Trumark Closes Escrow On 7 Acres Of Borel Property

DANVILLE, CA — San Ramon developer Trumark Homes closed escrow on seven acres of the roughly 17-acre Borel property in Danville, a long vacant site that was once home to a walnut orchard.

The lot at the intersection of Fostoria Way and Camino Ramon operated as a walnut orchard owned by the Borel family for several generations, but fell into debt and disrepair following Armand Borel’s death in 2009, according to the East Bay Regional Park District and Pleasanton Weekly. While Trumark will develop seven acres into an 124-unit condo development, EBRPD will turn the remaining 10 acres into an agricultural learning park with trails, open space, and information on the area’s agricultural history, fulfilling the wishes of Armand Borel.

The community will feature 124 market-rate townhomes in 15 three-story buildings, ranging from 1504 to 1802 square feet, according to Trumark Homes. Amenities will include a pocket park with children’s play areas, outdoor dining areas, walking paths, recreational games, and a dog park.

The Danville Planning Commission approved the project in January by a vote of 6-1, following over two years of deliberation and studies. Trumark purchased the seven acres in March for $32 million.

“I am proud of the dedication and discernment our team put forth throughout this process. Working closely with the City of Danville, the East Bay Regional Park District and other members of the community, they saw the project through to closing,” Tony Bosowski, Northern California Division President at Trumark Homes, said in a statement.

“The sale of the property is a major step that lets us move forward in providing public access to the future park, which we expect will be both a local and regional asset,” said EBRPD Director John Mercurio. “Obtaining the Borel Property and opening it up for public access and agricultural interpretation and education has been a longtime goal of the Park District and my predecessor on the Park District Board of Directors, Beverly Lane.”