SAN RAFAEL, Calif.--(BUSINESS WIRE)--Trumark Homes, a national award-winning California homebuilder, today announced the acquisition of 37 townhomes, condo flats and two-story detached homes within the 76-unit Village of The Strand at Loch Lomond. Located on the San Francisco Bay in Marin County, the site represents an opportunity for Trumark to potentially deliver all 37 residences in the 2022 calendar year, contributing over $65 million in gross sales revenue.
With a median household income of $151,375 per year — roughly $71,000 above California’s average (Meyers Research) — Marin County attracts upper-middle class homebuyers seeking spacious, single-family homes in the Bay Area. For that reason, Trumark is currently targeting buyers from the San Francisco Peninsula seeking lower density housing, larger outdoor space and more flexible floor plans to accommodate their new work-from-home lifestyles.
“As an existing site offering new home product with a limited supply of waterfront units, our acquisitions team quickly identified Loch Lomond as the perfect opportunity to expand our luxury home portfolio in the Bay Area,” said Tony Bosowski, Northern California Division President at Trumark Homes. “With captivating bay views, spacious floor plans and a secluded yet well-connected location to downtown San Francisco, our Loch Lomond community provides homebuyers with a valuable, long-term investment that can grow alongside their family’s evolving needs for years to come.”
Starting from the mid $1Ms, Trumark’s Loch Lomond community offers 18 single-family two-story detached homes, 14 two-story townhomes and five condo flats above a mixed-use building. Two-story detached homes range from 2,111 to 3,360 square feet, three to four bedrooms and two-and-a-half to four bathrooms, with some plans offering lofts, flex space and dens. Townhomes range from 1,815 – 1,967 square feet and offer three bedrooms and two-and-a-half bathrooms. The condos are approx. 1,943 square feet and are two to three bedrooms and two to three bathrooms.
Located on the Northeastern bayfront of San Rafael, Trumark’s Loch Lomond community offers convenient access to Highway 101 and Interstate 580, connecting residents to major employment centers in downtown San Francisco and downtown Oakland. The community is also situated adjacent to a renovated 519-slip harbor, with numerous hiking and biking trails, seasonal wetlands and an upscale local market for residents to enjoy. Additionally, retail shops in the mixed-use building below the condo flats will provide convenient, everyday shopping within the development.
The Loch Lomond project is one of Trumark’s seven new communities in Northern California. Crest and Leeward on the island of Alameda opened sales in winter of last year. The homebuilder’s other communities in Northern California include: Edendale in Danville; Compass Bay in Newark; Harmony in Sunnyvale; and Origin, a premier age-qualified community in Manteca and the first WELL-certified residential community.
For more information on Trumark’s new Loch Lomond community, visit https://trumarkhomes.com/neighborhoods/northern-california/the-strand.
About Trumark Homes
With over 30 years of trusted experience and recognition as 2019 Developer of the Year by Builder and Developer and 2018 Builder of the Year by Professional Builder, the Trumark Group of Companies is a diversified real estate development and builder that includes: Trumark Communities, a master planned community developer; Trumark Homes, a next generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. Earlier this year, Trumark Homes entered into an agreement with Japan-based Daiwa House Industry Co., Ltd., who acquired 60% of the equity interest in Trumark and will commit to further developing the business. www.trumarkco.com.