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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).