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9/22/25
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A joint venture between has acquired a 2.5-acre infill parcel in San Ramon for the development of Aria, a vibrant new neighborhood of 57 for-sale townhomes thoughtfully designed for modern living.
Located on Deerwood Rd, Aria will offer a collection of three- and four-story townhomes ranging from approximately 1.5k sf to 2k sf. The community will comprise 48 market-rate residences and nine affordable homes. The project’s site plan and design are led by R 3 Studios, with homes reflecting a modern craftsman architectural style and high-quality interior finishes.
Elevated within San Ramon’s rolling hills, Aria will offer sweeping views of Mt. Diablo. Its prime location provides residents with convenient access to top-rated schools as well as major transportation corridors, including I-680 and I-580, connecting to leading employment hubs and entertainment destinations across the Bay Area.
The site was purchased in an unimproved condition from The True Life Companies. With entitlements secured, land development is underway with vertical construction scheduled to begin at the end of Q4 2025. Home sales are expected to launch in Q1 2026, and community completion is anticipated by Q2 2027. Pricing is to be announced at a later date.
Aria marks IHP’s first new partnership with The Grupe Company in several years, building on a relationship that spans more than three decades and includes the entitlement and development of over 5,700 lots and 1,100 homes. This project also represents IHP’s first collaboration with builder Homes Built for America (HBFA).
“San Ramon is a highly desirable East Bay city recognized for its excellent schools, safe neighborhoods, and abundant outdoor recreation,” said Reneé McDonnell, Partner at IHP Capital Partners. “IHP is thrilled to re-connect with our long-time partner, The Grupe Company and collaborate with Homes Built for America to transform an underutilized site into an exciting new neighborhood of premium homes.”
“Aria will bring much-needed quality housing to the East Bay,” said Chris Bley, Co-President of IHP Capital Partners. “… By working closely with the seller to secure entitlements before closing, we ensured Aria was shovel-ready and we could get started quickly in delivering a vibrant new neighborhood for San Ramon.”
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