Irvine- based Landsea Homes has announced the acquisition of Sanctuary Village, a 78-acre master planned community located in the East Bay city of Newark, CA. The company purchased the property from Sobrato Development Company; terms were not disclosed.
Sanctuary Village will be comprised of 386 single-family homes designed in four traditional neighborhood villages, each featuring 2-story detached homes with lot sizes ranging from 47’x 77′ to 60′ x 80′. The community will provide homes for a wide variety of home buyers with homes ranging in size from 2,000 square feet to 3,500 square feet.
The homes will be designed by the Woodley Architectural Group, Inc. and will feature floor plans with spacious master sites, expansive kitchens, interactive home energy, security and entertainment platforms and eco-friendly construction techniques.
Sanctuary Village is designed to attract a variety of multi-generational residents – from singles, first time home buyers and young families to move up buyers or empty nesters looking to scale down. The community will also feature a 3-acre neighborhood multi-function park for residents. In addition, the community has reserved land for a potential elementary school to be built by the Newark Unified School District.
“We are pleased to add Sanctuary Village to our family of communities in the Bay Area. With this acquisition, we will now be able to showcase our portfolio of high quality designed, innovative eco-friendly, single family detached homes in one of the region’s most sought-after locations,” said John Ho, CEO of Landsea Holdings Corporation.
Newark is a major employment center with names such as Logitech, Smart Modular Technologies and Home Depot among its businesss. Its proximity to Bay Area technology employment hubs also makes it the home for many residents who work in the tech industries.
Sanctuary Village’s location is within walking distance of the Newark Memorial High School, Oholone College Newark Center for Health Science and Technology and the Silliman Activity and Family Aquatic Center located on Mowry Avenue and Cherry Street. Located at the southwest corner of Cherry Street and Stevenson Boulevard, the community is convenient to a variety of amenities including shopping at NewPark Mall, one of the Bay Area’s largest malls, schools and transportation.
It is easily accessible to major tech employment hubs as well as other employers in the region via several freeways. Residents can easily travel to Palo Alto, Menlo Park and Stanford University via SR 84; head south to San Jose or north to Oakland/Berkeley via the 880; and access the 580 and 680 Freeways to travel to Pleasanton and San Ramon.
Landsea Homes opened Kingswood in Dublin, and is urrently offering homes in three additional Bay Area communities – The Vale, in Sunnyvale, Stoneyridge in Walnut Creek, and Siena in Milpitas.
