Bay Meadows townhome rendering 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.

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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.

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