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Bardis sells 1,300-acre Legado site to Bay Area's Shalako

Source: bizjournals.com

Bardis family sells 1,300 acres of prime land in Rancho Cordova to Shalako Ventures for an undisclosed price.
The site, once planned for a massive Legado mixed-use development, could now support up to 12,000 homes and commercial space.
This deal shifts control from longtime local developers to a Bay Area investor, potentially speeding up housing projects amid California's shortage.

The Bardis family, prominent Sacramento developers, has offloaded 1,300 acres in Rancho Cordova to Shalako Ventures, a San Francisco Bay Area firm. The land was the heart of their ambitious Legado project, envisioned as a 5,000-acre master-planned community with homes, offices, and parks. Shalako plans to revive and expand it into a denser development to meet surging housing demand. For readers in real estate, development, or Sacramento business, this signals fresh momentum for one of the region