Santana Row set to expand with 108 new residential units
It seems the consumerist urban idyll that is Santana Row is proving popular, as the developer of the San Jose shopping mecca with housing attached has announced it has begun construction on 108 new residential units.
According to Federal Realty Investment Trust, 97% of Santana Row's rental units are leased, demand for more is strong, and the new homes will bring the total number of residential units at Santana Row to 622.
The new four-story building will be located behind Anthropologie and Borders Books and is expected to be completed by late summer 2011. The new units will consist of 98 flats, ranging in size from 750 sq ft to nearly 1,600 sq ft, and a row of 10 four-story townhomes. There will be subterranean parking with 160 spaces, a business center, entertainment lounge and fitness center.
A quick scan shows there are about 14 homes currently for sale at Santana Row, ranging in price from $350,000 for a one-bedroom condo to $759,999 for a two-bedroom, 1,450 sq ft unit in the DeForest Building.
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