Located in the heart of Silicon Valley, the second phase of North 40 embodies over 125 years of Los Gatos' rich history, marked by a dedication to harmonizing current and future requirements. This thoughtfully planned community aims to mirror the essence of the locality, effortlessly blending residential, commercial, and public areas, all the while sustaining the unique character of Los Gatos.
The project will deliver over 450 new homes, of which 17% will be allocated to lower income households (60% AMI or below). A mix of affordable homes, for-rent apartments, and town homes are situated around a two-acre park that will be accessible to the public.
Other project highlights include 100% all-electric power in the residential buildings, a comprehensive site wide storm water management program, and solar powered common areas of the multi-family and retail buildings.
The project will also provide a Transportation Demand Management (TDM) program to help incentivize the reduction of vehicle miles traveled. The program will include robust bicycle infrastructure including expanded bike paths and e-bike charging opportunities.
Property type: Mixed-use, built-to-core rental and for-sale residential, retail
Location: Los Gatos, CA
Acquired: Under Option