NEWARK, CA—Trumark Homes, a new generationhomebuilder, recently closed on its fourth acquisition near theSilicon Valley, an 11.98-acre,164-unit residential development project in Newark. Theproject's total value is $115 million. Trumark Homes broke groundon the project located on Timber Street and Cedar Boulevard in May.It is the first new development in Newark in more than adecade.

The new neighborhood will provide a combination ofmedium-density single-family detached homes andhigher-density multifamily townhomes for sale within a shortdistance of the Dumberton Bridge, ACTransit and the Dumbarton Express.

“This project is located in a great central Bay Area locationwith access to BART, bridges and freeways,allowing residents to work in San Francisco, Oakland, East Bay,Peninsula, Silicon Valley and San Jose,” said ChristopherDavenport, senior vice president of land development forTrumark Homes. “The city has encouraged this property to beconverted from an old RV storage parking lot to something better.This strip of land is adjacent to the freeway and will provide amuch better window into Newark and will improve that section ofCedar Boulevard as well.”