Gilroy Is
Growing!
T
wo of the larger housing develop-
ment projects, Glen Loma Ranch
and The Heartland, are bringing
close to 1,900 new residential units to the
southwest area of the City by 2020. Both
projects are well underway, with both
aiming to move families in by the end
of this year.
The Glen Loma Ranch project was
approved for up to 1,693 total homes,
which will be
divided into
17 distinct neighbor-
hoods. The project area
consists of 359 acres,
and is bound by Uvas
Creek to the north and
Santa Teresa Boulevard
to the south. This area
includes 145 acres of
parks and open space,
with an extensive
trail system linking
the neighborhoods and a town center
component. Phase 1A is being carried out
by Standard Pacific Homes & Brookfield
Homes, which encompasses four neighbor-
hoods consisting of 274 homes. Standard
Pacific has assumed the responsibility of
“master developer” of Phase 1A, and will
complete the public park and trails within
Glen Loma Ranch, as well as the improve-
ment of the Santa Teresa Boulevard/Miller
Avenue intersection. Standard Pacific has
stated that the intersection will be changed
to a roundabout intersection, similar to the
Thomas Road/Luchessa Avenue intersection
that was recently completed.
Standard Pacific will build 146 of
the initial 274 homes, in two neighbor-
hoods identified as “Vista Bella” and
“Zinfandel.” The typical lot sizes of the
94-lot “Vista Bella” neighborhood are 45
’x 90’ and conceptual home sizes may
range from 2500-3100 ft2. Typical lot
sizes for the 52-lot “Zinfandel” neighbor-
hood are slightly larger at 55’ x 100’,
with conceptual home sizes of 3300-3800
ft2. Site production for Standard Pacific
has already begun, with infrastructure,
park and trail improvements continuing
throughout the year.
Brookfield’s “Mataro” neighborhood
includes 51 lots averaging 7000 ft2, with
homes ranging from 3200-3700 ft2. The
“Ambrosia” neighborhood contains the
remaining 77 lots, which will have homes
in the range of 2100-2500 ft2 on 4000
ft2 lots. Brookfield plans to have homes
available for sale in the third quarter of
this year, with models opening at that
time.
The Heartland Project, by Meritage
Homes, will consist of 186 homes adjacent
to the Uvas Creek Preserve, in the area
west of Santa Teresa Boulevard and south
of Hecker Pass Hwy. Meritage will be
building nine floor plans in this gated
community, which is roughly 45 acres
worth of housing sites and will include
walking trails and a park. Construction of
the first phase, encompassing 30 homes,
will begin in January 2015, with the first
models opening in early March. Home
sizes range from roughly 1900-3000 ft2,
with a price range of $565,990-$703,990.
Article & Stats Provided By:
Marta Dinsmore, Realtor
Intero Real Estate Services
MartaDinsmore.com
408.840.7420
DRE #01352339
Sean Dinsmore, Realtor
Intero Real Estate Services
DinsmoreThePowerOfTwo.com
408.840.7327
DRE #01966405
August 1, 2014 thru October 31, 2014
Total Listings
November 1, 2014 thru January 31, 2015
59
Short Sale
42
2
Average List Price
0
$874K
Average days on market
$949K
57 42
Closed Sales 131 129
Short Sale 5 5
Average Sales Price $655K $677K
Average List Price $663K $677K
Average Days on Market
G M H T O D A Y M A G A Z I N E
49
MARCH / APRIL 2015
50
gmhtoday.com
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