New Urban Town Featuring 868 Homes Represents Last True Master Planned Community in the Heart of Silicon Valley
San Ramon, Calif. (February 12, 2019) – SummerHill Homes, a privately-owned California homebuilder, has announced the launch of sales at Nuevo, a new urban town and residential community in Santa Clara, California. Located in the heart of Silicon Valley, Nuevo will feature a diverse collection of 868 homes, 40,000 square feet of retail and restaurant space, six acres of new parks, a community garden and a 4,000-square-foot community center. Nuevo marks the ninth community in California under development within SummerHill Homes’ portfolio and one of the largest residential projects underway in Silicon Valley.
“We feel incredibly excited to introduce a new vibrant town in such premier location,” said Robert Freed, President and CEO of SummerHill Homes. “Located in the global center of technology, Nuevo will cater to the needs of the modern homebuyer by meeting the growing demand for centrally located housing in close proximity to major job centers, entertainment and retail.”
Comprised of 868 homes, including 537 Apartments, 176 Terraces, 114 E-Towns and 41 E-States, Nuevo will resemble an integrated urban community in the flourishing Silicon Valley area of Santa Clara.
With spacious floor plans and a modern design aesthetic, the thoughtfully designed residences will also feature attached two-car garages or carports. Nuevo will consist of the following:
The Terraces will offer two- to four-bedroom flats and townhomes ranging in size from approximately 1,268 to 2,229 square feet with decks. Pricing will begin at approximately at $1,200,000.
The E-Towns will feature three- to four-bedroom townhomes ranging in size from approximately 1,841 to 2,259 square feet offering rooftop terraces and decks. Pricing will begin at approximately $1,600,000.
The E-States will boast three- to four-bedroom single-family homes ranging from approximately 2,462 to 2,990 square feet featuring rooftop terraces and decks. Pricing will begin in the low $2,000,000s.
The Apartments will have one- to two-bedroom floor plans. Pricing and square footage will be announced soon.
The project will also feature a 126-unit condominium building being developed by award-winning luxury homebuilder Toll Brothers. The condominiums will offer 1-2-bedroom floorplans ranging from approximately 656 to 1,266 square feet. “We are honored that Toll Brothers chose to partner with us and introduce one of their signature, high-end developments into this dynamic community,” added Freed. “With a portfolio that spans the United States, their involvement with Nuevo truly showcases their confidence in the Silicon Valley real estate market and we are thrilled to have them be a part of the project.”
Future residents will enjoy amenity spaces and daily programming that cater to their unique interests. Dedicated to fostering community engagement, Nuevo will offer a community center, dog park, bike paths throughout the community, turf areas for yoga and soccer, basketball courts, neighborhood- serving retail, movie-in-the-park events, picnic tables and a children’s playground. Residents will also have access to outdoor reading rooms, electric vehicle charging stations and a community garden.
Located less than a mile from Caltrain, Nuevo will provide convenient access to the surrounding Bay Area, as well as close proximity to San Jose International Airport, Santa Clara University, Levi’s Stadium, retail destinations including Valley Fair and Santana Row, and family-friendly attractions such as Great America. Additionally, Santa Clara is home to several blue-chip companies including Intel, McAfee, Dell and Arista Networks and is adjacent to the growing tech hubs of Sunnyvale, San Jose and Cupertino, which serve as home to Apple, Google, Cisco and Symantec, among others.
“Silicon Valley continues to lead the Bay Area’s tech boom with four times more tech occupancy than San Francisco and with new companies moving into the area and existing companies expanding their footprint, the demand for high-quality new construction housing will only continue to rise,” said Chris Neighbor, Chief Operating Officer at SummerHill Homes. “We realized a once-in-a-lifetime opportunity to create a community that would act as a natural extension of the region’s already vibrant atmosphere complemented by Nuevo’s vast outdoor spaces for socializing and entertaining and diverse options for urban living.”
SummerHill Homes recently secured two construction loans from Wells Fargo for Nuevo totaling more than $266 million which will be instrumental as construction progresses on the community. SummerHill Homes will unveil six model residences across the Terraces, E-Towns and E-States product types in spring 2019 with first move-ins anticipated in late 2019. The community parks are scheduled for completion in late 2019 with the community center anticipated to open in spring 2020.
For more information, visit SummerHillHomes.com.
About SummerHill Homes
SummerHill Homes is a privately-owned home building company with a diverse portfolio of new home communities spanning the San Francisco Bay Area and Southern California. An entity of SummerHill Housing Group and one of eight companies founded by Marcus & Millichap Company, SummerHill Homes is renowned for developing single-family detached homes and multi-family housing communities in flourishing markets throughout the state with a focus on craftmanship, quality and attention to detail. Since its inception in 1976, SummerHill Homes has brought to life more than 50 communities representing over 4,700 single-family homes, condominiums, townhomes and apartments. For more information, visitwww.summerhillhomes.com.