Tuesday, January 17, 2006

Triad selects well-known homebuilder D.R. Horton for Vallejo project

January 14, 2006

Triad selects well-known homebuilder for Vallejo project

By Christine Cube

VALLEJO - Developer Triad Communities has chosen D.R. Horton to build hundreds of residential units for the first phase of Triad's downtown Vallejo revitalization project.

The development received municipal approvals in September and is expected to transform Vallejo's central core into a vibrant economic, cultural and social center.

Triad officials cited D.R. Horton's extensive homebuilding experience as key to the selection. The company is among the nation's largest homebuilders.

Triad Communities President Fred Grimm said D.R. Horton's homes will be an "integral component of our efforts in downtown Vallejo."

"As a homebuilder, D.R. Horton has an outstanding track record in developing a very creative mix of housing in urban areas," Grimm said, in a release. "We're looking forward to a strong partnership that will result in a unique and refreshing downtown that reflects both Vallejo's historical legacy and its exciting future."

Triad designed a live-work environment for downtown Vallejo that integrates sidewalk-level retail with residential units above.

The first building on Virginia Street consists of 150 condominiums, live-work units and retail. The six-story structure features underground parking, European-style public paseos and gardens. Construction of the facility is expected to begin in April.
Seattle-based Triad Communities first established a presence in Vallejo in 1998, when the company assumed a controlling interest in Hiddenbrooke, an 1,100-home master-planned golf course community.

Through Triad Downtown Vallejo LLC, the developer's plans cover 12 square blocks of the city, an area bounded by Sonoma Boulevard and Maine, Santa Clara and Capitol streets.

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