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.
“Concord has many attributes that are attractive for Bay Area residents,” said Glen Ceridono, senior vice president of SyRES Properties. “With walkable access to both the urban atmosphere of downtown Concord and the nearby BART station, Renaissance Square provides residents with the best of both worlds.”
Renaissance Square phase one provides its residents with amenities such as community room with kitchen, conference room, fitness center, pool and spa with outdoor lounge and grilling areas. The second phase will share these amenities and add a new leasing office, clubhouse, wine bar and demonstration kitchen. The architects on the projects are Danielian Associates and Architects Orange. The general contractor is Johnstone Moyer Inc.
“We believe Renaissance Square sets the bar for luxury apartment living in Concord,” said Eichler. “The additional development of 180 new luxury rentals at Renaissance Square speaks to the appetite of residents seeking amenity-rich accommodations situated in a transportation-oriented environment.”
Legacy Partners is a privately owned national real estate firm and SyRES Properties is a real estate investment management firm.
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.
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.
“Concord has many attributes that are attractive for Bay Area residents,” said Glen Ceridono, senior vice president of SyRES Properties. “With walkable access to both the urban atmosphere of downtown Concord and the nearby BART station, Renaissance Square provides residents with the best of both worlds.”
Renaissance Square phase one provides its residents with amenities such as community room with kitchen, conference room, fitness center, pool and spa with outdoor lounge and grilling areas. The second phase will share these amenities and add a new leasing office, clubhouse, wine bar and demonstration kitchen. The architects on the projects are Danielian Associates and Architects Orange. The general contractor is Johnstone Moyer Inc.
“We believe Renaissance Square sets the bar for luxury apartment living in Concord,” said Eichler. “The additional development of 180 new luxury rentals at Renaissance Square speaks to the appetite of residents seeking amenity-rich accommodations situated in a transportation-oriented environment.”
Legacy Partners is a privately owned national real estate firm and SyRES Properties is a real estate investment management firm.
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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
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.
