Housing project moves on with San Ramon property deal at Bishop Ranch

SAN RAMON A Florida real estate firm has bought a San Ramon office hub in a deal that advances plans to reimagine the Bishop Ranch office complex as a lively mixed-use neighborhood Millrose Properties acting through an affiliate paid million to buy a three-building office complex in San Ramon according to documents filed on April with the Contra Costa County Recorder s Office -unit residential project at Camino Ramon in the Bishop Ranch neighborhood of San Ramon site plan Von Dorn Abed Landscape Architects The deal is one of an array of endeavors that together are poised to produce a wide-ranging transformation of Bishop Ranch into a neighborhood of homes shops restaurants office buildings entertainment hubs hotel facilities and open spaces On March KB Homes completed a deal to pay million for a trio of office buildings at Camino Ramon where KB intends to build residences county documents show Camino Ramon an office complex within the Bishop Ranch mixed-use neighborhood in San Ramon is shown within the outline Boundaries are approximate A portion of the Iron Horse Trail is visible to the right Google Maps As for the early April property deal Trumark Homes is planning to develop residences on an -acre site at Camino Ramon documents on file with San Ramon city planners show Florida-based Millrose Properties is a real estate firm that provides homebuilders such as Trumark Homes with a reliable flow of capital to bolster their efforts to develop residential projects Trumark Homes intends to develop attached townhomes and single-family residences at the office hub site which is Bishop Ranch The property deal is the latest key milestone in the ongoing efforts to add thousands of residential units to the Bishop Ranch neighborhood a mixed-use office housing restaurant retail entertainment and hotel complex near the interchange of Interstate and Bollinger Canyon Road These efforts are intended to dramatically transform Bishop Ranch from its original status as an office park The first residential advance added about home sales in deals that have brought hundreds of people As several as homes could be built at Bishop Ranch as the transformation of the business hub plays out according to Sunset Advance One of the more striking examples of the transformation of Bishop Ranch occurred when Chevron agreed to sell its vast headquarters campus to Sunset Advance An affiliate paid million to buy the -acre property The changes are poised to be dramatic enough that once the housing is complete Bishop Ranch could accommodate to residents within its boundaries according to estimates provided by Sunset Improvement Bishop Ranch is evolving into a vibrant walkable mixed-use district combining residential commercial and office uses San Ramon planning documents show This evolution could be the work of decades Over the next years Bishop Ranch s residential plan is to set the standard for creating a walkable downtown in a suburban area accoridng to city planning files