CMR provided predevelopment funding for the proposed development of a 220 Unit, mixed-use Class A project located in the heart of Milpitas, California (Silicon Valley), with amenity space and open space, approximately 303 parking spaces, as well as approximately 500-sf of retail. Total buildable square footage of the building is approximately 351,000 sf., with a net leasable area of approximately 169,000 sf., currently comprised of approximately 80 studios, 75 one-bedrooms, and 65 two-bedrooms (avg. 764 sf/unit). The site sits on a strategic location that is within walking distance from the Milpitas BART station and the Great Mall VTA Light Rail station, as well as abundant amenities such as the Great Mall of the Bay Area.
CMR provided predevelopment funding for part of the proposed development of 5.8 acres located in Santa Clara, California (Silicon Valley) for the purpose of developing the following: (i) 160 units of rental housing; (ii) 165 units of affordable housing; (iii) 36 market rate, for sale townhomes; and (iv) a 1.5 acre produce farm. As the first combined agricultural and residential development in the Bay Area, the Santa Clara Agrihood is set to become a model for sustainable, urban design. Along with the farm and community gathering centers (a plaza for a farmer’s markets and dining, a community center with an exhibition space and kitchen for cooking classes) the mixed-use development is designed to provide housing for people of various ages and incomes to promote a true community environment supportive of surrounding neighborhoods and other public spaces in Santa Clara and farm to table living.
SparQ is located in the heart of San Jose. It is a seven-story, mid-rise mixed-use apartment building with 105 market rate units. SparQ consists of a total buildable area of 142,663 square feet and net leasable area of 74,193 square feet residential in addition to 2,500 square feet of retail. The project site is situated in the San Jose Central Business District.
CMR provided predevelopment funding for the proposed development of a twenty-four story, 300 +/- high-rise, mixed-use Class A project located in the heart of San Jose Central Business District; home to the headquarters of many of the leading technology companies in the world.
A ground up industrial “flex” (office and light industrial space) development in Carlsbad, San Diego County, California. The building consists of approximately 145,000 square feet with office space ranging from approximately 44,000 square feet to approximately 72,000 square feet, and light industrial space ranging from approximately 73,000 square feet to approximately 101,000 square feet.
The redevelopment of an historical office/warehouse into 238 apartment units and 274-key branded hotel development in Dallas, Texas. The venture was partially capitalized by historic tax credits and mezzanine financing.
CMR works with an Austin-based developer on opportunities along the US I-35 corridor (from San Antonio to Austin to Dallas/Fort Worth) within the “Texas Triangle”. The purposes of the venture is to create a diversified portfolio of ground-up and value-add opportunities consisting of approximately 1,000 units in the aggregate in desirable submarkets.
The first project of the portfolio is a ground up development of a 320-unit community in the desirable Alamo Ranch submarket of San Antonio, Texas. Subsequent opportunities are expected to be in Austin and Dallas.
CMR invested in five small lot single family development projects in Los Angeles, California with a total of 68 homes, to provide new, urban in-fill, single family housing. The home has 3 bedrooms and 3.5 bathrooms ranging from 1600 square feet to 2,200 square feet.