"AvalonBay Communities, acting through an affiliate, has paid $30.5 million near the corner of Bollinger Canyon Road and Camino Ramon, according to documents filed on Dec. 1 with the Contra Costa County Recorder's Office. AvalonBay bought the empty land site through an all-cash deal. The real estate company intends to build 456 apartments on the 5.7-acre site, according to AvalonBay."
"The housing development is another vital component of the emerging vision of Bishop Ranch as San Ramon's urban core, a lively hub of office buildings, homes, shops, restaurants, entertainment centers, lodging sites and open spaces that has become a Bay Area destination community. "We are trying to build a series of neighborhoods here at Bishop Ranch," Alex Mehran Jr., president of Sunset Development, said in an interview with this news organization. Sunset Development is the creator and principal owner of Bishop Ranch."
AvalonBay Communities purchased a 5.7-acre San Ramon site at Bollinger Canyon Road and Camino Ramon for $30.5 million in an all-cash transaction. The company plans to develop 456 apartments in two buildings called Avalon San Ramon, with one seven stories and the other five stories, connected by a breezeway. Construction is slated to begin before the end of the year, with residents anticipated to move in sometime in 2027. The project supports Bishop Ranch's development as a dense, mixed-use urban core of offices, homes, retail, entertainment, lodging and open spaces. Sunset Development is the creator and principal owner of Bishop Ranch.
Read at The Mercury News
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