City Ventures Offers Below-Market Homes at Cherry Blossom Row Richmond
City Ventures, widely recognized as California’s leading builder of solar-powered, environmentally responsible homes, has announced an exciting collaboration with the City of Richmond. Through this partnership, five residences within the newly developed Cherry Blossom Row community will be designated as Below Market Rate (BMR) homes. This initiative represents a significant step toward increasing access to sustainable, high-quality housing for qualified first-time buyers in the East Bay.
Cherry Blossom Row is more than just a housing project—it’s a forward-thinking community designed to blend modern convenience, environmental responsibility, and vibrant neighborhood living. “Cherry Blossom Row is one of our most exciting new developments to date,” said Natasha Zabaneh, President of City Ventures. “Its prime location makes it a top choice for many buyers looking to set roots in the East Bay area. We’re especially thrilled to offer this unique Below Market Rate opportunity for qualified first-time buyers.”
Prime Location in the Heart of the East Bay
Set in a coveted East Bay location, Cherry Blossom Row offers easy access to some of Northern California’s most desirable destinations. Residents are just a short drive from the scenic vineyards of Napa and Sonoma counties, the coastal beauty of Marin, and the bustling cultural and economic centers of Oakland and San Francisco. Convenient access to bridges, ferries, and freeways ensures that commuting or weekend getaways are as simple as they are enjoyable.
For nature enthusiasts, the surrounding region is rich in outdoor activities. Expansive regional parks, winding hiking trails, and serene picnic areas are all within reach. From enjoying the coastal views along Point Isabel to hiking in Wildcat Canyon or cycling the Bay Trail, the area provides ample opportunities for residents to maintain an active, outdoor lifestyle year-round.
Thoughtfully Designed Below Market Rate Homes
The Below Market Rate homes at Cherry Blossom Row are priced at $555,150, with a monthly homeowners association (HOA) fee of $254. Each home offers approximately 1,318 square feet of thoughtfully designed living space, ensuring comfort and functionality for modern families.
The homes feature three bedrooms and three full bathrooms, making them ideal for growing families or those who frequently host guests. Two-car garages provide secure parking and additional storage. Inside, the open floor plans promote a sense of spaciousness, while carefully considered design choices maximize natural light and energy efficiency.
One of the standout features of these homes is their gourmet kitchens. Each kitchen is equipped with stainless-steel, energy-efficient appliances that not only enhance cooking performance but also reduce environmental impact. Large kitchen islands provide additional workspace for meal preparation and serve as a focal point for entertaining.
The living areas extend seamlessly to spacious outdoor decks off the great room—perfect for hosting friends, enjoying morning coffee, or unwinding at the end of the day.
Luxurious and Functional Bedrooms
The primary suites have been designed as peaceful retreats, offering spa-inspired bathrooms, generous storage solutions, and not just one, but two walk-in closets. The combination of luxury finishes and practical design ensures that these spaces meet both comfort and functionality needs. Secondary bedrooms are equally well-appointed, each featuring en-suite baths for added convenience and privacy—ideal for family members or long-term guests.
Built for Sustainability and Smart Living
Every home in Cherry Blossom Row reflects City Ventures’ commitment to sustainable, forward-looking homebuilding. All-electric construction eliminates the reliance on natural gas, reducing carbon emissions and improving indoor air quality. Owned solar panels help residents generate clean energy while lowering utility costs.
Smart home technology is standard, with features including programmable smart thermostats for energy-efficient climate control, Ring video doorbells for enhanced security, and keyless entry systems for convenience. Kitchens and bathrooms feature soft-close drawers and cabinets, while energy-efficient appliances further support eco-conscious living.
Community Amenities and Lifestyle
Cherry Blossom Row is not only about private living spaces—it’s about fostering community. On-site amenities are designed to encourage social interaction and active lifestyles. Outdoor dining and lounge areas provide spaces for neighbors to gather, while a dedicated play structure makes the community inviting for families with young children. A shared community garden offers residents the chance to grow their own produce, herbs, and flowers, reinforcing the neighborhood’s sustainable ethos and providing opportunities for connection among residents.
Housing Market Context in Richmond
Richmond’s housing market remains competitive, underscoring the value of these BMR opportunities. According to recent Redfin data, the median sales price for existing homes in Richmond is approximately $700,000. Inventory is limited, with just over three months of available housing, and over 55% of listings sell for more than their asking price. The median time a home spends on the market is just 26 days, reflecting strong buyer demand.
For many prospective homeowners, these market conditions can make entering the housing market challenging—especially for first-time buyers. Cherry Blossom Row’s BMR homes represent a rare opportunity for income-qualified households to purchase a newly constructed, solar-powered home in one of the Bay Area’s most dynamic and well-connected cities.
Eligibility for BMR Homes
To qualify for a BMR home at Cherry Blossom Row, households must have an income that does not exceed 120% of the Area Median Income (AMI). This program is designed to support moderate-income buyers who may be priced out of the traditional market but still aspire to homeownership. These homes give eligible buyers the chance to invest in a property that not only provides immediate housing but also builds long-term equity in a desirable and appreciating market.
A Step Toward Housing Accessibility and Sustainability
The partnership between City Ventures and the City of Richmond reflects a growing recognition of the need for housing solutions that are both affordable and environmentally responsible. By integrating sustainable design, energy-efficient features, and BMR pricing, Cherry Blossom Row serves as a model for how cities and developers can work together to address housing challenges without sacrificing quality or location benefits.
Zabaneh summed up the initiative’s importance: “Our mission has always been to create homes that are as sustainable as they are beautiful. With Cherry Blossom Row, we’re making that vision accessible to more people in our community. These homes don’t just meet a housing need—they represent an opportunity for first-time buyers to plant roots in a thriving, eco-conscious neighborhood.”
With its blend of location advantages, sustainable living features, and community-oriented design, Cherry Blossom Row is poised to become one of the East Bay’s most sought-after addresses. For qualified buyers, the BMR offering is more than a chance to own a home—it’s a gateway to a lifestyle defined by connection, convenience, and environmental stewardship.
