Prometheus Real Estate Group Develops Franco Park With City of Cupertino

SAN FRANCISCO, Feb. 17, 2011 /PRNewswire/ -- The city of Cupertino unveils a new city park developed in partnership with Prometheus Real Estate Group Inc.

Franco Park adjoins Prometheus' Markham Apartments, on the corner of Homestead Road. At a little over a half acre, the park has been nearly three years in the making and was developed along with the addition of 116 residential units at Markham Apartments. Named in memory of PW Market owner Joey Franco, Franco Park features a modern play structure and manicured lawns.

Cupertino Mayor Gilbert Wong performed the ribbon cutting ceremony January 22, under sunny skies with children standing by ready to play in the new park. "Cupertino is very famous for its schools and Apple Computer for high-tech," said Wong. "The quality of life is also very important in the community. You can have good jobs, good schools, but you need amenities, like libraries and parks. This is a great partnership that we can work together with a private company like Prometheus and the city to build a public park," said Wong.

"Franco Park is an excellent example of how a public private partnership can result in an absolute win win for everyone--for the City, our residents at Markham Apartments and the greater community of citizens in Cupertino," said Executive Vice President, Jonathan Moss. "We are grateful to the City of Cupertino for its collaborative efforts in creating a very special place for generations to come."

About Prometheus

Prometheus Real Estate Group is the largest private owner of multi-family properties in the San Francisco Bay Area with a growing portfolio of more than 18,000 metropolitan-area apartments in the Seattle, Portland, Ore., and Los Angeles communities. Since its inception in 1965, Prometheus Real Estate Group has specialized in the acquisition, development and management of high quality residential and commercial properties throughout the Western United States. Prometheus has a long history of award-winning approaches to development, management and general excellence. Recent recognition includes: 2010 MHN Best Property Management Company of the Year, three Gold Nugget Awards and one Grand Award from the Pacific Coast Builder's Conference, First Place in Customer Service and Experience from For Rent Magazine, a California Landscape Association Trophy Award, a Rosey Award from the Portland Advertising Federation and the Multi-Housing News Design Excellence Award. For more information, visit http://prometheusreg.com, Facebook, Twitter, or Linkedin.

SOURCE Prometheus Real Estate Group