SummerHill Homes in the News

The Silicon Valley Business Journal this week writes about upcoming SummerHill Homes plans in the valley, and the article is worth sharing.

The largest piece of undeveloped land in Las Gatos has been eyed hungrily by developers for years, for its location and because there is so much demand in the area. Finally, after much debate, the area is being developed. A company out of London, called Grosvenor Americas, went into contract with the area’s largest landowner in 2010. In April, the project became a partnership with us at SummerHill Homes and affordable housing developer Eden Housing.

An aerial map of the “North 40” area of Los Gatos. The outlined area is the planning zone; the darkened piece is the land under contract to Grosvenor. The town is currently considering approval of the new specific plan for the area, but the Grosvenor proposal looms large over the process. – Courtesy of Silicon Valley Business Journal

The process won’t be huge, but it will provide much needed new housing in an area with a serious limitation of available homes in a thriving economic environment. And we’re pleased about the partnership and potential.