Located near the future BART Station; another Brentwood project from Tekin & Associates and Guardian Capital partnership; contribute $5,000 to Brentwood Regional Community Chest
Brentwood, California – June 10, 2021. Tekin & Associates and Guardian Capital are pleased to announce today’s official groundbreaking of the 288-unit luxury residential rental community, The Blossoms @ Brentwood, which offers a wonderful Craftsman Style architecture, modern one- two- and three- bedroom luxury apartment homes with car ports, garages, private patios, and exceptional interior finishes. A modern clubhouse complex with expansive mountain views, featuring a fitness center featuring the latest personal fitness equipment and an entertainment deck adjacent to a large swimming pool and spa, presents a resort-like, private amenity experience.
“We are extremely proud to bring such an amenity-rich, active lifestyle community to Brentwood,” stated Jim Previti, Founder and Chief Executive Officer of Guardian Capital. “The Blossoms represents the first of three luxury rental communities with aggregate project costs in excess of $300 million that we will deliver during the next year with our partner, Tekin & Associates.”
Guardian Capital is a privately-held real estate investment firm with a portfolio in excess of $1 billion primarily in the Western United States and has in excess of $1 billion of assets in various stages of development. Guardian currently operates more than 1,500 residential rental units and has more than 1,500 units under construction with an additional 2,500 units in its development pipeline. In the last three years, Guardian has delivered ten residential rental communities valued at more than $650 million. Based in Carlsbad, California with offices in Newport Beach and Sacramento, Guardian focuses primarily on the development and operation of institutional-quality multifamily communities, grocery-anchored retail centers and well-located office properties.
Tekin & Associates is a boutique commercial real estate firm focusing on real estate developments with fundamentally superior locations in mature markets with high barriers to entry.
“When we developed the General Plan, we had in mind that we could have a place for residents who were born here and left, that could come back and raise their families,” said Mayor Joel Bryant. “When we had the opportunity to partner with this project this is exactly the kind of project we envisioned. So, our students who go away to college can return and live here.”
“I’m excited about this project,” he added.
Developer Mark Tekin, of Tekin & Associates, which also has built the Shops @ Lone Tree Way between Highway 4 and Jefferey Way, shared his thoughts.
“About two-and-a-half years ago, we stumbled onto this project,” he said. “What has culminated here is a project that will fill a need for attainable housing.”
“We’re happy to be back in Brentwood as part of this Tekin community,” Previti added. “It’s a great project and a great location.”
“We build these, and we hold these, normally for 10 years,” Rich Alexander, Previti’s partner stated. “That makes us a part of the community.”
He then introduced Lill Pearce, president of the Brentwood Regional Community Chest, to whom Tekin and Guardian contributed $5,000.
“I’d like to thank everyone here for your generous donation to our organization,” Pierce said. “We provide Christmas meals and toys to children. We also help the community in emergency situations with food and clothing, as well.”
A ceremonial check was then presented to Pierce and the organization’s treasurer, Jane Rodriguez by Tekin and Previti.
That was followed by the ceremonial turning of the shovels of dirt by Tekin, Previti, Alexander and other Guardian team members, who were joined by Mayor Bryant, Planning Commissioner Dirk Zeigler, City Manager Tim Ogden and Police Chief Tom Hansen, to officially break ground on the project that’s already under construction, and ahead of schedule.
Completion of The Blossoms at Brentwood community, located on Shady Willow Lane, along the future Amber Lane extension, and next to Jeffrey Way, across Highway 4 from the future Brentwood BART Station, is expected to be in early 2023 with leasing to begin in July 2022.