Trumark Homes and a unit of The Resmark Companies, Resmark Land and Housing, have recently acquired a nine-acre residential development project in Silicon Valley for roughly $18.5 million. Trumark Homes is expecting to start construction on the project, called "Contour", later this year.
The new neighborhood will provide a mix of 134 single-family detached homes and multifamily townhomes, and it will come up near the VTA Light Rail Station and the projected Milpitas BART Station. It will be linked to the Citywide Trail System by means of an internal pedestrian network connecting front doors to other amenities. The development site is situated close to local services as well as amenities such as The Great Mall.
The community will have 92 three-story attached multifamily townhomes and 42 three-story single-family detached homes. The proposed townhome floor plans range in size from 1,400 sq. ft. with 2-bed, 2-bath to 1,931 sq. ft. with 4-bed, 3.5-bath. There are six different floor plans available for townhomes. Two detached single-family home floor plans, ranging in size from 2,109 sq. ft. with 4-bed, 3.5 bath to 2,370 sq. ft. with 4-bed, 2.5-bath are also available for homeowners.
Trumark bought the Contour property from REIT Mission West Properties. The new generation homebuilder has teamed up with Resmark Land and Housing to develop the project. This is the fifth project in California for the Trumark and Resmark venture.
Trumark, which has nearly 2,000 units in the Bay Area, is currently marketing 34 townhomes known as Capitol Station in San Jose and is expecting to start construction on Centerplace on Capitol, 94 homes in The City of San Jose, in the coming months.
Source: http://www.trumark-co.com/