Downtown Sunnyvale could soon be sporting a new 75-unit multi-family housing complex. Lane Partners and Bay West Development recently announced their partnership on the project, with $40.77MM in non-recourse construction financing and preferred equity.
311 S. Mathilda St. will be the site of the 5-story apartment building. According the plans submitted by the developers, the project is expected to include a landscaped courtyard and roof deck, state-of-the-art fitness center and clubhouse.
Ground breaking is expected to occur in the 2nd quarter of 2019.
Keystone Commercial Brokerage serves the needs of commercial real estate investors in the Santa Clara and San Mateo counties, specializing in commercial property, multi-unit residential, office space, and multi-use property. Paul Phangureh has over 16 years of experience in buying and selling in the Santa Clara and San Mateo County areas. Contact Paul at 650-924-2544, or email at paul@keystonebrokerage.com
