NEWARK, CA--(Marketwired - May 1, 2015) - More than 1,000 people attended the recent grand opening for Shade and Canopy at Timber -- Trumark Homes' new community offering 164 single-family detached homes and townhomes in Newark, Calif. On grand opening weekend, 20 homes were immediately sold; to date more than 40 homes are currently in escrow.
Guests at the grand opening event enjoyed barbecue, curry and cupcakes from food trucks and toured six new home models (three townhomes at Canopy and three single-family homes at Shade). The first new owners are expected to move in this summer.
"In the past 15 years, only four new homes have been built in Newark, so there is an incredible amount of pent-up demand," said Trumark's Senior Vice President of Sales and Marketing Mark Higgins. "The willingness of city officials to work with us to provide new homes for the next generation will result in the creation of a vibrant new community."
Shade and Canopy at Timber, an 11.98-acre community on the site of a former RV storage parking lot on Cedar Boulevard, is the first new residential development in Newark in more than a decade. This new neighborhood is within a short distance of the Dumbarton Bridge and Interstate 880. Residents are near local shopping and amenities as well as 13 parks and sports facilities.
Designed by KTGY Group, the community will include 84 three-story detached single-family homes and 80 three-story townhomes with six different floor plans ranging in size from three-bed, three-bath with 1,540 square feet to four-bed, three-and-a-half bath with 2,405 square feet.
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 has raised more than $460 million of equity and funded 25 projects since the depth of the recession in 2009. www.trumarkco.com
Trumark Homes is a new generation homebuilder that is nimble, focused and unburdened by broken projects of the past. Its pipeline exceeds 2,000 lots in core in-fill areas of California, representing more than $2.8 billion in future revenue. www.trumarkhomes.com, TruBlu Blog, Facebook, Twitter, LinkedIn
Trumark Communities is a residential land development platform focused on acquiring, developing and selling improved lots in master planned communities. Its current pipeline includes three master planned communities with a combined 2,100 lots that represent total projected revenue in excess of $440 million. www.trumarkcommunities.com.
Trumark Urban develops condos in core urban neighborhoods close to jobs, transit and local businesses. Founded in San Francisco in 2011, the new division has expanded into Los Angeles and now has eight high-density condominium communities in process with plans in the works for more than 800 units for a total projected revenue exceeding $1 billion. www.trumarkurban.com
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