Raintree is Developing $500M in MXD

Encasa will feature 465 luxury apartment units and nearly 5,500 square feet of dedicated co-working space that offers private offices, lounges and other features.

LAGUNA NIGUEL, CA—GlobeSt.com has learned exclusively that Raintree Partners is under construction on three California-based mixed-use projects including an apartment and co-working property in Sunnyvale, a multifamily and retail project in Dana Point and a multifamily, co-working and kayak-rental property in San Francisco. The projects in development by the Orange County-based private commercial real estate investment company total more than $500 million in value.

One of the new developments is Encasa, located in central Silicon Valley close to Downtown Sunnyvale, which will feature 465 luxury apartment units and nearly 5,500 square feet of dedicated co-working space that offers private offices, lounges and other features. The property is located near from Moffett Park and the technology corridor, which consists of Google, Microsoft, Yahoo, HP, LinkedIn and other major employers, along with shops, restaurants and entertainment venues.  The project also includes an extension of the John Christian Greenbelt, a pedestrian path and bike network that connects the property to local business hubs. Raintree has created a 1.1-acre park in the middle of the project atop a previously unused utility easement.