Residential Boom in Walnut Creek
May 11, 2016 01:44PM
● By Cale Finta
RESIDENTIAL BOOM IN WALNUT CREEK
Shopping and dining abounds as rents soar
While commercial construction projects like Broadway Plaza get the public’s attention, intensified residential development is also happening at a rapid pace. Factors creating the current housing boom, particularly apartment growth, point toward the need for places for people to live that are central, offer a sociable lifestyle, are more compact, more walkable and richer in transit. Developers are banking on the pent up demand for urban/suburban housing and charging a premium for rents. Apartment leases in the new communities run $2500-$5500 per month.
BRIO Civic Drive: 300 unit complex, 1 and 2-bedrooms with parking for 468 vehicles. A central courtyard features a pool, spa, and outdoor dining areas. The clubhouse includes a media room, lounge area and rooftop outdoor terrace. Currently Leasing
ASCENT North Main Street: 126 studio, 1 and 2-bedrooms with 167 parking spaces. Amenities include a roof terrace, pool, fitness center, wine lockers, BBQ area and a pet run. Currently Leasing
ARROYO Civic Drive and Arroyo Way: 100 studio, 1 and 2-bedroom apartments with 134 parking stalls. Other amenities include a rooftop lounge with pool, an outdoor theater, cabanas, multiple fire pits, a fitness center and game room. Currently Leasing, project close to completion
AGORA Newell Avenue: 49 two-bedroom two-bath apartment flats and townhomes with two levels of underground parking totaling 239 spaces. Ground floor tenants include Starbucks, Ameritrade, Kona Grill, and California Pizza Kitchen. Project close to completion.
LYRIC North California at Bonanza and Locust Streets: 165,000 square-foot mixed use development consisting of 141 residential units, 19,000 square feet of ground floor commercial space, and 210 parking stalls. Expected completion Fall 2016
LANDING APARTMENTS Ygnacio Boulevard 178-unit apartment complex will feature cutting-edge amenities: a sky-deck yoga studio, community roof-top garden, an outdoor movie theater and resort-style pool. Designed as a commuter complex, the building will offer 223 parking stalls at an additional cost to the rent, expected to run on average $2,000 to $3,000 per month. Under construction
BART TRANSIT VILLAGE Walnut Creek Station: A proposed 600-unit apartment complex with parking for 775 vehicles, in addition to the 850 spaces available for BART parking, and 21,950 square feet of commercial space. Once approved, construction at the Walnut Creek Bart Station is expected to happen in three phases.