Joint Venture to Add 180 Residences
SAN FRANCISCO (September 23, 2016)— Legacy Partners, a privately owned national real estate firm, in a joint venture partnership with SyRES Properties, a real estate investment management firm, will break ground today on the second phase of the Renaissance Square luxury apartment community in Concord, adding 180 luxury rental residences. In August 2016, Legacy Partners and SyRES Properties also acquired the first phase of Renaissance Square, which includes 134 luxury apartments.
“We believe Renaissance Square sets the bar for luxury apartment living in Concord,” said David Eichler, Senior Managing Director of Legacy Partners. “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.”
“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 I 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.
Located in the heart of Concord, Renaissance Square sits in a neighborhood rich with restaurants, shops and other entertainment options. With the Concord BART station within walking distance, the location offers easy access to the greater Bay Area.
The architects on the projects are Danielian Associates and Architects Orange. The general contractor is Johnstone Moyer, Inc.
About Legacy Partners
Legacy Partners, a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay area, owns, develops and manages multifamily communities throughout the United States. We have regional offices in California, Colorado, Texas, and Washington and have developed more than 60,000 apartment homes in Arizona, California, Colorado, Nevada, Oregon, Texas and Washington. Since our inception, we have worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies, consistently returning exceptional results.
In addition to development, Legacy Partners provides management services for our own portfolio, as well as other owners. Combined, we manage a portfolio of over 60 multifamily communities with more than 14,000 apartment homes, and with a gross value in excess of $2 billion. For further information, please visit legacypartners.com.
About SyRES Properties
SyRES Properties is a privately held real estate investment management firm focused on the acquisition, development, and asset management of institutional quality multifamily properties. Our development pipeline and acquisition prospects are concentrated in the coastal cities of the western United States. For further information, please visit syresproperties.com.