A new housing development in Los Altos plans to construct 196 residential units, 29 of which will be affordable, near key Silicon Valley tech hubs. Developed by Prometheus Real Estate Group, the project has secured an $80 million construction loan from JPMorgan Chase, facilitating its progress. The complex will feature two five-story buildings with rental dwellings and distinct townhomes away from El Camino Real. This development addresses housing needs in a high-demand area, located just miles from major tech offices, reflecting the ongoing effort to increase housing supply in the region.
The proposed residential complex will include 196 units, with 29 designated as affordable housing, strategically located near multiple major tech hubs in Silicon Valley.
Prometheus Real Estate Group has successfully secured an $80 million construction loan from JPMorgan Chase, which enables the ambitious housing project to move forward.
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