Search
 

Essex Acquires 26.5 Acres, Plans 504-Unit Apartment Complex

RICHMOND, CA-Essex Property Trust Inc. has purchased 26.5 acres in the Hilltop neighborhood for $10.3 million. The Palo Alto-based REIT says it will immediately begin construction of 504 apartments units.

By Raymond Aguilera | Updated on October 24, 2000

RICHMOND, CA-Essex Property Trust Inc. has purchased 26.5 acres in the Hilltop neighborhood for $10.3 million. The Palo Alto-based REIT says it will immediately begin construction of 504 apartments units.

The first apartments are expected to hit the market in early 2002. The garden-style project is being completed in two phases. The first phase is slated to include 312 one- and two-bedroom units spread over 13 buildings. Units are expected to average 938 sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.