SAN JOSE, CA-Equity Residential has opened Domain, its newest multifamily residential community that completes the master plan vision of a professional, residential and retail corridor on North First Street. The much anticipated and highly-amenitized community is now open and available for lease.
Domain, a joint venture of Northwestern Mutual and Equity Residential, features 444-residences that offer an inspiring mix of high-end finishes and sought after amenities, coupled with sustainable practices and technology that has resulted in more than double the required California Green Points. The asset represents an investment of $155 million.
The delivery of an adjacent 5-acre park will be the last phase of Domain's development, and should be open to the public by late 2014.
According to Peter Solar, VP of development in the western region for Equity Residential, “In addition to showcasing some progressive technology and sustainable elements throughout Domain, we're excited for people to experience the incredibly high quality of design and finishes in the individual residences, as well as the expansive outdoor areas and communal lounges, club house, demonstration kitchen, and pool, to name just a few of the onsite amenities.”
Tad Dawson, CEO of Guerdon, the company that manufactured the modular components for Domain, explained, “There are 540 specially designed modular components utilized in the construction of Domain, with each being 70'long x 15'wide x 15' high. These units are assembled in the final architectural configurations, installed on an elevated, 7-acre podium. We believe this to be not only the largest multi-family development utilizing modular construction on the West Coast, it is clearly also the largest to be built on a podium.”
Domain is located on Vista Montana and First Streets in North San Jose. The project architect is Humphreys & Partners; Style Interiors is the interior design firm; DNV KEMA are the energy and sustainability consultants; Guerdon is the manufacturer of the modular residential units; and the contractor is Douglas Ross Construction.
Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 398 properties located in 12 states and the District of Columbia, consisting of 113,388 apartment units.
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