SAN JOSE, Calif., Nov. 29, 2017 /PRNewswire/ -- Trumark Homes, the national award-winning California homebuilder, today announced the acquisition of a land parcel in downtown San Jose with plans for a new community adjacent to the popular San Pedro Square Marketplace. The community will offer 78 new townhomes, adding to the urban revitalization of downtown San Jose.
"This prime location has long been underutilized and underdeveloped. We are excited to introduce much-needed new housing to the area and contribute to the revitalization of downtown San Jose," said Tony Bosowski, Division President at Trumark Homes. "This site will be the first for-sale townhome community of its kind in the vicinity, and will be ideally positioned within walking distance to Diridon Station, the SAP Center and the proposed Google transit village."
Located at the intersection of North San Pedro, Julian and Devine, and Terraine Streets, the nearly 2.5-acre site comprised of three parcels was acquired by a venture between Trumark Homes and IHP Capital Partners. Floor plans for the two- and three-bedroom townhomes will range from approximately 1,200 square feet to 2,000 square feet and feature attached direct-access garages. Residents will enjoy easy walkability to downtown office, retail, restaurants and entertainment, convenient access to public transportation and freeways, and a close commute to the Mineta San Jose International Airport.
"Introducing new housing to downtown San Jose represents a tremendous opportunity for Trumark to positively impact the growing demand for housing at approachable price points in the Bay Area and capitalize on this primary market poised for continued growth," said Gregg Nelson, Co-Founder and Principal of Trumark. "As the robust selling environment in the San Jose continues, we are confident that this new community will be met with great interest due to its highly desirable downtown location."
Trumark will break ground on the project at San Pedro Square in November 2017, with model homes slated to open in 2018. This acquisition adds to Trumark Homes' Bay Area portfolio, which includes actively selling communities Glass Bay in Newark, Perch in Downtown Dublin, and Fielding at Wallis Ranch in Dublin.
About Trumark Homes
Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com
SOURCE Trumark Homes