762 San Antonio Rd — Sale in Palo Alto, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Palo Alto, CA 94303

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire 762 San Antonio Road, a fully entitled multifamily residential development site located in Palo Alto, California. The property consists of ±2.0 acres and is entitled for 228 multifamily residential units, consisting of 198 market-rate units and 30 deed-restricted units (80% AMI). 762 SAN ANTONIO ROAD — THE OFFERING A fully entitled multifamily residential development site located on approximately 2.0 acres at 762 San Antonio Road, Palo Alto, California. » 198 market-rate units » 30 affordable units (13% at 80% AMI) » Approximately 223K NRSF » Concrete podium with wood frame construction concept » Fitness center, pool, spa, roof deck, lounge, and work-from-home area amenities » Above grade bike and vehicle parking accommodations’ » 286 Vehicle Parking Stalls » 228 Long Term & 24 Short Term Bike Stalls MULTIFAMILY DEVELOPMENT OPPORTUNITY 762 San Antonio Road presents a unique opportunity to transform an underutilized commercial property into a high-density residential community designed to address the critical housing needs of Silicon Valley. Located within one of the nation’s strongest housing markets, the project seeks to deliver a mix of market-rate and affordable housing in a highly amenitized, transit-accessible location. Surrounded by some of the most influential employers in the world, including Google, Meta, Apple, NVIDIA, Microsoft, and Stanford University, residents of this site will be willing to pay premium rents to live in close proximity. Retail destinations, public transportation options, and recreational amenities create an exceptional environment primed to capture the anchoring human capital base of Palo Alto. At a time when new housing supply remains severely constrained throughout Silicon Valley, 762 San Antonio Road represents a compelling opportunity to develop a de-risked multifamily project in a location where strong demographic t

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