Shea Homes Adds Land for More Residential

The Avenue is slated for opening late this year or early 2017.

SAN MATEO, CA—As demand for homes at the Bay Meadows urban village continues, Shea Homes acquired more land in a deal with owner Stockbridge Capital Group and developer Wilson Meany. The national homebuilder has acquired a 1.6 acre parcel for 31 new townhomes at the mixed-use community. Named “The Avenue,” this collection will be designed by KTGY and is slated for opening late this year or early 2017.

The acquisition marks Shea Homes’ fourth at Bay Meadows and also coincides with the second phase closing of Meadow Walk–a neighborhood of 74 townhomes. Meadow Walk is currently under construction with sales commencing last month. The Avenue is located adjacent to the Caltrain station and steps from Bay Meadows’ Town Square and will be the final townhomes constructed at Bay Meadows.  All homes at Bay Meadows have sold out nearly as soon as they come to market.