban housing.
Renters at Lincoln Landing should watch for any official correspondence regarding potential management or lease policy changes under the new ownership. Owners of nearby properties may observe shifts in local foot traffic and retail vitality as the complex continues to mature under Essex Property Group.
The takeaway
This $205.3 million deal highlights the ongoing maturation of Hayward's mixed-use residential landscape. Residents should keep their current lease agreements on file and reach out to management with any questions regarding operational transitions at the complex.
Further reading
For more on large-scale property developments in the area, check out Commercial.
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