Misora Apartments Signal Continued Growth at Santana Row

Santana Row stands as a premier destination in San Jose, blending shopping, dining, and living spaces into a vibrant community hub. Federal Realty now plans to market the Misora apartment complex at 388 Santana Row, a 212-unit building completed in 2014 that spans about 222,000 square feet. This move follows the recent sale of the neighboring Levare apartments for $74 million to Hines in May, reflecting strong interest in high-quality residential properties within this sought-after area.

CEO Don Wood described such sales as a core part of the company's strategy, allowing reinvestment into mixed-use environments without affecting the retail and entertainment core. Misora, positioned across from Levare, offers modern living options that complement the lively atmosphere of Santana Row, where residents enjoy walkable access to boutiques, restaurants, and events. If priced similarly per unit to Levare, the complex could fetch upwards of $145 million, underscoring the value of San Jose's real estate market.

This transition opens doors for fresh ownership to enhance the property, potentially introducing new amenities or community features that build on Santana Row's appeal. As San Jose's west side continues to thrive, developments like this reinforce the area's role as a magnet for professionals, families, and visitors seeking a blend of urban convenience and leisure.

Source: SVBJ

New Housing Takes Shape at Santana Row: 258 Units on the Horizon

San Jose keeps advancing with fresh residential options, and the latest proposal from Federal Realty Investment Trust at 358 Hatton Street in Santana Row promises to further elevate the area's appeal. This five-story complex will introduce 258 market-rate units tailored for younger professionals, including 95 studios, 131 one-bedroom units, and 32 two-bedroom units. Set within the vibrant Santana Row mixed-use district, the project transforms a current surface parking lot into a modern living space that complements the surrounding shops, restaurants, and entertainment at Valley Fair Mall.

The design by BDE Architecture features a grey and tan facade with contemporary wood accents, creating an inviting structure that blends seamlessly with Santana Row's aesthetic. Residents will enjoy outdoor amenities like a courtyard and pool, promoting relaxation and community interaction in a walkable environment. With easy access to daily necessities on foot and convenient freeway connections to 280 and 880 for commuting, this development supports a balanced lifestyle in West San Jose.

Progress moves swiftly on this long-planned addition to Santana Row, with groundbreaking anticipated soon and completion targeted for mid to late 2027 after about 26 months of construction. As part of broader efforts to expand housing in the city, the project addresses growing demand while enhancing the neighborhood's vitality. San Jose residents and newcomers alike stand to benefit from these thoughtful expansions that make the city an even more desirable place to call home.

Source: SF YIMBY