First Four-Story Homes Come to Silicon Valley

SANTA CLARA, CA—The $950 million Nuevo is a new mixed-use community and residential project developed by SummerHill Homes. Nuevo features 868 new homes and seven new model homes, including models for the E-States (the market’s first four-story homes), which will be introduced in an unveiling event this weekend.

Nuevo will also feature 24,000 square feet of retail and restaurant space, six acres of new parks, a community garden and a 4,000-square-foot community center dedicated to relaxation, health and wellness, dining and entertainment. Prospective homebuyers are invited to tour Nuevo’s model homes on September 7 from 11:30 a.m. to 3:00 p.m. at 3505 Kifer Rd.

“Nuevo introduces buyers to a unique opportunity in Silicon Valley, where townhomes and single-family homes maximize living space while offering close proximity to the Bay Area’s major employers, transportation hubs, retail and entertainment,” said Robert Freed, president and CEO of SummerHill Homes. “Thanks to the burgeoning tech industry, the Bay Area remains one of the nation’s leading markets for homebuyers and Santa Clara is the ideal location for the residential, retail, recreational and entertainment destinations Nuevo will create.”

Spanning 868 homes including 537 apartments, 176 Terraces, 114 E-Towns and 41 E-States, Nuevo will resemble an integrated urban community in the Santa Clara neighborhood. Ranging from 1,268 to 2,990 square feet, Nuevo has a variety of homes and floorplans from which homebuyers can choose. Each residence features a deck and attached two-car garage or carport, and select homes will offer rooftop terraces. Of the three for-sale product lines, homes will range in price from the high $1.1 millions to the low $2 millions.

The Terraces will offer two- to four-bedroom flats and townhomes starting at approximately 1,268 square feet with decks. The E-Towns will feature three- to four-bedroom townhomes starting at approximately 1,841 square feet offering rooftop terraces and decks. The E-States will boast three- to four-bedroom single-family homes ranging from approximately 2,462 to 2,990 square feet featuring rooftop terraces and decks.

The project will also feature a 126-unit condominium building being developed by Toll Brothers. The condominiums will offer one- to two-bedroom floorplans ranging from approximately 656 to 1,266 square feet.

Across its 27 acres, Nuevo features curated amenities for wellness and community engagement, and accommodate residents’ unique hobbies and interests. Homeowners will enjoy outdoor spaces, an expansive community center, dog park, bike paths throughout the community, turf areas for yoga and soccer, basketball courts, neighborhood-serving retail, movie-in-the-park events, picnic tables and a children’s playground. Residents will also have access to outdoor reading rooms, electric vehicle charging stations and a community garden.

Less than a mile from Caltrain, Nuevo will provide access to the surrounding Bay Area, as well as access to San Jose International Airport, Santa Clara University, Levi’s Stadium, retail destinations including Valley Fair and Santana Row, and attractions such as Great America.

Nuevo homes are currently available for sale with first move-ins anticipated in late 2019. Pricing and square footage for Nuevo’s one- and two-bedroom apartments will be announced in fall 2019.

Santa Clara is home to several blue-chip companies including Intel, McAfee, Dell, NVIDIA, Palo Alto Networks, Applied Materials, Texas Instruments and Arista Networks, and is adjacent to Sunnyvale, San Jose, Mountain View and Cupertino, which are home to Apple, Google, Facebook, Cisco, Amazon Lab 126 and Symantec.

“This year, Zillow named San Jose one of the hottest housing markets for the second year in a row and its bordering cities including Santa Clara are riding the wave of this trending area,” Freed tells GlobeSt.com. “As interest rates continue to decrease, igniting a flood of Bay Area transplants to enter the market, San Francisco and Silicon Valley are experiencing unprecedented growth as the areas face a housing shortage challenge.”

Furthermore, Freed says the community meets the following needs─

Everything all in one place: Nuevo traverses beyond a masterplan and offers 868 homes, 40,000 square feet of retail and restaurant space, six acres of new parks, a community garden and a 4,000-square-foot community center.

Maximizing space for homebuyers and city planners: To combat the Bay Area’s housing shortage, SummerHill is identifying new ways to create higher density with its unique four-story single-family homes, E-States, while not compromising on living space.

Ditching cars for transit-oriented homes: The 27-acre site of Nuevo lies adjacent to the Lawrence Station served by Caltrain to promote walking instead of freeway congestion.