BTR Global News Build to Rent (BTR)

Construction for The Grant is underway

Construction for The Grant multifamily scheme has begun – and it will see two buildings spanning two adjacent blocks in downtown Concord, US.

International real estate firm, Hines and investment partner MetLife Investment Management have announced the start of construction of The Grant – consisting of 228 luxury apartments. Hines and MetLife have partnered on other projects and this marks the continuation of their history of successful partnerships.

The Grant comprises of two buildings separated by Clayton Road, with the north side building consisting of 139 apartments with ground floor retail, and the south building consisting of 89 apartments. The Grant will have a mix of studio, one- and two-bedroom apartments which range from 506 to 1,211 square feet – with high-end finishes and thoughtfully designed floorplans. Amenities include a swimming pool, roof deck, clubhouse, fire pits, bicycles parking, spaces for dogs, an outdoor fitness area and 328 parking spaces.

The Grant - street view
The Grant – street view

“Today marks an exciting milestone for The Grant and we are thrilled to expand our multifamily portfolio in Concord. With its excellent amenities and irreplaceable location, The Grant will set a new standard for living in the East Bay.” 

George Clever, Senior Managing Director, Hines

The two buildings will span two adjacent blocks in downtown Concord – and is conveniently located one block from Concord BART station and Todos Santos Plaza, the commercial and historical heart of Concord. The Grant is within walking distance of many retail options and over 30 restaurants.  There is also good access routes to the East Bay and San Francisco, as the site is centrally located at the intersection of I-680 and Highway 242.

The Grant
The Grant

Hines has an experienced team for The Grant – including Architects Orange, design and landscape architects; Haven Design Studio, interior design; and Brown Construction, general contractor. Due to the coronavirus pandemic and through Brown Construction’s leadership, the on-site team are taking all necessary safety measures into consideration as part of the construction process.

This project is due for completion in the later part of 2022 and leasing is due to begin in April 2022. Hines recently also launched its first Build to Rent scheme in Europe, as they continue to expand their portfolio in the residential sector.

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