Dallas-based developer Alterra Worldwide is about to break ground in San Jose, CA on one of the most ambitious tokenized CRE developments to date, a 24-story, 374-unit Class A multifamily residential high-rise known as Tower 27.
The $237-million tower, to be completed in 2024, will serve as housing for an influx of 20,000 new tech workers from nearby expansions of Google and Adobe in the heart of Silicon Valley. Google is building an 80-acre tech campus a few blocks from the Tower 27 site in San Jose.
Alterra is selling 100 million tokenized shares in Tower 27, under the brand T27 Silicoin (T27S). Each T27S token is valued at $1.
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