TRUMARK HOMES PUTS BAY AREA MODELS ON THE MARKET

Glass Bay community in Newark is 90% sold out in one year.

Trumark Homes said Friday it was releasing for sale its Saltcreek and Seagrass model homes at its Glass Bay community in Newark, California., which is 90% sold out.

New homes within neighborhood Saltcreek at Trumark Homes’ Newark-based community, Glass Bay. (PRNewsfoto/Trumark Homes)
Hand-outNew homes within neighborhood Saltcreek at Trumark Homes’ Newark-based community, Glass Bay. (PRNewsfoto/Trumark Homes)

“The sales velocity we’ve experienced to date at Glass Bay underscores the continued demand for housing in the Bay Area,” said Tony Bosowski, Division President, Northern California. “It’s remarkable because we began selling homes from a dirt lot prior to our sales office opening and long before buyers could even tour the model homes. From that point forward, we knew that these homes would not last on the market for long.”

Glass Bay consists of three distinct neighborhoods surrounding a central park, including: Saltcreek comprised of two- and three-story homes with three to five bedrooms; Boardwalk with three-story, four-bedroom homes; and Seagrass, featuring two-story homes with four to five bedrooms. Homes range from 1,829 to 2,420 square feet and all boast 10-foot ceilings on all main living floors. Prices started in the low $900,000s.

August 17, 2018

Trumark Homes Releases For Sale 5 Model Homes At Glass Bay Community In Newark On Heels Of Reaching Over 90 Percent Sold

SAN RAMON, Calif., Aug. 16, 2018 – Trumark Homes, the national award-winning California homebuilder, announced today the release for sale of the Saltcreek and Seagrass model homes at its Glass Bay community in Newark, CA. In just one year, Trumark has already achieved an impressive sales milestone of more than 90 percent or almost 200 of the homes sold, including a full sellout at one of its neighborhoods, Boardwalk. Featuring three distinct neighborhoods, Glass Bay introduces 217 new single-family detached homes to the Tri-City area. This marks Trumark Homes’ second residential community in Newark having reached a sellout of the 164 homes at its Timber community in late 2016.

“The sales velocity we’ve experienced to date at Glass Bay underscores the continued demand for housing in the Bay Area,” said Tony Bosowski, Division President, Northern California. “It’s remarkable because we began selling homes from a dirt lot prior to our sales office opening and long before buyers could even tour the model homes. From that point forward, we knew that these homes would not last on the market for long.”

Glass Bay consists of three distinct neighborhoods surrounding a central park, including: Saltcreek comprised of two- and three-story homes with three to five bedrooms; Boardwalk with three-story, four-bedroom homes; and Seagrass, featuring two-story homes with four to five bedrooms. Homes range from 1,829 to 2,420 square feet and all boast 10-foot ceilings on all main living floors. Prices started in the low $900,000s.

“Our buyers have run the gamut from Silicon Valley professionals to first-time homebuyers and everyone in between,” said Tony Bosowski. “We have welcomed 80 families to Glass Bay and are proud to introduce the new homeowners to the caliber of home crafted in every Trumark community.”

Located at the intersection of Willow Street and Enterprise Drive in Newark, Glass Bay provides convenient access to public transportation, schools, such as the University of Phoenix, Decry, ITT Tech, and Ohlone College, parks, sports facilities and shopping.

About Trumark Homes

Recently named the 3rd fastest growing private builder nationwide and celebrating its 30th anniversary in 2018, 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

August 16, 2018

More Condo Towers Selling Out As Deliveries Continue To Diminish

August 14, 2018

Julie Littman

The number of unsold new condominiums is decreasing in San Francisco as units sell and fewer condos deliver this year. As of July, there are 584 new condos on the market, a 31.9% decrease from the previous year, according to data from Polaris Pacific.

Unsplash/Gordon Mak

Unsplash/Gordon Mak Comparatively, condo deliveries peaked in 2008 with just over 2,000 units delivered. Low supply has helped increase condo prices and price per square foot increased in the low and mid-single digits for low-rise, mid-rise and high-rise buildings in July, according to Polaris Pacific.

Condo deliveries declined during the recession and have not come close to pre-recession levels, especially as developers and lenders switched their focuses toward rentals. Apartment unit deliveries ratcheted up in 2013, when developers began delivering about 2,500 units. In 2017, over 2,700 units were delivered in San Francisco, according to Polaris Pacific.

With fewer condos available, prices have risen since the start of the recovery and condos are spending less time on the market. Condos averaged about 23 days on the market during the second quarter and average condo prices increased 11.8% during the second quarter to $1.2M. Polaris Pacific estimates about 2.2 months of remaining inventory on the market, a 6.8% decrease from the previous year. In a balanced market, there is usually six months of supply.

More supply is expected with 1,764 new condos under construction, including 120 units from One Steuart Lane, which broke ground in July. Another 118 units are under construction at Related California’s The Avery, which began selling units in July. Grosvenor Americas also broke ground on a 44-unit Nob Hill condo project in July, becoming the last major residential project under construction in the area. Over 7,000 condos are entitled, according to Polaris Pacific. Check out the latest sales activity from some of the most talked about condo projects:

The Pacific

Photo by www.scotthargisphoto.com/Courtesy of Trumark Urban Trumark Urban’s The Pacific in San Francisco

Trumark Urban’s The Pacific in San Francisco Trumark Urban’s The Pacific, designed by Handel Architects with interiors by Glenn Rescalvo, sold out in July, two years after it launched sales for the 76 residences. Sales garnered over $300M, including its final grand penthouse, which was listed for about $13.75M. Marketing and sales were led by Polaris Pacific and the developer used virtual reality to showcase residential units and its penthouses. The developer also sold out its 91-unit condo complex in Dogpatch late last year.

The Pacific, which is at 2121 Webster St., was one of the first newly constructed residential developments in Pacific Heights in decades. Amenities include private vehicle valet, full-service concierge, a private observatory and a private guest room.

181 Fremont

Courtesy of Jay Paul Co. A rendering of the living room at 181 Fremont’s penthouse

Jay Paul Co.’s 181 Fremont, which is being marketed by The Mark Co., sold a penthouse for $15M ($4,509/SF) — the most expensive penthouse sale by square foot in San Francisco. The half-floor penthouse has three bedrooms and two-and-a-half baths within 3,326 SF. It opened in May and move-ins are underway.

The mixed-use tower also has a full-floor penthouse priced at $42M on the market. The condos sit on the top floors of the 802-foot tower above 436K SF of office, which was previously leased to Facebook’s Instagram. The current list price for units starts at $3.4M, according to recent data from The Mark Co.

Amenities on the Sky Lounge include an observation terrace, fitness and yoga room, conference room and bar and catering kitchen. Heller Manus designed the building while Hornberger + Worstell designed the residential units with interiors by Orlando Diaz-Azcuy.

Lumina

Courtesy of Steelblue

Tishman Speyer’s Lumina in San Francisco Tishman Speyer’s Lumina, designed by Arquitectonica, is close to selling out with about six units available as of August.  As of February, the 656-unit condo tower had 28 units left. Current list prices are about $1.5M to $7M, which breaks down to $1,429/SF, according to data from The Mark Co.

Some of the amenities of note are a music room, a 70-foot lap pool, a climbing wall, access to Audi car-sharing, a pet grooming station and a rooftop terrace. Lumina, which is being marketed by Polaris Pacific, is the largest condo tower actively selling units. Its ground-floor retail is anchored by Woodlands Market.

One Mission Bay

Rendering by Steelblue / Courtesy of CIM Group One Mission Bay

CIM Group’s One Mission Bay, which was designed by Arquitectonica with interiors by II By IV Design, has sold 85% of its 350 units as of August, according to the condo’s website. In February, it had sold about 75% of the units. Listing prices are about $900K to over $3M ($1,300/SF), according to The Mark Co.

Amenities include an outdoor heated pool with poolside cabanas, a fitness center designed by celebrity trainer and nutritionist Harley Pasternak, private meeting rooms and library and dining center. Ground-floor retailers include Wine Merchant and LagreeFit 415.

The Harrison

Photography by Douglas Friedman / Courtesy of Ken Fulk and Maximus Real Estate Partners The private lounge, Uncle Harry’s at The Harrison in San Francisco

Maximus Real Estate Partners has sold 187 units at The Harrison as of July, selling about seven units per month, according to Polaris Pacific. The starting price is about $825K ($1,031/SF) at the 299-unit condo development with interiors by Ken Fulk. Amenities include a private top-floor lounge, a 2,500 SF fitness center and concierge service. Compass Development is marketing and selling units.

August 14, 2018

What’s Hot in 55+ Housing: Wellness, Rentals and Showers, Oh My!

The newer generation of 55+ buyers are looking for more amenity-driven communities.

Broadway-quality shows. A world-class tennis center. A lavish 33,000-square-foot clubhouse.

These are just a few of the amenities available to Baby Boomers at Valencia Bay, a 55+ community in Boynton Beach, Fla.

The project—one of many developed by Sunrise, Fla.-based GL Homes under the brand name “Valencia”—is designed for buyers over the age of 55, a demographic that’s more healthy, active and affluent than prior generations of older Americans. Just like the Baby Boomer generation’s influence led to the rise of the suburbs, feminism and even the popularity of blue jeans, they are now influencing housing as more move into 55+ communities in search of a simpler, yet amenity-rich, lifestyle.

According to the National Association of Home Builders, there will be about 56.9 million 55+ households in the United States by 2024, up from 49.2 million in 2015. These households are an important part of the housing market, and builders are keenly attuned to their needs and demands.

“Twenty years ago, the average age in one of our communities would be about 71, but now it’s trending into the younger 60s,” says Jill DiDonna, senior vice president at GL Homes. “That’s influencing the composition of the amenity and lifestyle plans.”

Boomer preferences are even influencing the type of entertainment GL Homes offers in its clubhouses. “We used to bring in acts like a Temptations cover band,” DiDonna says. “Now we’re hearing that they want Journey and an Eagles cover band.”

Builders active in the 55+ space report that they’re seeing the following new trends in both new-home design and community amenities:

Indoor-Outdoor Space

Reflecting the fact that 55+ residents are younger and healthier than their predecessors, builders say that buyers want home designs with more extensive outdoor-living opportunities. “It’s no longer just a dining table and a fireplace, but it’s now really getting into the interaction between indoor and outdoor,” says Karl K. Mistry, a group president at Horsham, Pa.-based Toll Brothers Inc., which builds 55+ homes in 12 states.

Mistry says Toll’s active-adult homes offer wall systems that open up the back of the house, as well as complete outdoor kitchens and exterior water features. “Our buyers are really investing outside the house,” Mistry said.

Community amenities are also reflecting this trend. At Trilogy in Summerlin, a 55+ community in Nevada by Shea Homes that’s set to open in 2019, the club will include about 9,600 square feet of indoor space along with an additional 2,100 square feet of covered outdoor areas, including an indoor-outdoor living room and a sports and game lounge with a covered patio. The community also has extensive exterior amenities, including a dog park, Zen garden, event lawn for activities and concerts, pool and pickleball and bocce courts.

Emphasis on Wellness

Since Baby Boomers are focused on their health, wellness and well-being, builders are responding by including amenities that help them enjoy life and live it well.

San Ramon, Calif.-based Trumark Communities recently announced the launch of TruLiving, a new-home community model that will integrate fitness, entertainment, connectivity and well-being by offering activities ranging from community volunteer opportunities and cultural trips to cooking and music classes, fitness and outdoor amenities and technology that allows residents to view social-event calendars, schedule an exercise class and more. The first TruLiving community, in Manteca, Calif., will include 490 single-family detached homes. Sales are slated to begin in 2019.

Food and cooking is related to wellness—and another area of interest to Boomers, as builders report a new focus on cuisine. Toll’s Mistry says that’s influencing the programming at its 55+ communities as well as how the clubhouses are designed. “We can do chef demonstrations in some of our clubhouses, and there are wine-making classes,” he says. “There’s a lot more conversation around food.”

Apartment Living

A growing number of Boomers are opting to rent, rather than buy, their next home. Multifamily developer Alliance Residential Co. recently announced the groundbreaking of Marvelle at Southcenter, an apartment community in the Seattle metro area that was designed exclusively for residents age 55 and up.

“We saw the launch of Marvelle as an opportunity to exclusively address the 55-plus apartment segment through affordable, high-end living options, thoughtful amenities, specialized programming, à la carte services, rich social experiences and prime micro-locations near premier retail and entertainment,” says Jay Hiemenz, president of Alliance. “Marvelle will set the standard for Baby Boomers looking to downsize and avoid the maintenance hassles associated with homeownership, while also offering specific lifestyle programs and services designed for active adults who don’t need the higher service levels associated with senior and assisted living communities.”

Another example of a rental community—an infill project built near shopping—is Azulón at Mesa Verde, in Costa Mesa, Calif. The 215 units, in three- and four-story buildings, were designed around three courtyards, one with a direct connection to shopping next door. “The top amenity for anyone in this age group is proximity to grocery stores, restaurants and entertainment,” says Manny Gonzalez, managing principal of Los Angeles-based KTGY Architecture + Planning, which designed Azulón, a project that rented up in nine months, twice as quickly as expected. “The amenities in the community are nice, but it’s the ability to walk out the back door and be at the grocery store and CVS that is the big draw.”

Kiss the Bathtub Goodbye 

You know those giant soaking tubs found in the master bathrooms of many new homes today? Builders now know that most aren’t being used. So they’re eliminating that feature and instead designing luxurious and spacious showers into their master-bedroom suites, often with seating and multiple showerheads.

Branded Communities

Lifestyle brand Margaritaville and developer Minto Communities have joined forces to develop Latitude Margaritaville, a portfolio of 55+ communities intended to appeal to fans of Jimmy Buffett. The communities have resort-style pools, fitness activities, game and hobby rooms, arts and learning programs, live entertainment, signature Margaritaville food and beverage concepts and more. The first community, in Daytona Beach, Fla., is now open, and another location in Hilton Head, S.C. is under development.

Robyn A. Friedman is an award-winning freelance writer and copywriter who has been covering the real estate and housing industries for over two decades. She has published more than 1,000 articles in print and online in publications such as the Wall Street Journal, The Robb Report, the New York Post, Realtor.com, Florida Realtor, Business Week Online, Bankrate.com and the Chicago Tribune.
August 13, 2018

TRUMARK OPENS FOR SALES AT ANAHEIM TOWNHOME COMMUNITY

Lewis + Mason is situated in the heart of the city’s Platinum Triangle.

Trumark Homes has opened for sales at its new Lewis + Mason townhome community in the heart of Anaheim’s Platinum Triangle. After acquiring the 7.7-acre site in May 2017, Trumark began demolition of the previous industrial buildings in August 2017 and will debut four models in September 2018.

Featuring two distinct product types, Lewis + Mason offers an interwoven suburban community in the middle of an energetic urban setting. Comprised of 153 total homes, with 95 homes in the Lewis complex and 58 in the Mason complex, the community offers three-story townhomes ranging from two to four bedrooms. Prices range from the high $500,000s to the low $700,000s.

 (PRNewsfoto/Trumark Homes)
Hand-out(PRNewsfoto/Trumark Homes)

“We are thrilled to introduce this for-sale residential product in the transit-oriented and entertainment-laden Platinum Triangle,” said Richard Douglass, division president, Southern California. “As today’s first-time home buyers desire a blend of suburban space and urban amenities, Lewis + Mason delivers an exciting sense of community and place that meets the modern buyer’s demand.”

The Mason residences range from 1,858 square feet to 2,185 square feet and feature rooftop decks, creating the perfect opportunity for a third-story outdoor backyard complete a barbecue and grassy area that may serve as a dedicated dog run or play area for children. The Lewis residences range in size from 1,554 square feet to 1,772 square feet with some homes offering private balconies. All homes feature premium GE stainless steel appliances and quartz countertops in kitchens, luxurious master suites and impressive interior details. In addition to a community pool and walking path, Lewis + Mason will also provide convenient access to the Anaheim Regional Transportation Intermodal Center (ARTIC) and nearby attractions like the Honda Center, Angel Stadium and Disneyland.

“In the midst of a market heavily saturated with apartments, our goal at Trumark was to introduce a long-term housing product to the next generation of home buyers right within the lively Platinum Triangle,” said Douglass. “As nearby transportation continues to be a driving decision factor among buyers, this community offers prime access to local dining and entertainment venues, all accessible by foot, bike or a short drive.”

August 9, 2018

Trumark Homes Launches Sales At New Lewis + Mason Townhome Community In Anaheim, California

New Homes Now Selling in Anaheim’s Vibrant Platinum Triangle

NEWPORT BEACH, Calif., Aug. 9, 2018 – Trumark Homes, the award-winning California homebuilder, has announced the launch of sales at its new Lewis + Mason townhome community in the heart of Anaheim’s bustling Platinum Triangle. After acquiring the 7.7-acre site in May 2017, Trumark began demolition of the previous industrial buildings in August 2017 and will debut four models in September 2018.

Featuring two distinct product types, Lewis + Mason offers an interwoven suburban community in the middle of an energetic urban setting. Comprised of 153 total homes, with 95 homes in the Lewis complex and 58 in the Mason complex, the community offers three-story townhomes ranging from two to four bedrooms. Prices range from the high $500,000s to the low $700,000s.

“We are thrilled to introduce this for-sale residential product in the transit-oriented and entertainment-laden Platinum Triangle,” said Richard Douglass, Division President, Southern California. “As today’s first-time homebuyers desire a blend of suburban space and urban amenities, Lewis + Mason delivers an exciting sense of community and place that meets the modern buyer’s demand.”

The Mason residences range from 1,858 square feet to 2,185 square feet and feature rooftop decks, creating the perfect opportunity for a third-story outdoor backyard complete a barbecue and grassy area that may serve as a dedicated dog run or play area for children. The Lewis residences range in size from 1,554 square feet to 1,772 square feet with some homes offering private balconies. All homes feature premium GE stainless steel appliances and quartz countertops in kitchens, luxurious master suites and impressive interior details. In addition to a community pool and walking path, Lewis + Mason will also provide convenient access to the Anaheim Regional Transportation Intermodal Center (ARTIC) and nearby attractions like the Honda Center, Angel Stadium and Disneyland.

“In the midst of a market heavily saturated with apartments, our goal at Trumark was to introduce a long-term housing product to the next generation of homebuyers right within the lively Platinum Triangle,” said Richard Douglass, Division President, Southern California at Trumark Homes. “As nearby transportation continues to be a driving decision factor among buyers, this community offers prime access to local dining and entertainment venues, all accessible by foot, bike or a short drive.”

Lewis + Mason is located at 1700 S Lewis Street, Anaheim, CA 92805. Visit our sales office today for more information, visit LewisandMason.com or call 657-222-0110. Models coming September 2018.

Top 25 East Bay Construction Projects in 2018

Ranked by Construction cost

Locally Researched by: Julia Cooper, San Francisco Business Times 

SF Business Times ranks the top 25 East Bay Construction Projects in 2018, based on construction cost.

1 Wallis Ranch
4201 Wallis Ranch Dr.
Dublin 94568
$425.00 million   1 806-home master-planned community, divided into eight neighborhoods 11/14 2020 Trumark Communities, Isles Ranch Partners, Castlelake LP   2 KTGY Architects, Dahlin Group
2 City Center Bishop Ranch
6000 Bollinger Canyon Rd.
San Ramon 94583
$300.00 million 300,000 square feet of downtown retail, dining and entertainment, anchored by THE LOT, a 10-screen cinema and dining destination, and Equinox, a fitness, training and yoga center 2/17 11/18 Sunset Development Co. Renzo Piano Building Workshop, BAR Architects
3 The Skyline at Temescal
3883 Turquoise Way
Oakland 94609
$265.00 million 402-unit apartment tower, 13,000 square feet of retail, 230 parking spaces in an above-ground garage 5/18 Q2 2020 Boston Properties Solomon Cordwell Buenz
4 Morris Hyman Critical Care Pavilion
2000 Mowry Ave.
Fremont 94538
$240.00 million 240,000-square-foot hospital with 116 new beds 1/15 12/18 Washington Hospital Healthcare System Ratcliff
5 Kaiser Dublin Medical Office Building, Cancer Center
3100 Dublin Blvd.
Dublin 94568
$153.50 million Special medical office building (SMOB) with advanced medical, ambulatory surgery, urgent care and other specialty medical clinics 11/16 12/18 Kaiser Foundation SmithGroupJJR
6 Botanica
518 Mandevilla Dr.
Brentwood 94513
$140.00 million   3 296 single-family homes within the Palmilla Master Planned Community 4/15 Q1 2019 PulteGroup Inc. NA
7 1640 Broadway
1640 Broadway
Oakland 94612
$137.40 million 33-story, 254-unit residential tower 3/17 5/19 Lennar Multifamily Communities Solomon Cordwell Buenz
8 601 City Center
601 12th St.
Oakland 94612
$130.00 million 24-story office tower with below-grade parking 5/17 Q4 2019 Shorenstein Realty Services KSH Architects
8 Jack London Square Parcel F2
40 Harrison St.
Oakland 94611
$130.00 million 8-story residential development with 333 apartments and ground-floor retail 3/18 1/20 CIM Group Solomon Cordwell Buenz
10 MacArthur Station
539-540 39th St.
Oakland 94609
$129.34 million 90,000-square-foot mixed-use residential building with 379 market-rate apartments 11/16 4/19 Hines Ankrom Moisan Architects Inc.
11 Ohlone College Academic Core Buildings
43600 Mission Blvd.
Fremont 94539
$126.08 million Three new buildings totaling 188,000 square feet including classrooms, labs, offices, conference rooms and a library 5/16 9/18 Ohlone Community College District CannonDesign, Anderson Brule Architects
12 Viamonte
2801 Shadelands Dr.
Walnut Creek 94598
$125.00 million 4-story, 191-unit continuing care retirement community with a mix of independent living, assisted living and memory care units 5/18 3/20 Viamonte Senior Living HKIT Architects
13 Locale @ State Street
State Street and Capitol Avenue
Fremont 94538
$122.00 million 157 units and 21,000 square feet of retail in mixed-use building   4 6/16 7/19 TMG Partners, Sares Regis, SummerHill Homes KTGY
14 1700 Webster
1700 Webster St.
Oakland 94612
$105.50 million 23-story tower with 206 apartments, three levels of parking 1/17 12/18 Gerding Edlen Perkins+Will
15 The Broadway Apartments
3093 Broadway
Oakland 94611
$103.37 million 423 apartments, 20,287 square feet of retail/office, 627 parking stalls 8/16 12/18 Blackstone Group, CityView; The Martin Group Van Tilburg, Banvard & Soderbergh
16 Boehringer Ingelheim Fremont Operations Expansion
6701 Kaiser Dr.
Fremont 94555
$102.00 million 75,000 square feet of advanced biologics manufacturing facilities, including a new warehouse and office space 7/17 NR   5 Boehringer Ingelheim Jacobs Engineering, DGA
17 San Leandro Business Center
100 Halcyon Dr.
San Leandro 94578
$100.00 million   6 553,200-square-foot, three-building industrial center for high-tech manufacturing, assembly and distribution 10/17 12/18 Principal Real Estate Investors, Trammell Crow Co. HPA Inc.
18 1100 Clay
1100 Clay St.
Oakland 94607
$99.00 million 16-story mixed-use development with 288 apartments, commercial/retail space and attached public plaza 3/18 1/20 CIM Group HKS Architects
19 Contra Costa County Administration Building & Emergency Operations Center
1025 Escobar St. and 50 Glacier Dr.
Martinez 94553
$95.00 million 4-story, 71,000-square-foot county administration building and 2-story, 38,000-square-foot Emergency Operations Center and Public Safety Building 5/18 3/20 Contra Costa County Fentress Architects, Dreyfuss + Blackford Architecture
19 Oakland Global Logistics Center
55 Admiral Toney Way
Oakland 94607
$95.00 million   3 Three Class A buildings totaling 687,000 square feet 10/16 5/20 Prologis NA
21 Orion
845 Embarcadero
Oakland 94606
$94.00 million 241-unit mixed-use development with 4,000 square feet of retail, part of first phase of Brooklyn Basin development 4/17 5/19 250 Ninth Avenue Partners/Signature Development Group BAR Architects
22 Station at Webster Apartments
301 12th St.
Oakland 94607
$92.54 million 333 apartments, 24,734 square feet of retail, 272 parking stalls 4/18 10/20 The Martin Group BDE Architecture
23 Alexan Webster
2330 Webster St.
Oakland 94612
$92.50 million 7-story, 234-unit residential building with street level retail and city-operated parking garage 7/17 7/19 Trammel Crow Residential KTGY
24 Station House
1818 14th St.
Oakland 94607
$85.00 million 171 for-sale townhomes 10/15 11/18 City Ventures Homebuilding Baran Studio Architecture, Hunt Hale Jones Architects
25 Integrative Genomics Building (IGB)
1 Cyclotron Rd.
Berkeley 94720
$80.60 million 4-story, 79,000-square-foot laboratory research and office building including Modular Utility Plant 11/16 Winter 2018 Lawrence Berkeley National Laboratory SmithGroupJJR
August 3, 2018

Profiling the 2018 Gold Nugget Winners

These projects achieved high art in architecture, design, and land use

by Patrick Duffy

One of the things I like best about the building industry is the enormous creativity involved in every stage of the process, especially for decisions made about architecture, design, and land use. This was certainly true again for this year’s Gold Nugget winners at PCBC, ranging from rehabs which are both practical and inspiring, to master plans which seemed to effortlessly take the pulse of today’s culture while still making them relevant to future residents. Following are some profiles of winners in key categories.

There were actually two winners for Best Masterplan Community, divided among urban and suburban locations. In Honolulu, Ward Village by Howard Hughes Corp. reimagined a 60-acre parcel once known for heavy industry and commercial fishing into the largest certified LEED-ND Platinum (Neighborhood Development) project of its kind in the U.S.

In between the downtown area and the 30- acre Kewalo Harbor, 4,500 residential units, over one million square feet of retail space, a central plaza, and a rail station will emerge. Best of all, by including scores of existing businesses in this redevelopment, Ward Village demonstrated clear respect for the local culture and history.

Yet it was Rancho Mission Viejo’s Esencia in Southern California which took multiple awards for not just Best Masterplan, but also Best Community Land Plan and Best Recreational Use Facility. The challenge here was how to best respect the terrain and ranching history of this 890-acre plan while still being able to develop nearly 2,750 homes, 60 acres of retail space, and over 16 ranch-themed gathering places, clubhouses, and a Nature Center.

But the true selling point for Escenia was its integration into the 17,000 acres of an open space preserve, which will eventually become part of the 33,000-acre Southern Subregion Habitat Reserve, one of California’s largest. The land plan itself was noted for retaining ranch elements including a yurt campground, oak groves, hillside trails, and farming, all of which are intended to inspire future generations to respect the land.

In nearby Newport Coast, The New Home Company took top honors for Best Residential Detached Collection with Coral Canyon, an exclusive enclave of 27 homes offering canyon views with a resort feel. Reportedly inspired by the easy pace of life on the Spanish island Ibiza, judges cited the way in which each home effortlessly blended into the next, creating a cohesive and memorable street scene characterized by neutral colors, bright interiors, and flat roofs on all single-story elements.

For an individual, single-family home, it was Plan 9502 at Camelot Homes’ White Horse in Scottsdale, AZ which was named Home of the Year. In this case, judges cited the way in which this plan updates the classic hacienda footprint into a modern feel, with numerous indoor-outdoor spaces to take advantage of the local climate. By orienting each of the 50 homes towards its center, the compounds created on these half-acre lots helped to mitigate noise from an adjacent six-lane highway. The end result was a traditional-looking home outside that was more white-washed farmhouse inside, ultimately creating an unusually unique plan which judges noted “would set a future precedent for the evolution of production housing.”

Clever designs also abounded in the multi-family space, with Trumark Urban’s The Pacific winning Best Multi-Family Community due to what judges said was “transforming what was a detractor and neighborhood eyesore to an exemplary display of positive change.” Trumark transformed a mid-rise, 1960s-style school of dentistry in the middle of the upscale, built-out community of Pacific Heights in San Francisco into 76 LEED Gold-certified luxury condos and townhomes.

They did this by breaking up the previous Brutalist exterior with a modern take on the classic bay window, repurposing a mechanical building on the roof into four penthouses with terraces, and masking the adjacent parking structure with ten three-story townhomes. This lower elevation helped better tie the entire project into the lower-density neighborhood, while also improving the overall streetscape.

Finally, it was The Camden’s combination of 287 upscale apartments, a 40,000-square-foot Equinox health club, and multiple gathering spaces to maximize socializing that earned this project by Camden Development top honors for Best Mixed-Use Project. Built on the site of Paramount Pictures’ first production building in the heart of Hollywood, CA, The Camden not only captures this entertainment-oriented history on a public art wall at the base of each tower, but intentionally markets its units to the young and local ‘industry’ types as not just a home, but also a very convenient place to network.

August 1, 2018

The Pacific In San Francisco Reaches Complete Sell Out; Trumark Urban Closes More Than $300MM In Sales In 24 Months

Trumark Urban, The Pacific, Handel Architects, Pacific Heights, Fillmore Street, San Francisco, Trumark Communities, Trumark Home
The Pacific in Pacific Heights; Photo Credit: Scott Hargis Photography

Stunning architecture, advanced virtual reality technology and unmatched location drive record-breaking prices and swift sell-out

SAN FRANCISCO, (July 26, 2018) – Trumark Urban has announced the complete sellout of the collection of 76 residences located at The Pacific, located in San Francisco’s prestigious Pacific Heights neighborhood.

“It is incredibly fulfilling to reach this milestone and to see this breathtaking building come to life with new homeowners, families and activity after years of hard work by the Trumark Urban team and our many partners,” said Gregg Nelson, Principal and Co-Founder of Trumark Urban. “We set out to raise the bar with The Pacific, and I truly believe we achieved that through a focus on design, meticulous interiors, groundbreaking technology and an ongoing commitment to be a great neighbor within the Pacific Heights community.”

An adaptive reuse development designed by Handel Architects, The Pacific is the first large-scale newly constructed, residential development in Pacific Heights in decades. Nestled next door to Fillmore Street, the location is second to none channeling a cosmopolitan oasis near parks and quiet streets with the urban conveniences of high-end retail, Michelin-star restaurants and activities. The Pacific has drawn inspiration from the lasting residences found mainly in neighborhoods of London and Paris, marrying this with a modern interior aesthetic. The exterior architecture plays off of the neighborhood, a modern interpretation of classic Victorians’ bay windows.

Beyond the mold-shattering architecture and bespoke interior design by Glenn Rescalvo at Handel Architects, the collaboration with Jay Jeffers and Jeff Schlarb on model residences, the intimate art installation from Helen Amy Murray and the collection of five-star service and amenities, the most significant asset this building has is the address itself.

The Pacific offers a full range of amenities including private vehicle valet, full service concierge, lobby attendant, a private Observatory Lounge overlooking the Bay and Golden Gate Bridge, a private guest residence called “The Fillmore” and a world class fitness center.

The Pacific is located at 2121 Webster Street, San Francisco CA 94115. For more information, visit thepacificheights.com.

About The Trumark Group of Companies
Trumark Urban develops high-density condominiums and mixed-use projects in global gateway markets with a focus on core urban neighborhoods close to jobs, transit and local businesses. With offices in San Francisco and Los Angeles, the firm has built or entitled a portfolio of more than 1,000 condominiums and over one million square feet representing more than $1.3 billion of revenue. www.trumarkurban.com

The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development. Across the spectrum of projects, Trumark seeks to enhance the lives of people by creating inspiring living and working environments. www.trumarkco.com

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.

Trumark Communities is a residential land development platform focused on acquiring, developing and selling improved lots in master planned communities. The Communities division includes the recently launched TruLiving brand focused on the burgeoning age group of 55+. www.trumarkcommunities.com.

July 27, 2018

Exclusive: The Pacific, ultra-luxe Pacific Heights condo project, sells out raking in more than $300 million

By   – Reporter, San Francisco Business Times

One of San Francisco’s most expensive condo projects ever is now sold out. Buyers snapped up all 76 homes in Trumark Urban’s The Pacific with prices ranging from $1.45 million up to nearly $16 million.

While numerous condo projects have hit the market in recent years in San Francisco, The Pacific was the first in the current real estate cycle to target even higher price points than the typical luxury condo.

The development, a former dental school transformed into housing, was the only new large housing project built in Pacific Heights, one of San Francisco’s priciest neighborhoods.

“We set out to raise the bar with The Pacific,” said Gregg Nelson, principal and co-founder of Trumark Urban. “We achieved that through a focus on design, meticulous interiors, groundbreaking technology and an ongoing commitment to be a great neighbor within the Pacific Heights community.”

The project, at 2121 Webster, was designed by Handel Architects and built by Plant Construction.

Sales started in 2016 with asking prices stretching up to $20 million and wrapped up with the sale of Grand Penthouse 4. Trumark declined to disclose the final sale price of the 3,128-square-foot home, which went on the market listed at $13.75 million or about $4,400 per square foot.

Homes in The Pacific range from one- to three-bedroom condos, 10 townhomes, seven penthouses and four grand penthouses featuring ceiling heights up to 11 feet, chef’s kitchens and floor-to-ceiling windows. Some of the units such as the last one to sell, came with expansive, private outdoor terraces.

The Pacific’s penthouses sold between $4.6 million and $10.3 million or an average of $3,150 per square foot, according to property records. The grand penthouse prices ranged from $9.9 million to $15.875 million or an average of $3,125 per square foot. Those homes were sold as “warm shells” meaning no interior finishes and requiring buyers to handle that separately.

Amenities in the building include a gym, concierge service, garage with valet service and private, two-car spaces with roll-up doors and a rooftop deck with views of the Golden Gate Bridge, Marin and the San Francisco Bay.

“The Pacific was the perfect storm,” for an ultra-luxury condo project in San Francisco because its design, quality, details and unique location in Pacific Heights, one of San Francisco’s most expensive neighborhoods, lined with multi-million dollar mansions, said Gregg Lynn, an agent with Sotheby’s International who specializes in high-end condos.

Meanwhile, new condo prices have steadily climbed in San Francisco during the past decade. Ten years ago, it was rare for new condos to sell above $1,000 per square foot. Now, most condos are priced at $1,200 and up and a new category of “ultra-luxury” condos is emerging with prices starting above $2,000 per square foot. Some new condos are even going above $5,000 per square foot for penthouses and upper-floor homes.

“The market is strong and the buyers are out there,” for ultra-luxury condos, Lynn said. “Developers want to tap these buyers.”

At the time sales started in The Pacific, former managing director for Trumark Urban, Arden Hearing, told the Business Times, “the ultra-luxury market has just started to hit San Francisco.”

Since then, other high-priced projects have also come on the market including Jay Paul Co.’s 181 Fremont and Related California’s the Avery. Others, such as One Steuart Lane and 706 Mission St. are under construction.

July 26, 2018