
Expanded Milpitas Residential Parcel Sells to Toll Brothers
The True Life Companies (TTLC) has sold South Main Street and Panchal Assemblage to Toll Brothers. South Main Street is a 2.35-acre parcel in Milpitas, a growing city with the highest tech employment per capita in the area.
The proposed plan for the property is to bring new, market-rate housing to Milpitas: a total of 57 townhomes. The original proposal of 41 townhomes was amended by TTLC to include the addition of 16 residences by incorporating unused acreage from an adjacent lot.
“We identified Milpitas as an ideal city for TTLC to repurpose obsolete commercial property to help satisfy the need for new housing and we’re thrilled to play a role in positively impacting this rising community,” said Scott Menard, EVP at TTLC.
Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.
- ◦Sale/Acquisition
- ◦Development