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8/15/25
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40 Main Street Offices has secured $28.1 mil in construction money for development of 40 Main Street, a fully-entitled 15-unit luxury condo project in downtown Los Altos, CA. JLL’s Chris Gandy and Ethan Habecker arranged the two-year, floating-rate loan through Genesis Capital.
40 Main Street, strategically positioned along the highly desirable retail district of State and Main St in the city’s downtown, offers a rare development opportunity in one of Silicon Valley's most affluent communities. The project will feature two premium one-bedroom units, seven two-bedroom units, along with four three-bedroom condominium-style units ranging from 829 sf to 2.3k sf, as well as two one-bedroom BMR units. The project will also feature 3.2k sf of ground-floor commercial space.
The development will feature luxury finishes throughout, with 24 dedicated underground garage parking spaces served by a puzzle automated parking lift. Base Builders, a nationally recognized Silicon Valley-based general contractor, will construct the property.
Los Altos continues to be one of the most sought-after residential markets in the Bay Area, with a median home price of $4.2 mil and a median household income of $250k. The property's prime location provides residents with walkable access to Los Altos' finest restaurants, cafes and boutique shops, while offering convenient proximity to major Silicon Valley employers.
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