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A large, new housing development in San Ramon has attracted the project’s first round of home buyers, with developers announcing a sellout of the initial two phases of sales as deals on the homes begin closing this month.
The 404-unit City Village project that has been under construction since January 2022 has garnered 53 buyers so far, according to an announcement from SummerHill Homes on April 15. The milestone marks the next step in the creation of the large-scale mixed use project seeking to increase the city’s housing inventory and serve as part of a reimagined vision for the sprawling Bishop Ranch neighborhood that previously served primarily as office space.
“These first homeowners represent the beginning of a vibrant community that will seamlessly blend housing, amenities and job opportunities — a key piece of fulfilling our vision of the future of Bishop Ranch,” said Alex Mehran, Jr., president and CEO of Sunset Development Company, which owns Bishop Ranch. “We celebrate these homeowners as their presence underscores our commitment to shaping San Ramon into a thriving downtown for generations to come.”
According to officials from SummerHill Homes, a majority of the first buyers of the new homes — 80% — are first-time homebuyers, many of whom are from the East Bay and seeking to establish more permanent roots and transition from renting.
“The remaining 20% combines empty-nesters downsizing from neighboring East Bay cities and second-home buyers who frequently travel to the area,” SummerHill officials said in last week’s announcement.
One of those new homeowners is ShanShan Huang, who praised the project’s location and the buying process in last week’s announcement.
“We knew City Village was home for me and my husband,” Huang said. “We fell in love with the design, location to shopping centers, parks and proximity to schools. The City Village sales team has made the whole process so pleasurable.”
With the first two rounds of homes put on the market having sold out, the third round is set to be released this summer, according to SummerHill officials, consisting of detached three-story rowhomes, attached three-story townhomes, and detached single-family houses.
The interest list for the next phase of sales so far exceeds 3,700 people, SummerHill officials said, with close to 150 potential buyers having been pre-approved.
“These first home sales mark the start of something truly special at City Village, and we are thrilled to see our vision for this new community in San Ramon come to life, one home at a time,” said Chris Neighbor, SummerHill’s president and CEO.