WALNUT CREEK, CA—With housing demands at the breaking point in the Bay Area for both affordable and empty nesters, one project is nearly sold out before construction begins. Some 80% of the units at Viamonte at Walnut Creek are already sold. And nearly 80% of the future homeowners are 680 Corridor residents, demonstrating the acute demand for this type of quality senior community in the East Bay.
Construction will finally begin this month at the corner of Shadelands and North Via Monte, along the northwestern edge of The Orchards mixed-use development. The development will include 174 one-, two- and two-plus den units.
“The 80% pre-sale is due to pent-up demand for high-quality modern senior living in the East Bay Area, coupled with a desire for a life care option,” Marcus Young of Viamonte of Walnut Creek, tells GlobeSt.com.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
