Walking distance to Apple’s Campus 3, Texas Instruments, Thermo Fisher, Intuitive Surgical’s global HQ, and other renowned employers, the Property is firmly situated in the epicenter of the most innovative region in the world and is surrounded by more than 225,000 tech jobs. Median household incomes in Sunnyvale are forecasted to grow to $156,548 by 2025 and market rents are projected to increase an additional 10% while maintaining 95% occupancy over that same time period. As a fully-amenitized community adjacent to Lawrence Station, 1171 Sonora will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent renters.
Sunnyvale, CA 94086
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing apartment submarkets in the San Francisco Bay Area. Local rents are forecasted to grow by 21% in the next five years while median household incomes are anticipated to grow 15% to $96,838 annually during this same time. As a 100% market-rate community in a submarket with minimal competition, 148 Peabody Road will offer the high end, convenient living experience critical to attracting the region’s most affluent renters.
The Property’s ideal Bay Area location and convenient access to Interstates 680 and 880, as well as Highway 237, provides residents with a short commute to the major job markets of Silicon Valley and the East Bay. Surrounded by world-renowned employers such as Google, Microsoft, Apple, Oracle, Cisco, Intel, Tesla, and many others, Milpitas attracts affluent residents from throughout the region. With median home prices in Milpitas nearing $1.2MM, the cost of home ownership is 210% the anticipated asking rent of 186 Selwyn. By 2025, 71% of Milpitas’ household are expected to earn more than $150,000 annually. As home prices and incomes continue to increase, 186 Selwyn’s central location and large, high-quality units, will attract the region’s high earning renters-by-necessity.
Milpitas, CA 95035
Oakland has proven itself as one of Northern California’s strongest job markets. With a 46% trailing 5-year average discount to San Francisco class A office rents, Oakland has attracted companies such as Square, Credit Karma, Blue Shield, PG&E, and Oracle in addition to 44,133 new residents since 2010. With 5MM square feet of office in the development pipeline, Oakland will continue to attract companies and employees - the continued in-migration is projected to fuel rent growth 26% by 2030.
As a newly constructed property with direct access to The Bay Area’s renowned employers and lifestyle attractions, 312 Monte Vista will offer the high-end, convenient living experience critical to attracting the region’s most affluent residents.
Oakland, CA 94611
Centrally located at the confluence of Interstates 80, 880, and 580, Emeryville is directly across the Bay Bridge from San Francisco and provides convenient access to the world’s highest paying jobs in San Francisco, Oakland and Silicon Valley. Emeryville is an international bioscience hub and is home to the global headquarters for Pixar, Zymergen, Peet’s Coffee & Tea, Clif Bar & Co, and more. The city has emerged as one of the East Bay’s most prominent retail, dining, and entertainment destinations with new offerings such as the Public Market and the East Bay Bridge Retail Center.
4700 & 4770 San Pablo boast a walk score of 88 and are steps from AC Transit and Emery-Go-Round, Emeryville’s free shuttle that provides service to BART and Amtrak. This seamless connectivity to the Bay Area’s major job centers and multitude of lifestyle offerings have lured world-renowned employers and a growing base of affluent residents to Emeryville, making 4700 & 4770 San Pablo a premier offering with optionality for a mixed-use development or an industrial value-add execution.
Emeryville, CA 94608
Cherryland Place’s strategic central Bay Area location provides widespread access to the most innovative companies in the world and is well positioned within a high income growth submarket. Median household incomes in the Hayward area are forecasted to grow 21% by 2024 to $102,426 annually, while the number of local households with annual incomes greater than $150,000 is expected to grow 36% during this same time. As a modern community with on-site retail and easy access to the region’s top employers, Cherryland Place will offer the well-amenitized living experience and embedded upside critical to making the community a highly successful development project.
Cushman & Wakefield, in conjunction with WT Mitchell Group Inc., are pleased to exclusively present the opportunity to acquire Concord Terminal (the "Property"), a ±2.66 acre transit-oriented multifamily development site located in Concord, California. Situated just steps from the Concord BART station, the Property’s infill location provides future residents immediate access to the San Francisco Bay Area’s economic and lifestyle offerings that make it one of the world’s premier places to live, work and play.
Concord Terminal is currently a retail shopping center with month-to-month tenancies which provides an investor logistical flexibility while also benefitting from recurring cash flow during the entitlement process. Located within Concord’s Downtown Mixed Use (DMX) zoning district, the Property is zoned for up to 266 multifamily units and, through density bonuses, more than 300 units could potentially be built on the site.
With modern design, a transit-friendly location, and close-proximity to downtown Concord's numerous lifestyle amenities, Concord Terminal will offer a highly-amenitized living experience for residents seeking convenient living in the San Francisco Bay Area.
Concord, CA 94519
With direct access to 5 million jobs, Vacaville has emerged as one of the top performing housing submarkets in the San Francisco Bay Area. Local rents are projected to grow 20% by 2025 while median household incomes are expected to grow by 15% to $96,838 annually by 2024. Situated one block from Main Street, residents of East Main Street will be steps from the retail, dining, and entertainment offerings in downtown Vacaville. A rare opportunity with multiple exit strategies, developers can build a for rent or for sale project. As a 100% market rate community with minimal future competition, East Main Street will offer the high end, convenient living experience critical to attracting the region’s most affluent residents.
Vacaville, CA 95688
Sacramento, CA 95814
Sacramento, CA 95814
The Hillcrest Apartments Site is currently undeveloped land, affording a developer the opportunity to program the highest and best use for the site. The San Francisco Bay Area’s extreme housing imbalance, combined with state-wide efforts to stimulate dense housing development near transit stops, makes the Property an ideal site for a garden-style apartment community.
With a transit-friendly location and easy access to the San Francisco Bay Area’s economic core, the Hillcrest Apartments Site will benefit from Antioch’s position as one of the top performing apartment submarkets in the San Francisco Bay Area which is projected to further outpace the region with 41% rent growth while maintaining 96% average occupancy through 2028.
LakeHouse is a fully-entitled 270-unit Opportunity Zone development expected to break ground in July 2020. The Property is currently a ±0.92 acres unimproved parcel situated at Oakland’s renowned Lake Merritt, the city’s most popular public amenity. Sponsor has approvals to build a 26-story, class-A multifamily tower that will provide a fully amenitized living experience in a premier Oakland submarket that is geographically insulated from potential new competition.
Located within a half-mile of the Lake Merritt BART Station and less than one-mile from Downtown Oakland, LakeHouse benefits from its strategic access to the most innovative companies and highest paying jobs in the world. Median household incomes in Oakland are forecasted to grow 20% by 2024 while rental rates are projected to grow 17% during this same time. With its lakefront location and outstanding accessibility to leading employment hubs, LakeHouse provides the rare prospect of investing in a core-quality development with embedded market upside and Opportunity Zone tax benefits.
Montgomery 7’s strategic access to the most innovative companies in the world has positioned its neighborhood as Silicon Valley’s top income growth submarket. Median household incomes in Diridon area are forecasted to grow 20% by 2024 while the number of local households with annual incomes greater than $150,000 is expected to grow 43% during this same time. As a fully-amenitized community located adjacent to Diridon Station, the Property will offer the high end, transit-oriented living experience critical to attracting the region’s most affluent renters.
San Jose, CA 95110