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
