News

 Sacramento Business Journal

Two housing projects with affordability components are getting underway in two different Sacramento region cities. 

Anton DevCo Inc. announced breaking ground this week on Axis@Davis, a 200-unit project at 2555 Research Park in Davis. And San Rafael-based EAH Housing has received a demolition permit for a planned 140-unit project at 19th Street and Broadway in Sacramento. 

Lookout Santa Cruz

New residents will start moving into at least three new downtown Santa Cruz apartment buildings in 2024, and the crack of demolition of what’s next will be in the air. First, there’s the new Anton Pacific, Pacific Station South, Pacific Station North, the Cedar/Center project — and then there’s the Riverfront, Five 30 Front, the Cruz Hotel and a riverwalk all in the planning. Here’s a view of what’s going way up.

Builder and Developer Magazine

Anton DevCo today announced the opening of Anton Aspire, a new 317-unit transit-oriented apartment community located at 1828 S. Milpitas Blvd in Milpitas.

The Registry

Anton DevCo, today announced the opening of Anton Ladera, a new 144-unit apartment community located in Mountain View.

Silicon Valley Business Journal

Apartment developer and owner Anton DevCo has disclosed plans for a new apartment complex in downtown Santa Cruz that is slated to break ground early next year.

Bisnow

The new decade means new ownership for one of California’s fastest-growing multifamily developers.

Multi-Housing News

Located in Walnut Creek, Calif., Anton DevCo’s project will include 135 residential units and 9,000 square feet of retail.

MultifamilyBiz

Anton DevCo has begun construction of Anton NoMa, a 135-unit mixed-use development located at 1910 N. Main Street, Walnut Creek. A groundbreaking event was held, with catered lunch provided by the Fuddruckers restaurant, and attendees included the Mayor of Walnut Creek, Cindy Silva, Walnut Creek City Manager Dan Buckshi, City staff and other Anton partners for the project.

Sacramento Business Journal

Real estate and development wasn’t Trisha Malone’s first career choice. And at least once, she walked away from the industry entirely.

But nearly 20 years after she moved into that field, Malone is still at it as Anton DevCo’s chief investment officer.

Multifamily Executive

A site in central Oakland, Calif., that used to host an auto body repair shop is now center stage for the construction of a 91-unit boutique apartment community that will be branded as Anton Edge. Anton DevCo, based in Pleasanton and Sacramento, Calif., has partnered on the project with Architecture Design Collaborative, which has offices in Laguna Hills and Arvada, Colo.

San Francisco Business Times

The idea of combining high density housing and destination retail is materializing. One such project, Hanover Co.’s seven-story, 255-unit apartment tower at 2630 Broadway, is slated for completion in 2019 with a 33,000-square-foot, small-concept Target store on the ground floor.

On another nearby site, at 295 29th St., Anton DevCo plans to start construction early next year on a 91-unit boutique apartment building.

San Francisco Business Times

Walnut Creek continues attracting new housing developments near the city’s BART station.

Next year, Anton DevCo plans to start construction on a 135-unit apartment building and 10,000 square feet of retail two blocks from the station on the site of a current Fuddruckers Restaurant.

Sacramento Business Journal

Apartment and multifamily housing developer Anton DevCo Inc. has moved its headquarters to the Ice Blocks development in midtown Sacramento.

Steve Eggert founded Anton DevCo in 2014 and was previously the co-founder of the development company St. Anton Partners. Over the last 23 years with the two companies, Eggert has helped develop 60 apartment communities with over 9,000 units.

Connect California

Anton DevCo secured $121.7 million for the development of Anton Milpitas 730, a 266-unit, Class A multifamily community with 1,800 square feet of retail in Milpitas, CA. The project is located on 3.34 acres at 730 E. Capitol Ave., directly across from the nearly-completed Milpitas BART station.

Anton Development Company commenced construction on Anton Mountain View, a luxury apartment community in Mountain View, CA. The contemporary-style project, at 394 Ortega, features 144 apartment homes, with initial move-ins anticipated in fall 2019.

Anton DevCo’s Andrew Baker says, “Anton Mountain View will provide new residences in the heart of the City, close to jobs and transit. We plan to be part of this community long term and view this as a partnership.”

The site is within a block of San Antonio Center’s restaurants, nightlife options, and shopping, as well as Klein Park and several public transportation options.

Anton Breaks Ground In Mountain View

Construction has begun on 317 luxury apartment units in Milpitas, the first phase of a planned high-density community of 583 units by Anton Development Co.

It’s part of a much larger conversion of what once was 437 acres of industrial land around the Great Mall into more than 7,000 residential units near the Montague light-rail station called for in the city’s Transit Area Specific Plan.

That station is being linked by an overhead walkway to the new Milpitas BART station, which is nearly completed and expected to begin service in the first half of 2018.

Congratulations Anton Arcade

Nearly 600 BIA members turned out for the annual awards gala and to say that it was a fun event would be an understatement! Our emcee, ABC10 anchor Megan Telles, ran the show smoothly and was a hit with all of our guests. MAME is always a wonderful evening because it celebrates the very best in our industry and, like each year, there is much to be proud about. So, congratulations to this year’s finalists and winners.

BIA MAME

Anton Arcade, located in Arden Arcade is a finalist for the North State Building Industry MAME 42 Multi- Family Community of the Year. Anton would like to thank everyone for their hard work, passion, and perseverance that made this community possible.

IRVINE – A brand new 256-unit affordable apartment complex with a resort-style pool, fitness center and dog park has opened in the developing Portola Springs community.

The rent price at Anton Portola is $876 per month for a one-bedroom apartment and $1,050 for two-bedroom, compared to the average asking rent of about $1,800 for apartments in Orange County.

Still, Anton Portola has exterior and amenities that make it indistinguishable from market-rate apartments, said Andy Davidson, vice president of construction for Anton Development Co., which built and manages the property.

Sometimes, the old saw about a guy who starts running errands for a company but eventually becomes the boss isn’t just a saw.

Take for example Andy Davidson, now vice president of construction at Anton Development Co. While still attending California State University Sacramento, he interned with Anton’s Sacramento office, getting lunches and performing other grunt tasks.

That was in 2005. Two years later, Davidson had a job waiting for him when he graduated. A decade later, he’s the company’s vice president of construction and board chairman for the North State Building Industry Association.

Virgin Hotels, Sir Richard Branson’s lifestyle hotel brand, is expanding to the West Coast.

The company, part of the Virgin Group, announced today that it will open and operate a property in Milpitas, Calif., in Silicon Valley.

The hotel will be part of a residential and retail complex called The Fields that broke ground in November 2015.

Multifamily developer Anton DevCo announced today the Mountain View City Council has formally approved a new residential community located at 394 Ortega Avenue. The approval came at the September 20 meeting of the Council with a unanimous vote in favor of the development.

A residential project is underway in the planning process to add 250 units of housing at 801 Brewster Avenue in Redwood City. Foster City-based Anton Development Co. has submitted a formal application and is working with Architecture Design Collaborative, civil engineer Kier & Wright, and MJS Landscape Architecture to provide an amenity-filled housing complex that also features 50 units of very affordable rental homes. The project, named Anton Redwood, is situated within walking distance of the Redwood City Caltrain Station, retail, services and parks, and falls within the Downtown Precise Plan. The project’s 200 market-rate units are the last units allocated by the Downtown Precise Plan for the plan area.

For those who live near the two South Bay BART stations now under construction — one at the intersection of Montague Expressway and East Capitol Avenue in Milpitas or at Berryessa — BART’s extension is airborne dust and dirt, giant piles of both, and growing concrete shapes.

SAN JOSE, Calif.—As Silicon Valley swelled with technology jobs for much of the past half-century, the city of San Jose was happy to serve as its bedroom community, blanketing vineyards and plum orchards with homes until it became the nation’s 10th-largest city.

But all that building has taken a toll, leaving this city of roughly one million people low on land and fiscally stretched. Now, grappling with soaring housing costs thanks to the region’s continued job growth, city officials are criticizing neighboring cities for failing to create enough housing of their own even as they continue to cut ribbons on new office buildings.

A new 582-unit multi-family development located a stone’s throw away from the pending Milpitas Bay Area Rapid Transit advanced last week.

Milpitas Planning Commission voted 7-0 May 11 to recommend approving a site development permit for Foster City-based Anton Development Co. LLC’s apartment complex, at 730 and 750 East Capitol Ave., that will include two multi-story, mixed use apartment buildings. The still under-construction Milpitas BART Station will be located across the street from the project, at 555 E. Capitol Ave., when it opens in fall 2017.

Land, the centre of the pre-industrial economy, has returned as a constraint on growth

THE history of economics has been, among other things, a story of learning to care less about land. The physiocrats of 18th-century France saw it as the primary guarantor of wealth. Adam Smith included it alongside labour and capital as one of the three factors of production that combined to generate output. A little later Thomas Malthus saw its innate scarcity as ensuring eventual catastrophe in the face of exponential population growth.

The Economist

Poor land use in the world’s greatest cities carries a huge cost
Apr 4th 2015

BUY land, advised Mark Twain; they’re not making it any more. In fact, land is not really scarce: the entire population of America could fit into Texas with more than an acre for each household to enjoy. What drives prices skyward is a collision between rampant demand and limited supply in the great metropolises like London, Mumbai and New York. In the past ten years real prices in Hong Kong have risen by 150%.

TUSTIN, Calif. (April 3, 2016) — One year ago, Lisa Wehrly opened the door to her new affordable-housing apartment and wept.

“Even now, I get emotional,” says the disabled medical staffer.

She’d watched the Anton Legacy apartment homes being built across the street from her studio apartment, and hoped to qualify. When they opened in April 2015, she was offered a one-bedroom unit.

“I walked in, and everything was so beautiful,” says Wehrly, 50, who lives on a limited income. “I actually started crying.”

Anton Legacy provides residents of Tustin with 225 affordable housing apartments, including 161 units for those making up to 60 percent of the area’s median income.

These apartments are just one example of affordable housing that Irvine Company has helped build from San Diego to San Jose, including more than 4,000 affordable units in Irvine.

The company teamed up with the group that is now Anton Development Co., and the City of Tustin to build Anton Legacy.

Congratulations Anton Development Company for ranking #16 in Affordable Housing Finance Magazine’s Top 50.

Silicon Valley Business Journal

Steve Eggert, president of Anton Development Co., knows there are a lot of new residential units coming online in Milpitas.

That might scare off some multifamily developers worried about oversupply. But Eggert sees something else going on: a once-in-a-generation opportunity, spelled B-A-R-T.

Sacramento Business Journal

A judge has dismissed a lawsuit that attempted to stop an affordable apartment project in Arden-Arcade.

In a tentative ruling that became final last Friday, Sacramento County Superior Court Judge Christopher Krueger said the county was justified inapproving the project without a full review under the California Environmental Quality Act.

The Registry SF

The Bay Area is perhaps the West Coast’s most important region. And according to some, it is California’s economic engine, and one of the main reasons the state is in the black.

“Our economy is driving the economy of the state. The reason why the state has a budget surplus is because of the economy of the Bay Area,” said Matt Regan, senior vice president of public policy with the Bay Area Council.

Connect Media: CRE

Anton Development, a 20-year-old firm with experience in affordable and market-rate multifamily housing, is boosting its platform around the Bay Area and looking for more development opportunities. Right now, the firm, which is moving from Sacramento to San Francisco early this month, has 1,000 units in predevelopment and is actively looking around the Bay Area, as well as areas in Southern California build projects.

The Orange County Register

Take the 225-unit Anton Legacy apartments in Tustin, which just opened between the Tustin District shopping center and the historic blimp hangers. The story of its creation is a good example of the challenges – and ingenuity – that go into creating local housing with decent rents.

San Francisco Business Times

Developer St. Anton Partners has secured a $96 million construction loan and started construction on a 394-unit apartment complex near the Facebook campus in Menlo Park, the biggest multi-family project in the city in decades.

The Wall Street Journal

Facebook Inc.’s sprawling campus in Menlo Park, Calif., is so full of cushy perks that some employees may never want to go home. Soon, they’ll have that option.

The social network said this week it is working with a local developer to build a $120 million, 394-unit housing community within walking distance of its offices. Called Anton Menlo, the 630,000 square-foot rental property will include everything from a sports bar to a doggy day care.

SF Gate

Facebook is in the housing business.

The social network giant has partnered on a new, 394-unit apartment complex to be built “within walking distance” of its headquarters and campus in Menlo Park.

For Menlo Park, the financial beating heart of Silicon Valley, the complex…

The Orange County Register

Three companies have deals with the city to build homes on the former Marine base, adding to the nearly 4,200 homes already on the base land, said executive coordinator Stephanie Najera in an email.

Standard Pacific was given city approval in July to build nearly 375 new homes northeast of…

Silicon Valley Business Journal

Four years after closing on its first Bay Area property, Sacramento-based multifamily developer St. Anton Partners now counts roughly 1,200 units in the Silicon Valley pipeline and another 1,000 in the broader Bay Area.

The latest to break ground: Anton 1101, a 97-unit infill project at 1101 North Fair Oaks Ave. in Sunnyvale that…

Napa Valley Patch

135 new apartments to be constructed, and new route to Silverado Trail for motorists.

Construction is underway in southeast Napa as a new apartment complex is being built, along with another route for motorists to get to Silverado Trail.

The work is happening on the Trail where…