SAN RAMON, CA--(Marketwired - Mar 22, 2016) - The True Life Companies (TTLC) is very pleased to announce the sale of 3.2 acres of infill property located in Fremont, CA to TRI Pointe Homes. The property, known as the Mission-Stevenson project, will deliver much needed housing in the extremely competitive Bay Area marketplace.
"The Mission-Stevenson community is the first disposition for TTLC in 2016 and the third disposition for TTLC in the Bay Area in the last 12 months," said Taber Anderson, Principal and Chief Investment Officer. "This venture further demonstrates The True Life Companies' commitment to transforming raw and underutilized land into well thought out and intelligently planned communities designed to meet the needs of future residents."
Located at the corner of Mission Boulevard and Stevenson Boulevard in Fremont, CA., TTLC entitled the project, receiving tentative map approval in September 2015 for 35 townhomes and 42 stacked flats for a total of 77 condominium units. The location provides buyers easy access to major transportation corridors and is within 1.5 miles of the Fremont BART Station.
Regionally, BART and the Valley Transportation Authority Bus and Light Rail routes are being extended throughout the Silicon Valley which further enhances the value of this location for commuters. Other attractive features of this project include access to nearby community parks, numerous retailers and Fremont's excellent school system.
"The entire TTLC team is very pleased to have entitled and delivered to the market this extremely well designed project that will offer a fantastic opportunity for first-time and move-up buyers to acquire new housing at reasonable prices by Bay Area standards," said Kelly Beardslee, The True Life Companies' Managing Director for the Bay Area.
TTLC is active in high growth markets throughout the Western US, targeting land development opportunities where the company's leadership and entitlement expertise can deliver exceptionally well designed projects to homebuilders. In the disposition of Mission-Stevenson, TTLC's innovative platform and forward-thinking strategy has once again made a positive impact.
"Mission-Stevenson is another excellent example of TTLC's deep understanding for local markets and our ability to execute on its value proposition of delivering valuable lots to homebuilders," said Beardslee.
As a major supplier of lots and land to America's top homebuilders, TTLC has projects in various stages of entitlement throughout the Western United States. Over the past five years, The True Life Companies has expanded rapidly with regional offices operating in San Ramon, CA; Sacramento, CA; Phoenix, AZ; Denver, CO; Newport Beach, CA; Kona, HI; and Austin, TX.
For more information regarding TTLC's residential land or recreational master-plan portfolio, visit www.thetruelifecompanies.com.
Contact Information:
Contact:
Fran Bangert
Kovach Marketing
714-335-9646