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1/20/21
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Construction is underway on a new 196-unit, 100% affordable-housing community developed by St. Anton Communities at 2233 Calle Del Mundo in the City of Santa Clara. Called St. Anton Tasman, the transit-oriented development is situated on 1.22 acres and located within the City’s Tasman East Specific Plan area. It is also within walking distance to Levi's® Stadium and adjacent to the Lick Mill Light Rail Station.
St. Anton Tasman is regulated to stay as affordable housing for at least 55 years. Nearly 20% of the units are for very low-income tenants (50% Area Median Income) and the remaining 80% of the units are for low-income tenants (60% Area Median Income). The nearly $100 mil community boasts a density of 160 units per acre and is the first project to commence construction in the City’s transformational Tasman East Specific Plan.
“We were able to complete the Santa Clara approval process very quickly due to their focus on affordable housing. Thanks to the City’s expedited processing, the area’s lower-income workforce will be the first to move into new housing in the 45-acre masterplan,” said Ardie Zahedani, partner, St. Anton Communities.
The Tasman East Specific Plan creates a framework for the development of a high-density transit-oriented neighborhood (minimum density of 100 dwelling units per acre), along with supportive retail services. St. Anton Tasman will have 153 studios and 43 one-bedroom apartment homes with community amenities including a podium deck, clubroom, fitness center, dog run and classroom/business center. Services include instructor-led educational, health and wellness, and skill-building classes.
The project received its primary construction and permanent financing from Bank of America and its “gap funding” from The Irvine Company.
The sustainable, six-story residential community, designed by KTGY Architecture + Planning, prioritizes public transit and provides an efficient and connected living environment for the area’s lower-income workforce. The project is anticipated to open for occupancy in mid-2022.
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