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December 11, 2019
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BAY AREA NEWS
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Draftsmen & Craftsmen

5/28/19

In a construction milestone at a new residential rental development in Danville, framing has begun on the Alexan Downtown Danville, a 144-unit luxury community within walking distance of Danville’s Historic Downtown District. The $90 mil apartment project is a development of Trammell Crow Residential (TCR).

The project, situated on 3.75 acres at 375 Diablo Rd at the intersection with I-680 in Contra Costa County, is scheduled for completion in summer 2020. Alexan Downtown Danville will offer convenient access to I-680 Fwy and the East Bay’s major job centers as well as the Walnut Creek BART Station, just eight miles north from the site.

Danville’s community of nearly 48,000 people provides a small-town atmosphere, with highly regarded schools and an outstanding quality of life. Furthermore, Danville was once again named the safest city in the state of California, according to SafeWise, an online safety resource, which analyzed the state's communities to find the 50 safest cities.

“This is the first apartment development of scale that has been approved by the Town of Danville in decades,” said TCR’s Senior Managing Director Bruce Dorfman. “Danville is one of the East Bay’s most prestigious and supply-constrained communities. The existing apartment stock is very limited and does not contain any Class A product and, with an average vacancy of 1%, renters have very few options. Pair that with the lack of affordability of for-sale housing, and Alexan Downtown Danville will provide a favorable option for first-class living in a highly sought-after, walkable downtown location.”

According to Dorfman, TCR is working with the Town to build a pedestrian bridge over San Ramon Creek to provide a direct link from the new apartment community to Danville’s Historic Downtown District, the public library, Danville Community Center, quality schools, and other public amenities. Residents will also have convenient access to shopping, restaurants, services, entertainment, museums and parks, making this site an ideal location for individuals as well as families.

The apartment community’s amenities include a clubhouse with a lounge, conference room and business center, state-of-the-art fitness center, and a package concierge. Outdoor amenities include a resort-style pool and spa, fire pit, an outdoor kitchen, grill stations and dining area, a children’s play area, pet park, and vista overlooking the adjacent San Ramon Creek. Alexan Downtown Danville will also have gated, private subterranean parking with electric vehicle charging stations.

The unit mix consists of a wide variety of floor plans including studios, one-bedroom, two-bedroom and three-bedroom apartments and townhomes, ranging in size from approximately 500 sf to 1.6k sf. Over half of the units will offer two- and three-bedroom configurations, which is not typical of apartment communities.

TCR’s equity partner for the Alexan Downtown Danville is Barings Real Estate Advisers and the construction lender is Wells Fargo. LCA Architects is the project architect; Gates + Associates is the landscape designer; and Carlson, Barbee & Gibson is the civil engineer.






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