Two real estate firms have acquired properties in Campbell, with plans to build over 100 residences in total, totaling $59.9 million in combined purchases.
Essential Housing Asset Management purchased the Llewellyn Avenue site for $40.5 million, planning to build 106 residential units, while Pulte Homes holds an option to buy.
KB Home South Bay acquired the 320 Virginia site for $19.4 million, intending to develop 40 townhome units on the 2.2 acres of vacant land.
The recent acquisitions by seasoned builders highlight sustained interest in developing premium properties in the Bay Area, although project timelines remain unclear.
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