BELMONT, CA—Well past its expiration date and in need of redevelopment, an obsolete office building and retail store is soon to give way to a new mixed-use property. Demolition on the site signaled the start of groundbreaking for Davey Glen , a luxury community on El Camino Real. Located on a 1.83-acre plot, the proposed development will consist of 73 units in four stories over parking and include 4,909 square feet of retail space. Plans call for completion in late 2018. Regis Contractors Bay Area, Regis Homes Bay Area 's construction arm, will be building the project. “We're excited to break ground on the Davey Glen project,” said Jeff Smith , senior vice president, residential development at Regis Homes Bay Area, an affiliate of Sares Regis Group of Northern California. “The Belmont community wants a vibrant Grand Boulevard and we believe this new community will be an important first step.” Designed by architectural firm, Dahlin Group , the Davey Glen community includes clean contemporary lines while using traditional materials including stucco, wood siding and metal elements, as well as a very strong color palette. Smith tells GlobeSt.com: "The Davey Glen site has been due for redevelopment for some time. It's exciting to break ground on a project that will transform an important block of the El Camino Real Grand Boulevard in Belmont.” Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, CA. As developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and more than 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more. BELMONT, CA—Well past its expiration date and in need of redevelopment, an obsolete office building and retail store is soon to give way to a new mixed-use property. Demolition on the site signaled the start of groundbreaking for Davey Glen , a luxury community on El Camino Real. Located on a 1.83-acre plot, the proposed development will consist of 73 units in four stories over parking and include 4,909 square feet of retail space. Plans call for completion in late 2018. Regis Contractors Bay Area, Regis Homes Bay Area 's construction arm, will be building the project. “We're excited to break ground on the Davey Glen project,” said Jeff Smith , senior vice president, residential development at Regis Homes Bay Area, an affiliate of Sares Regis Group of Northern California. “The Belmont community wants a vibrant Grand Boulevard and we believe this new community will be an important first step.” Designed by architectural firm, Dahlin Group , the Davey Glen community includes clean contemporary lines while using traditional materials including stucco, wood siding and metal elements, as well as a very strong color palette. Smith tells GlobeSt.com: "The Davey Glen site has been due for redevelopment for some time. It's exciting to break ground on a project that will transform an important block of the El Camino Real Grand Boulevard in Belmont.” Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, CA. As developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and more than 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.NOT FOR REPRINT
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