What is the latest status of the project “Serenity at Larkspur Apartment Complex”?

The status recorded for “Serenity at Larkspur Apartment Complex” is sold after project failure.

What is the budget and commercial profile for the project “Serenity at Larkspur Apartment Complex”?

Taiyo normalizes the budget of “Serenity at Larkspur Apartment Complex” to USD 226000000.

Where can I verify the source and access all details for “Serenity at Larkspur Apartment Complex”?

This Taiyo project page references CBS News along with the original URL (https://www.cbsnews.com/amp/sanfrancisco/news/larkskpur-apartment-complex-meant-for-middle-income-housing-sold-after-program-fails/). Taiyo standardizes official data into a consistent, searchable project profile.

Serenity at Larkspur Apartment Complex

Sector: Residential • Location: Larkspur, California, United States

Source: CBS News

Project

Sold After Project Failure

A large apartment complex near the ferry terminal in Larkspur was purchased in 2020 by Catalyst Properties and California Community Housing Authority (CalCHA) using tax-free bonds to create middle-income affordable housing. The project faced challenges due to high rents and low occupancy by middle-income tenants, leading to financial losses and eventual sale to a market-rate landlord.

Status: Failure
Sector: Residential
Location: Larkspur, California, United States of America
Updated: 22 Jul 2026
Source: CBS News

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Project Information

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The project “Serenity at Larkspur Apartment Complex” is an infrastructure initiative in the Residential sector, located in Larkspur, California, United States. Taiyo aggregates data on it from CBS News.

Participants

Not available for this record.

Status

Original status	sold after project failure
Taiyo status	Failure
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	A large apartment complex near the ferry terminal in Larkspur was purchased in 2020 by Catalyst Properties and California Community Housing Authority (CalCHA) using tax-free bonds to create middle-income affordable housing. The project faced challenges due to high rents and low occupancy by middle-income tenants, leading to financial losses and eventual sale to a market-rate landlord.
Original sector	Housing
Budget

Location

Country	United States of America (USA)
State	California
City	Larkspur

Source

Source	CBS News
URL

More Details

Record type	Project
Sector	Residential
Article published date	2026-04-17

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