The Golden Triangle is the area bound by Highways 101, 237, and 880. It is the largest tech cluster in the world and where you'll find most of San Jose's high-paying jobs. In recent years, several dense housing projects have sprung up right in the middle of the triangle and the trend is continuing.
Equity Residential has just wrapped up the Domain apartment project, a 444-unit, $155 million project right across the street from the @First shopping center. Domain has the distinction of being the largest modular construction project in the area. The apartments were prefabbed and then assembled like lego pieces, which explains how the building went up
so quickly.
Now Equity is about to break ground on Tasman Apartments, an even larger development across the street from Domain. This one will clock in at 554-units and cost $215 million to build. It looks like the bulk of the building will be a respectable six-stories.
The amenities list is quite long: roof deck (love these), pool, spa, fitness center, bike-repair shop, BBQ center, clubhouse, and a game lounge. Equity is even throwing in two parks: the five-acre Domain Park and a one-acre park at Tasman Apartments in 2015.
The location I would say is ideal. Not only is it close to jobs, but Light Rail is nearby, @First is across the street, it has easy access to Highway 237, and the new Stadium (plus related projects) are 5 minutes away. The only thing I would have liked to see is some retail on the ground floor of these buildings. All in all, this should be a solid addition to the area.
Source:
SVBJ