Landsea Closes on Large Real Estate Deal in Heart of Silicon Valley
IRVINE, Calif. (February 23, 2016) – Landsea Holdings Corporation (“Landsea U.S.”), an Irvine-based homebuilding company with new home communities across the nation, has announced the acquisition of 25.2-acres located in the City of Sunnyvale. This development, located at the heart of Silicon Valley, is the seventh development by Landsea, and its largest to date in the U.S.
“We’re extremely pleased to announce this significant acquisition in Sunnyvale, which is one of the largest of its kind in Silicon Valley in recent years,” said John Ho, CEO, Landsea Holdings Corporation. “The demand in Silicon Valley for quality, affordable and environmentally-friendly housing is ferociously high and now Landsea U.S. is able to go some way towards meeting it.”
The Sunnyvale development will include 450 for-sale townhome units within three distinct neighborhoods – Small Row Townhomes, Large Row Townhomes, and Cluster Townhomes, which will be developed concurrently, with the first phase due for completion in December 2017.
The Sunnyvale development meets Landsea’s U.S. investment strategy and allows the company to build a strong local Northern California team around it. The site is very conveniently located to transportation hubs, two Caltrans train stations are less than a mile away, its minutes from San Jose International Airport, 30-min from San Francisco International Airport and an hour from Oakland. Additionally the plot is surrounded by many shopping and leisure venues and highly rated schools.
One of the key attractions is Silicon Valley Sunnyvale’s proximity to many of the world’s largest tech companies; it’s less than six miles from 21 major technology companies, including Apple, Google, Facebook, Motorola, Yahoo and Tesla.
Landsea is a rapidly growing U.S. homebuilding company with numerous projects on both coasts. It also recently acquired 550+ lots on 95 acres in the City of Lake Forest in Orange County. The company builds a wide variety of product types including residential single-family and townhome communities in San Francisco Bay Area and Greater Los Angeles, luxury condominiums in the east coast along the Hudson River overlooking the New York skyline, and a newly announced 30-story mixed-use residential tower in Boston.
Landsea Group, founded in 2001 and noted as one of the top 100 real estate companies in China, has expanded dramatically from its origins in mainland China to the United States and Germany, bringing an unparalleled combination of progressive vision, eco-efficient style and technologically advanced innovation to the residential marketplace. Landsea is leading the market in environmentally conscious real estate development and operations and is at the forefront of the sustainable building industry. With more than 50 ongoing projects covering a total development area of over 91 million square feet, the company’s total assets reached $4.4 billion in 2014.
Unique for a developer, Landsea Group’s green technology is supported by its Germany based research and development operation, architecture design center, and green construction technology company and owns 150 patents in construction technology that is incorporated into their developments.
In the United States, Landsea is currently developing communities, including; a luxury high-rise set along the banks of the Hudson River with spectacular views of the Manhattan skyline in Weehawken, New Jersey, Pierce Boston, a striking 30-story mixed-use residential tower in the Fenway Neighborhood of Boston, MA, Kingswood, 109 beautifully designed townhomes in Dublin, California, Portola Hill South, 550+ homes in master planned community in Lake Forest, California and The Westerly, an exciting new community with three new home neighborhoods in Simi Valley, California.
For more information: www.landseahomes.com.