The Midtown market represents a neighborhood which is both ready for development both politically and practically. Previously, light industrial uses were located between downtown San Jose and lower density single family neighborhoods to the west. These outdated land uses have left large parcels which are located along arterial roads to downtown offices. This area is served both by bus lines and the VTA light rail making it ideal for urban living as evidence by the momentum of industrial conversion which only continues to accelerate. The long term value in this location is both the proximity and access to large employers in downtown San Jose mixed with the Midtown amenities of both nightlife and dining. Meridian at Midtown is located in this neighborhood.
SUNOL contains a total of 269 type V wood frame wrap apartment units, with a variety of floor plans including studios, one bedrooms, two bedrooms as well as lofts. The deluxe amenities provided include, weight and cardio equipment, a lounge room and also a game room. Residents can also enjoy a 4 acre park that is diagonally adjacent to the property.
Project Cost: $118.3 million.