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, according to a Dec. 21 press release.
That brings the total number of homes under construction by the development partners in Morgan Hill to 49, including a 12-home project known as The Commons underway at the intersection of San Pedro Avenue and Church Street.
The joint venture partners expect the community to be open for sale by summer 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 development is located at the northwest corner of Watsonville Road and Monterey Road. 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 Morgan Hill City Council approved the development agreement for the 37-home project in May 2016.
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 on the northwest corner of San Pedro Avenue and Church Street. The Commons features duets and single-family homes of three and four bedrooms with up to 2,895 sq. ft per unit.
More information is available at vandaele.com and presidioresidential.com.
