Trumark Homes recently closed on its fourth acquisition near Silicon Valley, a 164-unit residential development in Newark, Calif. Located on a 12-acre site that was formerly an RV storage parking lot, the $115 million project got underway in May, with an expected completion of late 2017.

The neighborhood will provide a combination of medium-density single-family detached homes and higher-density multifamily townhomes within a short distance of the Dumbarton Bridge, AC Transit, and the Dumbarton Express.

“This project is located in a great central Bay Area location with access to BART, bridges, and freeways, allowing residents to work in San Francisco, Oakland, East Bay, Peninsula, Silicon Valley and San Jose,” says Christopher Davenport, Trumark senior vice president of land development.

The 164 residences will include 84 three-story detached single-family homes averaging 2,200 square feet and 80 two- and three-story attached townhomes. Six floor plans are proposed, ranging in size from 1,573 square feet with three bedrooms, three baths to 2,379 square feet with four bedrooms, three-and-a-half baths.

Priced from $540,000 to $798,000, the project is designed to attract first-time buyers and young working families, says Davenport. Styles from project architect KTGY Group will range from farmhouse to California Cottage and Craftsman.

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Learn more about markets featured in this article: San Francisco, CA, San Jose, CA, Los Angeles, CA.