Award-winning homebuilder helps fulfill Los Angeles’ growing demand for market rate housing through high density and smart design
LOS ANGELES, CALIF. (November 8, 2016) – Trumark Homes, a visionary, next generation homebuilder, announced today the complete close out of SL70, a new residential development on Glendale Boulevard in one of Los Angeles’ hippest neighborhoods. The 70-newly built standalone homes are helping to meet the incredible demand for housing in this core infill location from buyers that range from first time homeowners to downsizing baby boomers.
“The swift sell out of our SL70 development this year is a true testament to the popularity and appeal of emerging neighborhoods such as Silver Lake in Los Angeles,” said principal and CEO of Trumark Homes, Michael Maples. “We were able to get creative with this specific location on Glendale Boulevard by utilizing the City of Los Angeles’ Small Lot Ordinance allowing greater flexibility in lot sizes which enabled us to competitively price the homes ultimately resulting in an increased velocity of sales.”
Located on 2.34 acres on Glendale Boulevard just south of the 2 Freeway, SL70 features design-centric living, three floors of living space and rooftop terraces on most homes. Built on the former home to Hollywood’s first permanent movie studio, the residential community features a collection of two- and three-bedroom single-family homes with up to 1,800 square feet of living space, two car garages and no HOA dues. Each home is crafted with contemporary recessed lighting, oversized windows, premium kitchen appliances and Quartz countertops. The development is situated near various Silver Lake/Echo Park entertainment, shopping, dining and recreational locations and is a short drive from major employment centers in Downtown LA, Burbank and Studio City.
Trumark Homes collaborated with long-term equity partner, The Resmark Companies, to bring the award-winning property to life in the up-and-coming Silver Lake neighborhood.
“SL70 is another standout investment between Resmark and Trumark, and the project’s success reflects Trumark’s consistent ability to innovate and perform. We send all of the homeowners at SL70 our best wishes as they settle into their new homes,” said Robert N. Goodman, Chairman and CEO, The Resmark Companies.
SL70 was honored by the National Association of Home Builders with two Gold Awards for “Detached Community of the Year” and “Best Architectural Design of a Single-Family Home Under 2,000 Square Feet” in 2015. In addition, the development also won three Silver Awards for “Best Brochure”, “Best Interior Merchandising” and “Best Website for a Community”.
“We are thrilled that our SL70 community has received several important industry distinctions,” said Mark Higgins, Senior Vice President of Sales and Marketing at Trumark Homes. “We knew that the homeowners at SL70 would place particular emphasis on design and lifestyle and we were able to deliver an urban award-winning environment close to the heart of the Silver Lake neighborhood.”
Trumark Homes recently launched sales at its two newest residential neighborhoods in Southern California, Upcoast at Costa Mesa and Tribella in Santa Ana, and will introduce two additional residential neighborhoods in Chino Hills in 2017.
About Trumark Homes
Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. The nationally award-winning homebuilder is part of the Trumark Group of Companies, a diversified real estate development and building firm that also includes: Trumark Communities, a residential land development platform; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. For more information, visit www.TrumarkHomes.com
About The Resmark Companies
Founded in 1995, Resmark is a fully integrated real estate investment group. The Resmark Companies’ divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Impact Ventures—finance, acquire, develop and manage real estate in California, the Western United States, D.C./Mid-Atlantic region, and other select major metropolitan markets nationwide. To date Resmark has participated in more than 200 investments encompassing approximately 30,000 single-family and multifamily residential units, and has committed approximately $3 billion of capital. Headquartered in Los Angeles, Resmark also maintains offices in San Diego and Irvine, California and McLean, Virginia. For additional information, please visit www.Resmark.com