The Arroyo Vista site in Livermore, long planned for residential, has a new owner.
Trumark Homes has scooped up theThe San Ramon-based developer paid roughly $75 million for 30 acres at 4696 Bennett Drive in Livermore, according to a source familiar with the property. The deal with sellerThe property was successfully entitled for 434 homes — a mix of townhomes and detached single-family homes —But SummerHill was not able to close a deal with Pell, Livermore Planning Manager Steve Stewart said Friday.
Pell could not immediately be reached for comment Friday. Real estate services firm Colliers, whose Michael Lloyd and John Steinbuch represented Pell, did not respond to request for comment. Neither SummerHill nor Trumark could be reached Friday. , the planning manager told me Friday.No building permits have yet been issued for the project.
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