(Save the date: RealShare Apartments East comes to the Hyatt Regency Miami, Florida on February 26th, 2013)
SUNNYVALE, CA-Carmel Partners of San Francisco have started construction on Carmel Loft House, a contemporary, new, mixed-use development spanning two city blocks adjacent to the Plaza del Sol, off of South Frances Street and Olson Way here in downtown Sunnyvale. The sustainable, urban infill development will consist of two buildings comprised of up to four stories of residential with 133 loft-style apartment homes and more than 6,000 square feet of ground floor retail space.
Carmel Loft House features one-bedroom and two-bedroom open floor plans ranging in size from approximately 700 square feet to 1,500 square feet, with 10-foot ceilings, floor to ceiling windows, balcony, and many other modern and eco-friendly features. The community will also be equipped with the latest in technology; concentrating on connectivity, Internet speed, and serving a population increasingly interested in working from home, according to a prepared statement.
Carmel Loft House has been designed to achieve a GreenPoint rating with a targeted goal of 100+ points (only 50 points are required to be GreenPoint rated for new multifamily construction). With a goal of long-term sustainability and durability, some of the green features at Carmel Loft House include Energy Star appliances, high-efficiency air conditioning system, enhanced building insulation, efficient use and recycling of building materials, low VOC paint, and efficient irrigation, drought-tolerant plants and low-flow fixtures to conserve water.
Pre-leasing is expected to begin in summer 2013, and the first apartment homes are slated to open in late 2013.
GlobeSt.com was not able to obtain approximate construction costs on the project by deadline, but check back with us later today for more on this project and for more on what type of renters the developers hope to attract.