Yet Another Milpitas Multifamily Project Set to Take Shape as Silicon Valley Ramps up Housing
By Alex Girda, Associate Editor
The rise of Silicon Valley has been a long process, and now the incentive is there for housing to fulfill the expectations of hordes of young professionals looking to relocate to the area as Google, Apple and a myriad of other tech companies continue their expansion. One of the cities in the Silicon Valley area is Milpitas, home of companies such as Maxtor, Adaptec, Cisco Systems and SanDisk.
And now, the city has seen an uptick in multifamily development, with two major projects in development, from real estate company Integral Communities, as the company recently announced its Centre Point community in the immediate vicinity of its The District at Milpitas mixed-use development.
Integral Communities is set to add 604 units of housing, and 56,000 square feet of retail space to the rapidly growing area mainly due to the appeal the forthcoming BART station will bring to the Great Mall. Center Point will be a redevelopment project as the mixed-use community is set to take shape on a site that currently houses a number of former R&D facilities, which according to The Silicon Valley Business Journal, Integral is in contract to acquire.
The Centre Point development will be located near another Integral project, the nearby District at Milpitas. That 955-unit transit-oriented community includes 80,000 square feet of retail space and a large chunk of luxury apartments. Located at the corner of Great Mall Parkway and McCandless Drive in Milpitas, The District is located one mile from San Jose’s “Golden Triangle,” known as the hottest tech spot in the world.
Image courtesy of integralcommunities.com
Tags: Architecture/Design, Centre Point, Consumer, Conventional - Market Rate, Developers, Development, economy, Finance/Investment, Financiers, Integral Communities, Investors, Local, Milpitas housing development, mixed-use, multi-family, National, Owners, Policy, Professional, Regional, Residential, San Francisco Lead Story, Silicon Valley housing market, The District at Milpitas