SAN RAMON — Plans for a housing development in the Bishop Ranch neighborhood in San Ramon are progressing following a real estate firm’s purchase of the land needed for the project.
Van Daele Homes, acting through an affiliate, bought the site of a Bishop Ranch office building for $11.1 million, according to documents filed on Jan. 2 with the Contra Costa County Recorder’s Office. Van Daele Homes obtained a $10.3 million loan from Comerica Bank at the time of the transaction.
An affiliate of Sunset Development sold the property, county documents show.
Van Daele Homes intends to develop 64 townhomes on the 3.6-acre property near the corner of Annabel Lane and Norris Canyon Road, according to Alex Mehran Jr., president of Sunset Development…