TRI Pointe Homes has acquired 240 home sites in two for-sale communities across the Bay Area.
“With the high demand and low supply of housing in San Francisco, a lot of people are looking for new opportunity beyond the bay,” said Jeff Frankel, president of TRI Pointe Homes Bay Area. “Our new communities in Sonoma and San Joaquin Counties will cater to that movement while providing a fresh blend of individuality, authenticity and integrity to our homeowners.”
TRI Pointe Homes acquired 134 home sites within Riverfront, a master-planned community located in downtown Petaluma. TRI Pointe Homes’ new neighborhood will offer homes ranging from 1,700 to nearly 2,800 square feet with four to five bedrooms and customizable floor plans. Located 40 miles north of San Francisco, the community is situated within a vibrant downtown employment, shopping and entertainment area and just a short drive from Wine Country. Targeting singles, families, multi-generational households and empty nesters, homes are anticipated to be priced from the low $700,000s with sales slated to begin in spring 2020.
The second acquisition is 106 home sites within River Islands, a master-planned community located in Lathrop. The new Breakwater neighborhood offering of single-family homes will range from 2,130 to nearly 2,840 square feet with four different, customizable floor plans, three to five bedrooms, 2.5 to 3.5 bathrooms and a two-car garage. The established master plan includes a boat house club facility with bar and restaurant, two K-8 schools, 11 community parks and 12 lakes, trails, and sports fields. The neighborhood offers access to Bay Area employment centers and light rail connection to San Jose. Priced from the high $400,000s and targeting young families, multi-generational households and empty nesters, sales of the homes at Breakwater in River Islands are slated to begin in spring 2020.
“All located within quality master-planned communities around the Bay Area, these new TRI Pointe Homes neighborhoods will deliver life-inspiring homes with lifestyle-enriching amenities,” Frankel said. “This is a very exciting opportunity for TRI Pointe to continue to provide our customers outstanding quality and convenience at attainable price points.”
