Media Coverage

 

 

Trumark Homes Grand Opens SP78 Community In Downtown San Jose

Award-Winning Homebuilder Introduces 78 New Homes to Nation’s Hottest Housing Market

SAN RAMON, Calif., March 26, 2019 – Trumark Homes, a national award-winning California homebuilder, announced today the Grand Opening of SP78 at San Pedro Square in the heart of San Jose, recently named the nation’s hottest housing market by Zillow. Representing the first for-sale product of its kind in San Jose’s downtown district, SP78 will feature 78 new three-story townhomes adjacent to the popular San Pedro Square Marketplace.

Inside a model home at SP78 in San Jose.

 

“The recent announcement of Adobe’s new downtown office tower and Google’s proposal for a transit-oriented village coupled with the city’s greater effort for urban revitalization of the area further demonstrates the tremendous opportunity associated with downtown San Jose,” said Tony Bosowski, Northern California Division President at Trumark Homes. “San Jose continues to draw new residents who seek convenience and jobs in emerging tech markets. The impact of the tech industry on housing supply is very apparent and has created a real demand for new construction, for-sale homes like SP78.”

Located in the heart of Silicon Valley, the homes will offer attached direct-access garages and close proximity to downtown office, retail, restaurants and entertainment, convenient access to public transportation and freeways, and a short commute to the Mineta San Jose International Airport. Since launching sales in summer 2018, the community has already reached an impressive sales milestone with over 30 percent sold, a testament to the influx of buyers to San Jose, predicted to remain the nation’s hottest housing market in 2019. The single-family two- and three-bedroom townhomes will feature 10 foot ceiling heights, abundant natural light, expansive great rooms and contemporary designs. Prices begin in the mid-$900,000s and first move-ins are currently slated for spring 2019.

“SP78 is the ideal product for those who desire an urban, walkable lifestyle seamlessly connected to nearby dining, entertainment and major employers all while staying in arm’s reach of key transportation,” added Bosowski.

One of the highest geographic concentrations of high-tech companies in the world and home to global titans like Cisco and Adobe, San Jose enjoys the lowest unemployment rate and the most jobs per person among the 50 largest U.S. metros. Further, 75 percent of all Fortune 500 companies in the Silicon Valley region are headquartered within 15 miles of downtown San Jose.

Trumark Homes hosted a Model Home Grand Opening event on February 23, drawing over 200 prospective buyers to experience the contemporary homes firsthand.

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.

Award-Winning Homebuilder to Close on Six Parcels in First Two Quarters of 2019 Representing $541M in Projected Revenues 

Newport Beach Calif. (MAY 8, 2019) – Trumark Homes, a national award-winning California homebuilder, announced today it recently acquired a 4.6-acre land parcel in Brea, CA, purchased from J.H. Real Estate Partners, Inc. and located within the Central Park Village master plan. In addition to this new Southern California site, Trumark Homes will close on five additional acquisitions across California, totaling 450 residential lots and an estimated $541M in projected revenues. With robust demand in attractive suburban markets, the homebuilder’s new acquisitions precede an exciting wave of new communities taking shape across the state.

“In each of these vibrant target markets, our team identified unique opportunities to acquire parcels and add significant value by improving or changing existing entitlements,” said Michael Maples, Co-Founder and Principal of Trumark Homes. “Most of these acquisitions started in 2017 or before, so we are pleased with the strategic timing of each closing as it fills our pipeline for future market demand.”

The Brea acquisition will consist of 62 three-story attached townhomes and 20 stacked flats. Located on the corner of W. Central Avenue and Site Drive in Brea, the project lies across from a new one-acre community park and four-story medical office building. The entrance will serve as a pedestrian plaza area and provide a rich environment for engagement and community with an enhanced street frontage, water feature and pedestrian paths. The community will offer multiple design layouts per floor, allowing buyers the option to select a design layout of their choice per floor to create the ultimate customizable home. Pre-sales are slated to launch in fall 2019 and models expected to open in spring 2020.

By the end of this month Trumark will complete acquisitions on a total of six properties in 2019. In addition to the Brea property, the Southern California division is closing on a former avocado orchard re-entitled for 95 residential lots in Escondido. Trumark’s Northern California division will close on the company’s first age-qualified community of 59 lots located in The Collective master planned community in Manteca, an 18 luxury-home community in Danville, a 59-lot parcel in Sunnyvale, and a 138-unit project in Newark.

“This volume of closings in such a short period of time is a testament to our team’s incredible efforts and success in deal making, problem solving and tenacity, as we continue to build momentum as a company,” said Gregg Nelson, Co-Founder and Principal of Trumark Homes.

Trumark Homes is currently active in communities across the state with homes for sale at SP78 in Downtown San Jose, Glass Bay in Newark, Perch and Fielding in Dublin, Lewis + Mason in Anaheim and Centerhouse in Ontario.

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.