Related California is calling for options for a nearly 1,000-unit multifamily development in Santa Clara, and another large project nearby that could break ground this year is already improving scores.
Stephen Ross’s first possible project is to deliver 950 units in a pair of 22-storey towers at 2101 Tasman Drive. The first tower will be 950,000 square feet, about half of which will be devoted to housing and the remainder to amenities and seven levels of parking. Most rentals will be one- and two-bedroom units, but there will also be studio and three-bedroom units, as well as townhouse-style homes.
Another option is to build 900 units in a pair of 580,000-square-foot towers, with more than half devoted to housing and the rest to amenities and a five-story garage. Rents include: studio, one-, two-, and three-bedroom units, and townhouse-style residences.
The project will be part of the larger Tasman East Specific Plan, which aims to redevelop 7.7 acres between 2222 Calle De Luna and 2101 Tasman Drive and bring 4,500 dwellings to the city. The plan, led by the city of Santa Clara, also includes a 584-unit development by Washington-based Holland Partner Groups. The master plan called for the demolition of five light industrial buildings and their appurtenances.
Tasman East is just across the street Related Santa Clara The project is a large 240-acre mixed-use community across from Levi’s Stadium, featuring nearly 6 million square feet of offices, 1,680 new residences, 700 hotel rooms and retail. Craig Petersen of Kidder Mathews said the developer is still working through approvals and plans to break ground sometime this summer.
“There is no question that this project will change Santa Clara,” Peterson told real deal“It’s going to be a city within a city. The challenge is how to successfully bring all the components together.”
