Santana Row is set to launch its first residential development in a decade, featuring 258 rental units aimed at younger workers. Located at 358 Hatton St., the project will begin construction soon with an expected completion in 2027. This development follows a successful sale of another housing complex, the 108-unit Levare, which was sold for $73.1 million. The new apartments will enhance the neighborhood, contributing positively to the diverse ecosystem of Santana Row, which includes shops, restaurants, and hotels.
"We've been working on this residential project for a very long time," said Patrick McMahon, Federal Realty's senior vice president of development. "We are targeting a groundbreaking in a matter of weeks. It's the first new residential project at Santana Row in 10 years."
"It should be a 26-month build," McMahon said. "We expect to deliver the housing in 2027. This development will consist of rental units. It will be an important ingredient in our neighborhood."
"It adds to the overall ecosystem of Santana Row," said Collette Navarette, a senior director of marketing with Federal Realty.
"The Levare deal was an extremely strong validator, an extremely strong endorsement, for us," McMahon said.
Collection
[
|
...
]