Barker Pacific Group Builds 27 New Single-Family Homes in Novato

Model Homes To Open at Last Residential Development at Hamilton Field

Barker Pacific Group (BPG), the developer of the 450,000 square foot Hamilton Landing office park at the former Hamilton Air Force Base, has begun construction on a new 27 single-family home community at Hamilton.  The Landing at Hamilton is the last parcel zoned for residential development at Hamilton in Novato.  Due to substantial increases in affordable housing fees imposed by the City of Novato, along with recent sewer and water fee increases assessed on new home construction by the Novato utility districts, the project will quite possibly be the last single family detached home permits granted by the city of Novato for the foreseeable future.

The Landing at Hamilton, designed by award winning Oakland-based KTGY Group, will include three to five-bedroom homes ranging from 2,432 square feet to over 3,000 square feet.  Average lot sizes will be 5,500 square feet.  The community will include three staged models and offer four floor plans. The models are scheduled to open August 13, 2010, with the first homes ready to close escrow as early as September 2010.  Pricing for the homes will start in the mid-$800,000’s.

Architectural rendering

Bank of Marin, which is headquartered in Novato, provided construction financing for the project.  “As the top community and business bank in Marin, it is important for us to support the needs of our local community,” said Russ Colombo, President and Chief Executive Officer of Bank of Marin.  “We are proud to be the lender on this exciting new project in Novato.”  Securing the first round of funding has allowed the site work on the new streets, sewers and other utilities to begin.

Pacific Union International will market and sell the homes.  “We fully expect Novato to continue to outperform the rest of the Marin real estate market,” said Mark McLaughlin, President of Pacific Union International.  “And we are proud to partner with Barker Pacific Group on this unique Novato project.”

“The elevations and floor plans by KTGY are fantastic, as is the close proximity to Hamilton Field’s robust amenities,” said Kyle Frazier, Broker Associate at Pacific Union and Community Sales Director for The Landing.  “The Landing at Hamilton reflects exactly what buyers are looking for — well-designed homes in a wonderful community.”  Hamilton amenities include community parks, a newly renovated pool, Bay trails and parkways, a local YMCA facility, a branch of the Marin County Free Library, convenient shopping at the new Hamilton Marketplace, an art center with gallery and much more.

Michael Barker, Managing Director of BPG, said, “We’re very excited about having the opportunity to develop such a dynamic community in one of the most prestigious areas of California.  The property adjoins our 450,000 square foot office park, Hamilton Landing, and we expect a number of our buyers will include employees who work in the park.”  There are 1,200 employees at Hamilton Landing who work for Disney’s Imageworks Digital, 2K Games, Birkenstock and Marin IPA among others who have offices located in Hamilton Landing, all of which are next to the new community.

Additionally, the new home development will border the Bay Trail that runs along the Hamilton levee adjacent to the Bay wetlands restoration project – the second largest wetlands restoration project in the United States.  Some homes will have views of the wetlands.

Barker Pacific Group is a firm comprised of experienced real estate professionals active in asset management, acquisitions, and development of major commercial projects.  The company was founded 26 years ago to specialize in the development and acquisition of institutional quality office, retail, and residential projects in select U.S. cities.

BPG recently acquired the project known as Rowland Plaza in Novato.  Several of BPG’s other notable projects include: Hamilton Landing in Novato, 100 First Plaza in San Francisco, The Fine Arts Building, 626 Wilshire Boulevard and 5055 Wilshire Boulevard in Los Angeles and The Miami Arena and Columbus Center in South Florida.  BPG has offices in Los Angeles, Marin County and Phoenix.

For more information about The Landing at Hamilton, visit www.TheLandingNovato.com or call Kyle Frazier, Community Sales Director, at (415) 350-9440.