GH America Posed to Build 238 Homes Plus Offices in Dublin

GH America Investments Group wants to develop hundreds of homes and offices on nearly 200 acres of land it bought in Dublin.

An affiliate of the Houston-based investor founded by Chinese billionaire Sun Guangxin moved forward after the city Planning Commission voted to rezone the 192 acres east of Fallon Road and north of I-580, the San Francisco Business Times reported.

The company has proposed building 238 townhomes, or condominiums, and 3.3 million square feet of offices.

While the affiliate, GH PacVest, hasn’t filed formal plans to build there, the commission vote established a development agreement, its first step toward development.

GH PacVest bought the land in 2017 for $130 million, or $677,083 an acre.

The commission voted to split the four-parcel property into 11 parcels and convert 42.6 acres of public or semipublic land into parks and public recreation space.

Jason Laub of Bay West Development, who represented GH PacVest, said that land could be turned into hiking trails and parks.

Parcels 7 and 8, which total 13.7 acres, would include medium-high-density residential where GH PacVest has pitched building 238 townhomes or condos.

The firm also pitched 3.3 million square feet of offices across five parcels totalling 126 acres.

The area falls within the Fallon East Economic Development Zone, where developers are offered incentives for targeting such industries as medical technology, biotech and other startups.

GH PacVest didn’t respond to requests for comment from the Business Times. The firm would need a site development review permit and approval from the Planning Commission at a public hearing before it could break ground.

By entering into a development agreement, Dublin is agreeing to not change its zoning to thwart the project, while simultaneously gaining commitment from the applicant to develop a plan to build there.

GH America Investments Group was founded in 2015 by Xinjiang-based real estate tycoon Sun Guangxin, a former captain in the People’s Liberation Army.

GH America is a unit of Xinjiang Guanghui Industry Investment Group, a Fortune Global 500 conglomerate focused on automobile distribution, natural gas, real estate and logistics.

— Dana Bartholomew