Answering the Need for Peninsula Housing, Sares Regis Group Continues Development on The Ashton and Other Projects
MOUNTAIN VIEW, CA – April 3, 2018 – Regis Homes Bay Area, a division of Sares Regis Group of Northern California (SRGNC) and a leading builder of for-sale homes, has announced that its newest luxury condominium community 1101 West has sold out less than four months after hitting the market. Located at 1101 West El Camino Real in Mountain View, 1101 West’s 52 homes sold for an average of over $1,000 per square foot. 1101 West was marketed and sold by the leading West Coast real estate sales and marketing firm Polaris Pacific.
1101 West, one of the first new Mountain View condominium developments completed in many years, features new homes within walking distance to downtown and transit. Each home in the LEED-certified, four-story community features spacious floor plans, refined finishes, electric vehicle charging, and “smart home” features such as learning thermostats and remote-controlled mechanical blinds. The project was built by Regis Homes Bay Area in partnership with Tricon Capital.
“Completing 1101 West is fulfilling for us, as the tangible benefits of redevelopment along the important El Camino Real corridor are easy to appreciate,” says Dave Hopkins, Senior Vice President at SRGNC. “The real reward for our efforts comes from the excitement of these new homeowners who seek a lifestyle anchored by high-quality housing in walkable locations. It’s clear that people are eager for new housing options near jobs, transit, and services, and we’re thrilled by the enthusiastic response we’ve received.”
Regis Homes Bay Area and SRGNC have a number of transit-oriented projects under construction throughout the Peninsula and Silicon Valley, all of which focus on providing residents with convenience, walkability, and a sense of community.
Next up is The Ashton, a 73-residence condominium community in Belmont at the corner of Davey Glen Road and El Camino Real. The Ashton will include a mix of one-, two-, and three-bedroom flats and townhomes ranging from 749 to 1,808 square feet, and will feature a fitness center, resident club room, outdoor patio with barbecue, and private dog run. There will be ample parking with 137 stalls in a one-level underground garage and 24 parking spaces on grade. Additionally, 4,990 square feet of ground-floor commercial space will front El Camino Real in a detached one-story building with dedicated parking. Sales are slated to begin later this year. Those interested in The Ashton may sign up for the interest list at theashtonbelmont.com.
Other multifamily projects currently in development by SRGNC include CityLine Sunnyvale, a multi-phase plan to transform downtown Sunnyvale with the addition of new residences, shopping, entertainment options, and office space across 36 acres. The project will include a Whole Foods Market and AMC Theaters multi-screen theater, as well as millions of dollars of public improvements. Elsewhere in Sunnyvale, SRGNC is now leasing 6tenEAST, a four-story, 205-residence luxury apartment community conveniently located just off Highway 101 at Fair Oaks Avenue. Immediate move-in options are currently available.
In South San Francisco, construction is underway on Cadence, a 225,000-square-foot luxury apartment community that will consist of 260 homes across five stories and over two levels of parking. The project also includes a $5.7M contribution from SRGNC that will go towards improvements to community parks, pedestrian connections, water lines, storm drains, and public art.
Finally, SRGNC is building Aperture in San Bruno, an apartment community that will include 83 apartments over podium parking and 7,000 square feet of commercial space. When completed, the project will serve as an anchor of downtown San Bruno’s retail center along El Camino Real.
About Regis Homes Bay Area
Regis Homes Bay Area and its affiliates, Sares Regis Group of Northern California and Regis Contractors Bay Area, are regional companies based in San Mateo, California.
As leading developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and over 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. For more information, please visit: www.SRGNC.com.
About Polaris Pacific
Polaris Pacific is the leading real estate sales and marketing group for today’s high-density residential communities. Drawing on a 30-year legacy of success in the Western United States, Polaris Pacific specializes in new development, leveraging the latest tools and technology to create a clear path forward. Long-term client relationships with industry leaders provide the company’s platform for innovation, establishing Polaris Pacific as the irrefutable expert in major urban markets. For more information, please visit www.polarispacific.com.