CONCORD, CA—Sensing a need for more upscale housing near transit, a joint venture partnership of a suburban development is shovel ready. After acquiring the first phase of Renaissance Square which includes 134 luxury apartments, Legacy Partners and SyRES Properties will break ground on the second phase of Renaissance Square, adding 180 luxury rental residences.
“We saw an opportunity in the Concord market where new luxury rental housing was not being addressed,” said David Eichler, senior managing director of Legacy Partners, tells GlobeSt.com. “With new commercial and retail growth occurring and the nearby BART station, Legacy saw an opportunity to expand the housing supply.”
Indeed, Renaissance Square sits in a neighborhood rich with restaurants, shops and other entertainment options. And with the Concord BART station within walking distance, the location offers easy access throughout the Bay Area.
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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.
