 |
| Rendering of planned Ameswell Mountain View mixed-use development, Mountain View, CA |
SAN FRANCISCO, CA –– HFF announces
the $250 million capitalization for the development of Ameswell Mountain
View, a fully entitled, mixed-use project comprising a 255-room upscale,
independent hotel and a 216,700-square-foot Class A, LEED-Platinum office
building in Mountain View, California.
 |
| Bruce Ganong |
The HFF team worked on behalf of the developer, Broadreach Capital
Partners, LLC, to arrange a joint venture equity partnership with Rockwood
Capital, LLC. Additionally, the HFF team worked on behalf of the parties
to secure the $140 million construction financing with Wells Fargo Bank.
Ameswell is ideally positioned directly off Highway 101 and
Moffett Boulevard in Mountain View and has access to Highways 85 and 237 and
Interstate 280, which provide direct access to the entire Bay Area.
The development is at the epicenter of Silicon
Valley, surrounded by the largest technology companies in the world, venture
capital and a highly educated workforce.
Google, Amazon, Microsoft, Apple and Intuit are
within a 2.5-mile radius of the project, and the Mountain View Baby Bullet
Caltrain station is less than one mile from the property.
 |
| Michael Leggett |
The Ameswell Hotel will be one of Silicon Valley’s most
prominently located, newly constructed independent lodging properties with
modern luxury amenities and experiences.
The hotel will feature creative, local design
with a strong emphasis on art and technology; 6,258 square feet of premier
meeting and event space;
imaginative food and beverage offerings, which include a destination bar and restaurant and curated grab-and-go market; spacious guestrooms; abundant outdoor gathering spaces with a swimming pool, fire pits, bocce ball court and a large lawn; and sustainable operating practices.
imaginative food and beverage offerings, which include a destination bar and restaurant and curated grab-and-go market; spacious guestrooms; abundant outdoor gathering spaces with a swimming pool, fire pits, bocce ball court and a large lawn; and sustainable operating practices.
 |
| Ben Bullock |
The steel-frame, five-story LEED-Platinum creative office building
will have best-in-class construction featuring floor-to-ceiling glass lines
that provide abundant natural light, 14-foot ceilings and 47,000-square-foot
floorplates.
Amenities include a 2.5-acre park, terraces and break-out areas to merge workspace and nature, dedicated bike and pedestrian trails and electric vehicle charging stations. A six-tier parking structure will support the development.
Amenities include a 2.5-acre park, terraces and break-out areas to merge workspace and nature, dedicated bike and pedestrian trails and electric vehicle charging stations. A six-tier parking structure will support the development.
The HFF equity and debt placement team consisted of senior
managing directors Bruce Ganong and Michael Leggett, co-head of
HFF’s West Coast team; senior director Ben Bullock; director Thomas
Foley and analysts Austin White and Bercut Smith.
 |
| Thomas Foley |
“With a submarket vacancy rate of less than five percent for Class A office in Mountain View, Ameswell is poised to capitalize on the abundant tenant demand for new product.”
Holliday GP Corp. ("HFF") is a real estate broker
licensed with the California Bureau of Real Estate, License Number 01385740.
For more information, please contact:
KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420
No comments:
Post a Comment