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Developers to Erect Condos on South Bay Large Parcel

MILPITAS, CA-The transaction clears the way for construction of luxury townhomes and condos near employment centers.

By David Phillips | Updated on October 01, 2013

MILPITAS, CA-The Hoffman Company has closed the largest unimproved residential land transaction to date in the South Bay area.

The sale of the 12.51 acre property by Warmington Residential to Toll Brothers clears the way for development of Traverse, a community of 98 townhomes and 108 condos in Milpitas. The project is expected to cost more than $100 million. Construction is scheduled to begin in mid-2014.

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