California’s Largest Transit Oriented Development Underway

In a sign of the continuing strength of the homebuilding market, Bay Meadows, California’s largest transit-oriented development, has broken ground on two land parcels. Nationally-known homebuilders TRI Pointe Homes and Shea Homes have commenced building at Bay Meadows, with an anticipated completion date of mid-2013.

Figure: TRI Pointe Homes Vice President Division Manager Jeff Frankel, Wilson Meany Partner Janice Thacher, Shea Homes Northern California Division President Layne Marceau.

“The enthusiastic commitment of these two national homebuilders is another sure sign of recovery in the housing market. It’s exciting to have TRI Pointe and Shea as the first two builders among what we expect to be an enthusiastic ongoing response from the market,” said Wilson Meany Partner Janice Thacher.

TRI Pointe Homes is building Amelia, a 63-home neighborhood of two- and three-bedroom townhomes replete with porches and balconies in an updated expression of traditional Bay Area architecture. Shea Homes has begun work on its Landsdowne residences, available in eight floor plans with a mix of two-, three- and four-bedroom homes from 1,150 up to 2,200 square feet. Landsdowne homes are oriented to the greenery of Bay Meadows’ 12-acre park. Consistent with Bay Meadows’ pedestrian-friendly approach, garages are at the rear of each home. Both are designed by KTGY Architecture + Planning. Set adjacent to a Caltrain commuter rail station in San Mateo, the comprehensively sustainable Bay Meadows will also feature five LEED-certified office buildings, a traditional town square and main-street retail.

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