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Mayor Reed, Councilman Chu Celebrate Grand Opening of Crescent Village Apartment Homes
Community is Largest to Open Since Great Recession;
Part of Irvine Company’s Long-Term Commitment to Silicon Valley
San Jose, Calif., Sept. 25, 2012 — San Jose Mayor Chuck Reed and Councilman Kansen Chu joined executives of the Irvine Company and about 60 invited guests to celebrate the grand opening of Crescent Village Apartment Homes, the largest apartment community to open in years in Silicon Valley.
“I’d like to thank the Irvine Company for this significant investment in our community,” Reed told the audience gathered at Crescent Village for a grand opening party that included a red carpet entry and VIP tours of the community. “Crescent Village will provide new homes and amenities to accommodate our growing workforce in North San Jose.”
“The development of Crescent Village marks a remarkable milestone in North San Jose,” said Councilman Chu, who represents San Jose’s District 4, which includes Crescent Village. “I want to recognize and thank the Irvine Company for their investments in North San Jose, home to 1,400 global technology companies employing more than 55,000 people.”
With 1,750 apartments, Crescent Village is the most significant apartment community to open in Silicon Valley since the Great Recession. The community, which has been a draw for technology professionals, young couples and young families, is a sign of Silicon Valley’s resurgence as one of the strongest economies in the country.
The community is part of the Irvine Company’s expanding presence in Silicon Valley, where the company has provided premier offices and apartments for more than 15 years.
In all, the Irvine Company owns and manages 11 apartment communities with more than 5,500 units in Cupertino, Sunnyvale, San Jose and Redwood City. The company also owns and manages more than 3 million square feet of office space in Sunnyvale, San Jose, Santa Clara and Milpitas.
“We see our heritage of master planning as a perfect fit with the innovation economy of Silicon Valley, and Crescent Village is a reflection of that,” said Kevin Baldridge, president of Irvine Company Apartment Communities. “We believe our role and purpose is to serve San Jose and all of Silicon Valley by providing exceptional living and working environments and experiences.”
Crescent Village brings resort-style living and expansive amenities to North San Jose’s Innovation Triangle, the center of Silicon Valley.
Crescent Village is part of Vision North San Jose, a master planning effort by the City of San Jose to advance housing and employment by creating communities in walking distance to jobs, shopping and regional transportation.
The community is walking distance to operations of Cisco Systems Inc., Broadcom Corp., Altera Corp. and other major area employers. Crescent Village also is near the Valley Transportation Authority’s River Oaks light-rail station, which links to downtown San Jose and the rest of Silicon Valley.
Crescent Village’s amenities include five saltwater pools and spas, a fitness center, spin, yoga and aerobics rooms, a five-acre park, clubhouses, an Internet cafe and movie theater. For more information, please see www.CrescentVillageApts.com.