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| Rendering of planned Anton Milpitas 730 Apartments, Milpitas, CA |
NEWPORT BEACH, CA –– HFF announces the closing of a
$121.7 million participating mortgage for the development of Anton Milpitas
730, a 266-unit, Class A multi-housing community with 1,800 square feet of
retail in Milpitas, California.
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| Sean Deasy |
The HFF team worked on behalf of the developer, Anton DevCo, to
arrange the participating loan through an institutional partner. This is
the second phase of Anton’s two-phase development.
The HFF team also arranged a participating
mortgage for Phase I, which is already under construction, in a transaction
that closed in May 2017.
Anton Milpitas 730 is due for completion in 2020 and has been
designed to LEED Silver specifications. The five-story, wrap-style
building will offer a unit mix ranging from studios to two-bedroom units
averaging 762 square feet.
Planned project amenities include co-working
space; dining and community courtyards; outdoor social space; a resident
lounge; rooftop fitness center and pool overlooking the city; pet spa; bike
repair station; lounge and a 372-space, six-story parking garage.
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| Mark Erland |
Units will feature
high-speed internet, various smart technology features and upgraded finishes,
including quartz countertops and gas ranges.
The transit-oriented project is located on
3.34 acres at 730 E. Capitol Avenue directly across from the nearly completed
Milpitas BART station with access to the BART station and VTA Montague
light-rail platform through a common access point immediately adjacent to the
project.
BART will provide
residents with a less-than-one-hour commute to San Francisco’s Financial
District, and the VTA light rail will provide access throughout Greater San
Jose.
The HFF equity placement team included senior managing director Sean
Deasy, senior director Mark Erland and director Matthew Benson.
Holliday GP Corp. (“HFF”) is a real estate broker licensed with
the California Bureau of Real Estate, License Number 01385740.
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| Matthew Benson |
Anton DevCo is a leading California multifamily developer. As a
fully integrated platform, Anton develops, constructs, owns and manages market
rate and affordable multifamily rental apartments throughout the State of
California.
Anton has developed
over 10,000 units in 50 communities over 22 years, with aggregate asset value
of over $2 billion, and is underway on 2,000 units in various stages of
development.
For more information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
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