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The specs:

- 220 FT | 20 FLOORS
- 700 units (509 apartments and 191 senior assisted living))
- 201 of the units will be BMR
- 19,410 sq ft retail
- Parking for 613 cars and 352 bicycles

Related Secures $690 Million For 2300 Calle De Luna In Tasman East, Santa Clara

BY: ANDREW NELSON 5:30 AM ON AUGUST 19, 2022

Progress for the Tasman East Specific Plan has received some good news. Related California has secured $690 million in construction funding for 700 units at 2300 Calle De Luna, representing nearly a fifth of all units expected in the multi-developer project in Santa Clara. Foundation work is expected to start in the coming weeks.

J. Jennings Moss first reported the news for the Silicon Valley Business Journal. The funding will result in the construction of 2300 Calle De Luna, a two-structure project with 509 apartments and a 191-unit high-end senior rental building as part of Related’s Coterie senior living brand.

Moss reports that the funding was split between three sources. Otera Capital invested a $360 million loan for the market-rate housing, PNC Bank provided $130 million for senior housing, and Welltower Inc. invested $200 million.

2300 Calle De Luna will be 220 feet tall and contain 1.09 million square feet. Of that floor area, 557,700 square feet will be for the market-rate apartments, 186,500 square feet for the senior assisted living units, 43,950 square feet for communal amenity areas, and 19,410 square feet for retail. The 613-car garage will span 264,270 square feet. Additional parking will also be included for 352 bicycles.

Steinberg Hart is the architect of record and collaborative design architect with Bohlin Cywinski Jackson. The market-rate housing will rise from a metal-adorned podium with a curtainwall tower accented by sharp cantilevered balconies. The senior housing is clad with a solid veneer using pre-cast concrete panels and stone decorated with oversized windows.

Surface Design will be the landscape architect.

https://sfyimby.com/2022/08/related-...nta-clara.html