Velocity & Momentum – PACE Residential Development Opens
April 4, 2014
MILPITAS CA—Trumark Homes will hold a grand opening Saturday at its new eight-acre PACE development, which offers 134 homes for Silicon Valley’s young professionals, couples and growing families. The development will include two communities, Velocity and Momentum, offering a mix of detached single-family homes and attached townhomes with design features rarely found in their price range, including 10-foot ceilings, expansive windows and decks, and available bi-folding walls that bring the outdoors inside.
Trumark Homes developed the former commercial site in partnership with Resmark Land and Housing, a division of The Resmark Companies. PACE is the fourth Silicon Valley project that fast-expanding Trumark has acquired over the past year and the third to involve Resmark as a partner. Trumark has hundreds of homes coming to market over the next year and more than 3,600 more lots under control from Sacramento to the Silicon Valley.
“People are responding enthusiastically to the PACE neighborhoods because they offer strong promises of modern sensibilities with homes that capture the imagination, great amenities and outdoor spaces,” said Michael Maples, principal and co-founder of Trumark Companies and related entities. “The pace is picking up atVelocity and Momentum.”
PACE is designed to appeal to Silicon Valley single professionals, young couples, and growing and extended families seeking relief from the area’s expensive rental market.
Velocity and Momentum share common amenities that allow and encourage residents to gather and enjoy the outdoors. These include a playful and imaginative tot lot that includes a bubbling fountain, a patio area with a fire pit, and two outdoor kitchens. Momentum is offering 43 single-family three-story homes ranging in size from 2,225 to 2,489 square feet, and Velocity includes 91 single-family attached three-story townhomes ranging from 1,200 to 1,947 square feet.
“We choose the name PACE for this community – along with Velocity and Momentum – because the demographic we’re targeting accelerates life to the fullest,” said Mark Higgins, senior vice president of sales and marketing for Trumark Homes. “Velocity appeals to hard chargers and career-driven buyers who use home as a place to reward, renew and reacquaint. Momentum attracts families or people who need extra space for entertaining, hobbies or pets.”
Located at the northeast corner of Montague Expressway and Trade Zone Boulevard, the community is a 10-minute walk from the future Milpitas BART station and connected to a citywide trail system. It is near major Silicon Valley employment centers and located within the Milpitas Unified School District, which has consistently high API scores.