SAN FRANCISCO– The Trumark Group of Companies, a diversified real estate developer and builder, has hired veteran real estate developer and design consultant Steve Gallagher as vice president of construction for Trumark Urban, a division focused on developing condominiums in San Francisco’s underserved market.
“As our new vice president of construction, Steve will be charged with nothing less than overseeing the construction of about 1,000 condos in the coming few years,” said Trumark Urban’s managing director Arden Hearing. “Steve will be a very busy man, as we break ground on the first project this spring.”
Gallagher, who has served at well-respected firms of Tishman Speyer and Cushman & Wakefield, brings more than 30 years of building experience to Trumark Urban. At KEO International Consultants, he oversaw construction of roads and infrastructure for 350 residential towers and 3,000 villa plots for the Mohammed Bin Zayed City Development in Abu Dhabi, UAE. He guided Tishman Speyer’s West Coast design and construction efforts, including the 650 unit Infinity Condominiums and the 33 story 560,000sf 555 Mission Street office and retail development in San Francisco. As senior vice president at Trammel Crow Company, Gallagher managed development of the 800,000sf 2000 Avenue of the Stars office and retail development in Century City, Calif.
“Steve has built high-rise condos and office buildings from Chicago to Los Angeles to San Francisco to Abu Dhabi,” Hearing said. “He brings deep experience, knowledge and understanding of the marketplace to Trumark Urban.”
A LEED-accredited professional, Gallagher has an undergraduate degree from the University of St. Thomas in St. Paul, Minn., and a civil engineering/construction management degree from the Illinois Institute of Technology in Chicago. He has studied real estate investments through UCLA Extension.
Responding to the rebounding housing market and ongoing creation of high-paying jobs in the Bay Area, Trumark Urban has acquired six sites in San Francisco’s urban core for mid- and high-rise condominium communities. Plans are in the works for more than 600 for-sale residential units ranging in size from 450 to 3,000 square feet. Gallagher’s team will break ground on the first project in the $400 million portfolio this spring.
“We want to bring life to the street – revitalize areas in great San Francisco locations that are already right next to jobs, services and restaurants,” Hearing said.
Trumark Urban is an offshoot of Trumark Homes, which has raised more than $140 million in equity for single-family residences in suburban areas.
About The Trumark Group of Companies
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.
Trumark Companies is the residential development arm of the organization and has completed more than $600 million in transactions since 2000, representing approximately 3,800 lots in Northern and Southern California. www.trumark-co.com/companies
Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State. www.trumarkco.com/commercial
Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Since May of 2009, Trumark has raised more than $140 million of equity and funded 15 deals. Its pipeline exceeds 2,000 lots in core urban areas of California, representing more than $1 billion in future revenue. www.trumarkhomes.com
Trumark Urban engages in multifamily acquisition and development in core urban neighborhoods close to jobs, transit and local businesses. Since making the strategic decision to focus on San Francisco in 2011, the new division has acquired six sites in San Francisco for mid- and high-rise condominium communities with plans in the works for more than 550 units. www.trumarkurban.com