Downtown Fremont’s First Mixed-Use Development Witnesses Strong Sales Absorption
San Ramon, CA (March 11, 2019) – SummerHill Homes, a privately-owned California homebuilder, has announced 40 percent sold in residential real estate sales at Locale @ State Street, the first mixed-use project in downtown Fremont, California. Located within walking distance of the Fremont BART station, Locale will offer 157 residential units including 76 attached Rowhomes and 81 Condos as part of a larger effort to revitalize Fremont’s downtown area with new housing, retail and office space. Since launching sales, half of the Rowhome inventory has been swept off the market and 30 percent of the Condo inventory has been sold.
“The Fremont region is increasingly attracting first-time homebuyers, millennials and empty nesters who value proximity to major transportation hubs and our success at Locale @ State Street is a testament to the demand for centralized, urban living in Silicon Valley,” said Robert Freed, President and CEO of SummerHill Homes. “The demand for new construction homes in the area has been clearly evidenced by the fact that a large portion of our sales to date have occurred without the benefit of having model residences for homebuyers to tour, which is often a critical step in the homebuying journey.”
At the epicenter of the rapidly-growing East Bay market, Locale @ State Street offers a convenient, centralized location, making it an ideal community for those who seek easy access to the surrounding Bay Area. Designed by KTGY Architecture + Planning, each home at Locale @ State Street was conceived with the modern resident in mind, with contemporary designs unique to each floorplan and premier fixtures and finishes, including stainless steel appliances, contemporary carpet, decorative, geometric tiling and open layouts. The two residence types available include:
- The attached Rowhomes will offer three- to four-bedroom residences ranging from approximately 1,400 to 2,000 square feet. Pricing begins in the low $900,000s.
- The Condos will feature 14 two-story Paseo Townhomes, 25 two- and three-story Capitol Townhomes and 42 one-story Flats with private patio spaces per plan. The Condos will have one- to four-bedroom residences ranging from approximately 728 to 2,673 square feet. Pricing begins in the low $600,000s.
Amenities for the condominium residences include outdoor spaces with barbecue kitchen islands, trellis shade canopies, lush landscaping and seating areas for residents to gather, as well as a sleek fitness studio. The community will also consist of 21,000 square feet of street-front retail and restaurant space directly along Capitol Avenue, creating a vibrant, urban experience.
Located in the heart of Fremont’s downtown district, Locale @ State Street boasts a central location ideal for commuters. The modern community will be situated less than a mile from the BART station, granting future residents easy access to nearby San Francisco. With a high walkability score of 85, Locale is also in close proximity to the 450-acre Fremont Central Park, Ohlone College, Fremont Hub and in walking distance of the city’s developing downtown community center and public plaza. Locale homeowners are within a short driving distance to notable Fremont employers such as Facebook, Kaiser Medical and Washington Hospital. As the fourth largest city in the Bay Area and emerging go-to location for homebuyers, Fremont is also home to the principal production Tesla facility and numerous consumer technology production companies including Antec Inc. and Corsair Memory.
Rowhome model residences are currently available to tour, and model units of the Condos will open in spring 2019. The first Rowhomes residents moved in winter 2018, and Condo residents are scheduled to begin moving in spring 2019, with full project completion anticipated in winter 2019.For more information, visit SummerHillHomes.com.About SummerHill Homes
SummerHill Homes is a privately-owned home building company with a diverse portfolio of new home communities spanning the San Francisco Bay Area and Southern California. An entity of SummerHill Housing Group and one of eight companies founded by Marcus & Millichap Company, SummerHill Homes is renowned for developing single-family detached homes and multi-family housing communities in flourishing markets throughout the state with a focus on craftmanship, quality and attention to detail. Since its inception in 1976, SummerHill Homes has brought to life more than 50 communities representing over 4,700 single-family homes, condominiums, townhomes and apartments. For more information, visit www.summerhillhomes.com