Trumark Homes Expands Southern California Portfolio with Introduction of Four New Communities
Next Generation Builder Announces Plans for 363 New Homes in Southern California
Newport Beach, Calif. (November 17, 2016) –Trumark Homes, the California-based homebuilding company setting the bar for a new generation of builders, is introducing four new residential communities in attractive suburban markets throughout Southern California totaling 363 new homes all in various stages of development. The introduction of these new home communities underscores the success Trumark Homes has experienced in the region, including their recently closed out SL70 community in Silver Lake, Los Angeles.
“Trumark Homes is continuing to build on the momentum that we’ve created over the last year by targeting sites across the Southland where we can deliver homes catering to a range of price points and diverse demographics, close to job centers,” said Eric Nelson, Vice President of Community Development at Trumark Homes. “There is a rising need for entry-level home products in key Southern California markets, including the Inland Empire. We are committed to helping close the supply and demand gap while contributing to the resurgence of markets like Santa Ana that are experiencing a real transformation.”
Highlights of each new community include:
- Upcoast in Costa Mesa—This signature Trumark Homes community includes 28 three-story detached homes spanning a two-acre bluff, one mile up from the coast. To capitalize on the coastal setting and indoor/outdoor lifestyle, a majority of the homes feature a rooftop terrace. Additional community features include convenient access to a system of local walking paths leading to a nearby beach, as well as a system of local trails. Sales of homes began in June 2016, and to-date over half of the community is sold out. With homes ranging from 1,900 square feet to 2,300 square feet, Upcoast was recently named “Detached Community of the Year Priced under $1.5 Million” at the 2016 SoCal Awards presented by the Greater Sales & Marketing Council and Building Industry Association of Southern California.
- Tribella in Santa Ana—The eight-acre Tribella site is part of Santa Ana’s Harbor City Place plan and has offered Trumark Homes an opportunity to develop a unique mixed-use development that includes a blend of street-facing commercial spaces with mixed-use townhomes and single family detached homes nestled within a gated community. With the majority of the existing homes in the area dating back to the 1950s, Tribella introduced 110 new construction homes in September to a market where young families are attracted to the top-rated Garden Grove public school system.
- Bristol in Chino Hills— The 31-acre Bristol site is located within the bounds of the Chino Hills General Plan, a greater city effort aimed to bring new housing, retail and commercial spaces to the area. The neighborhood will include 42 attached townhomes and 107 detached single-family homes inclusive of two- and three-story floorplans, ranging in size from 1,835 square feet for townhomes and up to 2,930 square feet for single-family homes. Community features include a five-acre walking trail, oversized landscaped walkways and easy freeway access. These new homes will be located within walking distance to restaurants and stores in the city’s masterplan. Groundbreaking took place in August 2016, with sales expected to commence in early 2017.
- Founders in Chino Hills— A 76-home community situated amongst prominent residential neighborhoods in northwest Chino Hills, Founders will present duet homes including predominant detached home elements featuring traditional orientation to private streets, two car garages with driveways, backyards, and private living space without common walls. The homes will feature four and five bedroom designs with the larger plan offering a bedroom option on the first floor. The development is slated to break ground in spring 2017.
The $5.5 million acquisition of Upcoast in Costa Mesa and the $16.4 million acquisition of Tribella in Santa Ana were completed in partnership with Tri Pacific Capital Advisors.
About Trumark Homes
Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com