National homebuilder Taylor Morrison has recently acquired a number of plots in Dublin’s Francis Ranch area. The firm hopes to break ground on construction as early as this summer to begin welcoming buyers as soon as possible, representatives said.
The Arizona-based company purchased “Neighborhood 4” (out of six) located on the west side of the development. Once the project is complete, the developer expects it will contribute 85 homes to the Francis Ranch master-planned community.
“Dublin has become one of the fastest-growing markets and a highly desirable area for buyers looking for reasonable commutes, high-ranking schools, convenient transportation access and nearby dining, shopping and entertainment options,” said Erin Kristick, Taylor Morrison communications director. “We are thrilled to grow our footprint in the East Bay while sharing our trusted brand, high-quality product and exceptional customer service with residents in the area.”
The Francis Ranch development at 4038 Croak Road, originally approved in 2021, will feature six separate neighborhoods.
“Planned amenities will include open space, parks and trails, and upon completion, the masterplan community will have more than 570 homes. Taylor Morrison sales are expected to begin in late 2024,” Kristick added.
The entire site is expected to include 573 homes and two public parks.
San Ramon-based developer Trumark Homes initially bought the property for $164 million with a plan to construct the over 550 homes. Trumark then sold the 85 lots in question to Taylor Morrison in a recent deal whose terms were undisclosed.
“As a publicly traded homebuilder, we do not provide specific pricing details on community transactions,” Kristick said on this matter.
The site is part of the Croak property, named after its previous owner.
Kristick said Taylor Morrison became interested in the Francis Ranch lots due to Dublin’s many advantageous elements.
“Located in a highly desirable area for buyers seeking homes within reasonable commuting distance to major employment centers, this new community will be accessible to Interstate 580 and 680 as well as the Dublin-Pleasanton BART Station,” she said.
The homebuilder has overseen a number of noteworthy developments across the globe, including Main Street U.S.A at Disneyland Paris and projects at London Heathrow Airport.
Taylor Morrison said it plans to break ground on Francis Ranch as early as summer 2024 and expects its portion of the site to be the first of the six Francis Ranch neighborhoods to be completed.
Trumark expects its remaining neighborhoods to open in early 2025.
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