Jun 20 2013
Trumark Homes and Resmark Land and Housing have announced a June 22 grand opening for Centered on Capitol, a community of 94 townhomes at 1328 N. Capitol Ave., with first move-ins expected this fall.
The three-story townhomes feature an innovative design featuring high ceilings, extra windows to let in more light and second-story living rooms with optional bi-folding doors that open onto a spacious deck to create an indoor-outdoor experience.
"We're very excited about the product type and its fresh, contemporary flair," said Michael Maples, principal of Trumark Homes. "The city's density requirements pushed us to be creative and come up with a workable design. It's something the Bay Area has not seen very often and it is significantly different from our competitors' homes."
"Resmark is pleased to again partner with Trumark in the Silicon Valley," said Connie Emmitt-Stern, Sr. Vice President - Investments, Resmark Land and Housing.
"We believe that Centered on Capitol offers a unique new option to homebuyers in the San Jose market."
Construction is in the final stages on the 4.4-acre development of for-sale townhomes, which range from 1,414 to 1,986 square feet. Community amenities will include quaint public spaces, including a park in the heart of the neighborhood, a central courtyard fountain, outdoor built-in kitchens, shade sails and bistro seating, and a large children's tot lot.
Centered of Capitol's highly detailed façade is custom wrought iron and brick with a diverse color palette. Interiors feature 10-foot and higher ceilings, oversized windows, along with recessed lighting, high-end appliances and plumbing fixtures throughout.
The location in the Berryessa District is near transit, freeways and excellent schools. Trumark had had its eye on the land, formerly used for farming, since 2008. Construction on the townhomes began in September.
"It's transit accessible, school smart and everyday convenient," said Mark Higgins, Trumark's Senior Vice President of Sales and Marketing. "With two stations about 1 1/2 blocks away, we are very commuter friendly to all areas of the South Bay."
Centered on Capitol is the third recent project in Silicon Valley for the fast-expanding Trumark. The company revived the 45-unit Capitol Station project (formerly known as Grandview Terrace) in San Jose last spring and purchased the 134-unit Contour development in nearby Milpitas in July. Resmark Land and Housing is the equity partner for Trumark on both the Centered on Capitol and Contour projects.
The three projects -- all located within a five-mile radius of each other -- represent 262 units with a projected sales revenue that will total more than $150 million.
Trumark targeted the Silicon Valley market early in the recession as one of the first in the nation likely to experience job growth and economic recovery.