MILPITAS, CA—Continuing to prove that transit proximity is high on buyers' lists, the PACE development of 134 newly built homes is sold out. The homes are located at the northeast corner of Montague Expressway and Trade Zone Boulevard, a 10-minute walk from the future Milpitas BART station and connected to a citywide trail system. Trumark's Velocity at PACE and Momentum at PACE are situated near major regional employment centers and within the highly ranked Milpitas Unified School District.
Trumark Homes co-founder, Gregg Nelson, tells GlobeSt.com: “The Silicon Valley region continues to be a top market for us moving forward as supply continues to fall short of demand in the area. As we continue to grow our operations in Northern California, we are targeting sites similar to our PACE community that provide walkability, easy access to job centers, transit and other amenities that are top priorities for today's homebuyers.”
PACE includes two distinct communities–detached single-family homes at Velocity and townhomes at Momentum. Momentum consists of 43 single-family three-story homes ranging in size from 2,225 to 2,489 square feet and Velocity includes 91 single-family attached three-story townhomes ranging from 1,200 to 1,947 square feet. PACE offers a wide range of amenities for its owners including a tot lot with a fountain, a patio area with a fire pit, and two outdoor kitchens where residents can socialize with family and friends.
“This is a momentous occasion that speaks to the strength of the Silicon Valley market and quality of homes the Trumark Homes team created at PACE. As we expand, we're constantly striving to introduce innovative, high-value home offerings that resonate with the way that owners want to live,” said Nelson. “When we identified the site, we knew the Milpitas location presented a tremendous development and investment opportunity. Northern California continues to be one of the most highly sought-after housing markets and will continue to be a key region for Trumark Homes.”
Both communities feature enticing design amenities rarely found in such an approachable price range, including 10-foot ceilings, expansive windows and decks, and available bi-folding doors. Developed in partnership with Resmark Land and Housing, a division of The Resmark Companies, PACE is the fourth project in Trumark Homes' quickly expanding Silicon Valley portfolio.
“The success of PACE reflects Trumark's superior execution, which is a signature of every investment in which we have joint ventured with them,” said Robert N. Goodman, CEO and chairman, The Resmark Cos. “Resmark and Trumark enjoy a longstanding partnership and we look forward to continuing the relationship in the future.”
This news comes on the heels of Trumark Homes launching sales at Fielding, a neighborhood subdivision within the Wallis Ranch master planned community currently under development in Dublin, CA by sister company Trumark Communities. The community recently received recognition at the 2016 Building Industry Association Bay Area Excellence in Home Building Awards.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
MILPITAS, CA—Continuing to prove that transit proximity is high on buyers' lists, the PACE development of 134 newly built homes is sold out. The homes are located at the northeast corner of Montague Expressway and Trade Zone Boulevard, a 10-minute walk from the future Milpitas BART station and connected to a citywide trail system. Trumark's Velocity at PACE and Momentum at PACE are situated near major regional employment centers and within the highly ranked Milpitas Unified School District.
Trumark Homes co-founder, Gregg Nelson, tells GlobeSt.com: “The Silicon Valley region continues to be a top market for us moving forward as supply continues to fall short of demand in the area. As we continue to grow our operations in Northern California, we are targeting sites similar to our PACE community that provide walkability, easy access to job centers, transit and other amenities that are top priorities for today's homebuyers.”
PACE includes two distinct communities–detached single-family homes at Velocity and townhomes at Momentum. Momentum consists of 43 single-family three-story homes ranging in size from 2,225 to 2,489 square feet and Velocity includes 91 single-family attached three-story townhomes ranging from 1,200 to 1,947 square feet. PACE offers a wide range of amenities for its owners including a tot lot with a fountain, a patio area with a fire pit, and two outdoor kitchens where residents can socialize with family and friends.
“This is a momentous occasion that speaks to the strength of the Silicon Valley market and quality of homes the Trumark Homes team created at PACE. As we expand, we're constantly striving to introduce innovative, high-value home offerings that resonate with the way that owners want to live,” said Nelson. “When we identified the site, we knew the Milpitas location presented a tremendous development and investment opportunity. Northern California continues to be one of the most highly sought-after housing markets and will continue to be a key region for Trumark Homes.”
Both communities feature enticing design amenities rarely found in such an approachable price range, including 10-foot ceilings, expansive windows and decks, and available bi-folding doors. Developed in partnership with Resmark Land and Housing, a division of The Resmark Companies, PACE is the fourth project in Trumark Homes' quickly expanding Silicon Valley portfolio.
“The success of PACE reflects Trumark's superior execution, which is a signature of every investment in which we have joint ventured with them,” said Robert N. Goodman, CEO and chairman, The Resmark Cos. “Resmark and Trumark enjoy a longstanding partnership and we look forward to continuing the relationship in the future.”
This news comes on the heels of Trumark Homes launching sales at Fielding, a neighborhood subdivision within the Wallis Ranch master planned community currently under development in Dublin, CA by sister company Trumark Communities. The community recently received recognition at the 2016 Building Industry Association Bay Area Excellence in Home Building Awards.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
