SAN JOSE, Ca.—On Tuesday, The Pierce, a mixed-use, luxury apartment community targeting LEED® Silver certification, topped out onto its concrete podium deck. CBG Building Company (CBG) will soon begin the building's framing as they work toward the scheduled project delivery in the fall of 2016.

The Pierce will bring 232 market-rate rental apartments and 4,300 square feet of ground floor retail to San Jose's low-density, residential South of First (SoFa) neighborhood at the downtown's southern gateway. The seven-story community, which features two levels of secured garage parking, will feature resident amenities that include a fitness and recreation center, pool, and private rooftop deck with landscaped courtyard.

The sustainably designed community will feature low water use plumbing fixtures, continuous fresh air with advanced filtration, energy-efficient equipment, an enhanced building envelope, increased air sealing between units, EnergyStar® appliances, low-emitting interior finishes, low energy use lighting, and native low water use landscaping. Covered, secure bicycle storage with a bike repair facility will also be available to residents.

"The Pierce will soon become a landmark to San Jose's downtown skyline. Its proximity to highway 280 will mark the southern edge of downtown," said Jeff Smith, senior vice president with Sares Regis Group. "Its contemporary architecture and an art installation that includes a cloud of lights spilling over the roof line will create quite a buzz."

The Pierce will bring momentum to the emerging arts district and satisfy growing demand for transit-oriented, urban living in the area by transforming four parcels of land formerly consisting of parking lots and small commercial buildings. Accessible by light rail, the community will target urban, technology professionals in downtown San Jose and adjacent Silicon Valley.

"We are excited to partner with Sares Regis Group on The Pierce to deliver a thoughtfully designed and sustainable community to the SoFa District," said Michael Holk, senior vice president at CBG. "We look forward to providing desirable transit-oriented living where there are currently few high-quality offerings."

The Pierce is located at 60 Pierce Avenue, a short walk from San Jose State University and a variety of restaurants, entertainment, parks, and museums. The building's multifaceted architectural style features a textured, contemporary design that incorporates traditional elements reflective of the established single-family homes in the surrounding neighborhood.

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About CBG Building Company

Through a relentless pursuit of innovation, a steadfast commitment to quality, and active collaboration with clients, CBG has been delivering award-winning communities from coast to coast for more than 25 years. CBG's professional construction team builds more than 4,000 homes each year, providing high-quality, responsive service backed by a significant bonding capacity and national resources. CBG's experience spans a diverse portfolio of geographic areas and product types, including luxury, mixed-use, and affordable housing apartments, as well as campus housing, military family communities, and senior living facilities. Together, we draw on the knowledge gained through building more than 80,000 housing units since 1992. For more information, visit www.cbgbuildingcompany.com.

About Sares Regis Group of Northern California

Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, California. As leading developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and over 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. For more information, visit www.srgnc.com.