Hines Property Management Sacramento
Hines Property Management Sacramento – (CONCORD, CALIFORNIA)- Hines, an international real estate company, and investment partner MetLife Investment Management, today announced the start of construction on The Grant, a mixed-use complex with 228 luxury homes. Hines and MetLife have collaborated on many projects together, and the Grant marks the continuation of the firms’ long history of successful partnerships.
Grantwillin features studio, one-bedroom and two-bedroom apartments ranging from 506 to 1,211 square feet, with high-quality finishes and thoughtfully designed floor plans. State-of-the-art amenities will include a swimming pool, rooftop deck, clubhouse, outdoor exercise areas, fire pits, bicycle parking and a dog park, in addition to 328 parking spaces. The project will consist of two buildings separated by Clayton Road, a north building with 139 apartments and ground floor shops and a south building with 89 units.
Hines Property Management Sacramento
The project, which spans two adjacent blocks in downtown Concord, is conveniently located one block from the Concord BART station and Todos Santos Plaza, the commercial and historic heart of Concord. With a Walk Score of 94, there are over 30 dining and retail options within a short walk of The Grant. The site is centrally located to I-680 and Highway 242, allowing residents excellent access to the entire East Bay and and San. Francisco.
Batavia Gardens Apartments
“Today marks an exciting milestone for The Grant and we are very excited to expand our multifamily portfolio in Concord. With its excellent amenities and unbeatable location, Grant will set a new standard for living in the East Bay,” said Hines Executive Director George Clever.
Lou Kruk, managing director, real estate, MetLife Investment Management, said, “The grant represents our latest multifamily development project in partnership with Hines, and is a perfect fit with our multifamily investment strategies that we deliver to our management clients investment. Grant will benefit from easy access to a range of services, easy travel and good transport access. We are confident that these apartments will be a valuable addition to the local community, and will help support local jobs and businesses during construction and beyond.”
Hines assembled an experienced team for The Grant, including, Orange Architects, architect and architect; Haven Design Studio, interior design; and Brown Construction, the general contractor. Hines and partners are aware of the current impact of COVID-19 and with the leadership of Brown Construction, the Grant team on site will be taking the necessary safety precautions as part of the construction process.
The grant is expected to be completed in the third quarter of 2022. Leasing is expected to begin in April 2022.
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Hines is a private real estate investment firm founded in 1957 and present in 205 cities in 24 countries. Hines has approximately $133.3 billion in assets under management, including $71 billion in which Hines serves as an investment manager, including non-real estate assets, and $62.3 billion in which Hines provides third-party real estate services. . The company has 165 developments in progress around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totaling more than 459 million square feet. The firm’s current real estate and property portfolio includes 539 buildings, representing more than 232 million square feet. With extensive experience in investing in all types of risk and all types of properties, and a pioneering commitment to sustainability, Hines is one of the largest and most respected organizations in the world.
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Andy Cir, Sacramento, Ca 95838
“The goal of Project Elevate is to bring a downtown look and feel to Elk Grove with modern architecture, five- to seven-story buildings, an integrated mix of uses, and dynamic public spaces. This is a transit-ready project that is bold and visionary and unlike any other in the Sacramento region. If successful, it will “elevate” the quality of the area and amenities and bring a sense of downtown to Elk Grove,” said Elk Grove Economic Development Director Darrell Doan.
Hines has extensive experience in public private partnerships with a track record of delivering world-class mixed-use development projects around the world. Hines has developed several similar projects across the country including West Edge in Los Angeles, CA, City CenterDC in Washington, DC, and Riverwalk in San Diego, CA. Locally, Hines developed the Centene office campus in Natomas, Sacramento, and is developing the Natomas Fountains residential project in Sacramento, and the Salesforce Tower in San Francisco.
“We are very excited to partner with the City of Elk Grove on this transformation project,” said Dusty Harris, executive director at Hines. “This project is a rare opportunity to redefine the urban landscape in a suburban setting and something that has never been done before in the Sacramento region. We are honored to be nominated and look forward to getting started.”
Hines and the city have entered into an Exclusive Negotiation Agreement that will give both sides about six months to study the site and refine the design strategies for the project. Hines’ original concept is to develop the site with a dense mix of modern urban uses that complement a city vision that would include:
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Sacramento-based broker Turton Commercial Real Estate is assisting the city with developer selection, project planning, and site sales and development.
Elk Grove is a high quality community of approximately 177,000 people, located 14 miles south of the California State Capitol in the affordable Central Valley of the State. Elk Grove is a modern, young, ethnically diverse city, incorporated in 2000. Elk Grove is a family and business friendly community, with low crime, excellent schools, over 100 public parks, great restaurants and shops, many annual events. and festivals, and more than 270 sunny days a year. The median household income is $102,000, the median home price is $662,750, and 62% of adults over the age of 25 have attended college. Major companies such as Apple, Amazon, AllData, Kubota Tractor Corporation and the State of California call Elk Grove home. Commercial rents and land costs are affordable, and the City has virtually no earthquake risk. Elk Grove is governed by a five-member City Council consisting of the Mayor and four Council members. Elk Grove operates its own Development Services, Public Works, Finance, and Police Departments, and is served by the Elk Grove Unified School District, and the Cosumnes Community Services District (fire and emergency services and parks and recreation).
Hines is a private real estate investment firm founded in 1957 and present in 285 cities in 28 countries. Hines oversees investment assets under management totaling approximately $90.3 billion¹. In addition, Hines provides third-party real estate services for 373 buildings totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling more than 511 million square feet. The company currently has more than 198 developments underway around the world. With extensive experience in investments across all risk types and all types of properties, and a fundamental commitment to ESG, Hines is one of the largest and most respected real estate organizations in the world.
Turton Commercial Real Estate (“TCRE”) is a real estate firm made up of developers, entrepreneurs and outsourced sellers who are interested in the Sacramento region, especially urban and suburban style properties. TCRE is the listing agent for nearly every development including utility, office and urban real estate in Sacramento, and represents nearly all of the region’s most notable urban developers. In addition to urban real estate, TCRE’s public sector resume is extensive, with more than 10 current government agency clients looking to the TCRE team for advice on their leasing and real estate.
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