MORGAN HILL, Calif., Dec. 20, 2017 (GLOBE NEWSWIRE) -- Van Daele Homes and Presidio Residential Capital have begun model home construction at The Gables, a 9.4-acre community that will offer 37 attached townhomes ranging from approximately 1,400 to 2,100 square feet in Morgan Hill. The joint venture partners expect the community to be open for sale by summer of 2018.
“This wonderful new community in Morgan Hill will offer residents an opportunity to live in coveted Santa Clara Valley at a far more affordable price tag than found in the Silicon Valley tech hubs,” said Jeffrey Hack, president and CEO of Van Daele Homes. “We look forward to showing prospective buyers all that the convenience of townhome living in Morgan Hill has to offer.”
The community is located at the northwest corner of Watsonville Road and Monterey Road and is close to major employment centers and recreation, and is just two-and-a-half miles from a Caltrans station. Amenities include a central park with a play structure, picnic table, barbecue and shade structure.
The Gables in Morgan Hill is a joint venture project with Presidio Residential Capital, a San Diego-based real estate investment company. The joint venture partners recently celebrated the opening of another project called The Commons -- a 12-home duet and single-family home community also located in Morgan Hill.
About Van Daele Homes
Van Daele Homes is a privately-held, California-based homebuilder specializing in new homes in Northern and Southern California since 1987. The Van Daele family and its team take great pride in the design and construction of every home and have a personal commitment to every home buyer. Now celebrating 30 years of homebuilding excellence, the experienced team of employees, artisans and consultants at Van Daele Homes take building quality, handcrafted homes very seriously, and are intimately involved in each home’s design and construction every step of the way. Additional information is available at www.vandaele.com
About Presidio Residential Capital
Presidio Residential Capital is a real estate investment company focused on the residential housing sector. Headquartered in San Diego, California, the firm provides capital in the form of joint ventures for the entitlement, development and build-out of for-sale residential projects throughout the Western United States. Presidio has infused more than $1 billion into the economy to capitalize the housing industry. The firm’s goal is to invest in excess of $150 million in capital for home-building projects in the Western United States in the next 12-plus months. It currently has investments in Arizona, California, Nevada, Colorado and Washington with current committed capital of $800 million focused on 100+ projects. The firm is affiliated with a privately held registered investment advisor specializing in alternative investment strategies who has a long history of investing in the home-building sector. Current assets under management total more than $2.5 billion. Online and social media: www.presidioresidential.com, Facebook, Twitter and LinkedIn.