Miro also includes around 20,000 square feet of ground-floor retail space, occupied by Starbucks and an Italian restaurant. The community features nearly 1 acre of outdoor space, a pool and fitness deck, two rooftop lounges, and a private art gallery. The new loan also points to confidence in this landmark project and the city’s urban core, Mercury News highlighted.ĭesigned by Steinberg Hart and constructed by Suffolk Construction, the 360-unit property encompasses a mix of studio, one-, and two-bedroom units, averaging 933 square feet. Residences Floor Plans Residences Amenities + Services Floor Plans Neighborhood For Residents Contact Book a Tour 181 E Santa Clara St. Soak up the sun rising over the foothills in the morning or gaze at the stars at night - the sky truly is the limit here. These investment and finance trends has thus far proven resilient in the face of economic uncertainties. Miro's elegantly-designed Sky Lounges bring the views to you. The refinance of this core asset comes alongside a wider trend toward high-quality, centrally located properties. Flight-to-Quality Drives Multifamily Capital Markets Santa Clara St., the property is in downtown San Jose, right across from City Hall. Miro is currently in the lease-up phase, according to Brandon Roth, senior director at JLL. The note replaces the $288.8 million, five-year, interest-only construction loan Bayview received in 2017 through Broad Street Real Estate Credit Partners III, a fund managed by Goldman Sachs.īayview broke ground on the two- tower development in 2017 and topped out in 2020 as the tallest building in the city. This community has a 1 - 2 Beds, 1 - 2 Baths, and is for rent for 2,575. View photos, floor plans, amenities, and more. JLL secured the long-term, fixed-rate financing through Pacific Life. Find low income, HUD, and Section 8 apartments for rent in San Jose, CA with Apartment Finder. As Bayview gains control of more of the properties in the neighborhood, they can assure a high-quality level of tenants in the area.Bayview Development has received $345 million in refinancing for the Miro, a 28-story, Class A multifamily development, known as San Jose’s tallest building. “Those Miro towers are going to be an exceptional development. Book now We Have More Apartments Available Nationwide. “Bayview is making an enormous investment in this part of the downtown,” said Mark Ritchie, president of Ritchie Commercial. Corporate housing in San Jose CA offer furnished apartments for rent for long-term and short-term stays, with world-class amenities and services. building, a deal that was arranged by Ritchie Commercial, a real estate firm. The same approach is in play in this week’s acquisition of the 130 through 134 E. The most prominent business in that building is 4th Street Pizza, a popular restaurant and watering hole across the street from San Jose City Hall.Īt the time, McMahon said that Bayview’s motive in the purchase was to assure a lively restaurant and retail scene across the street from the future towers. In February, a group led by Bayview Development bought a historic brick building, known over a period of decades as State Meat Market. “As properties become available in the area, we try to tie them up,” McMahon said.
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