The Mixed-Use Project Will Offer the first Completed Apartments within the Multi-Phase Downtown Development
SUNNYVALE, CA (October 8, 2018) – STC Venture, LLC, a joint venture between Sares Regis Group of Northern California (SRGNC) and Hunter Properties, announced today that leasing has begun for The Flats at CityLine Sunnyvale, a 198-apartment, mixed-use, luxury apartment community in downtown Sunnyvale. Located in three buildings along Washington and McKinley Avenues, The Flats will offer a collection of spacious, contemporary, one-, two-, and three-bedroom apartments with numerous indoor and outdoor amenities above ground-level retail.
The Flats are the first completed apartments within the multi-phase CityLine Sunnyvale project. CityLine Sunnyvale aims to enliven downtown Sunnyvale as an active, pedestrian-oriented, mixed-use district featuring new residences, a large public plaza, shopping, entertainment options, and office space planned across 36 acres.
“The completion of The Flats marks a milestone for the CityLine Sunnyvale project, and we couldn’t be more thrilled to deliver these apartments to activate downtown and provide new homes near jobs and transit,” says David N.P. Hopkins, Chief Operating Officer at SRGNC. “Sunnyvale residents have been waiting a long time for these buildings to be completed and occupied, and we’re excited to see them evolve into a thriving community for the benefit of this neighborhood. These will be ideal homes for workers and young families. This is just the beginning of many more great things to come for downtown Sunnyvale.”
Each of the spacious apartment homes at The Flats features a five-burner gas stovetop, stainless steel Energy Star Whirlpool appliances, full-size stacked washer and dryer, Quartz slab kitchen countertops with tile backsplash, Euro-style cabinetry with designer-selected hardware, kitchen island, walk-in closet, hardwood-style plank flooring, high-efficiency central heat and AC, a private balcony or patio, and a Nest thermostat.
Amenities at The Flats include a state-of-the-art fitness center and yoga studio; an indoor/outdoor play space for children; individual business studios; a dog spa; five outdoor courtyards with kitchens, barbecues, fireplaces, and dining areas; and garage parking with EV charging stations. The Flats are located in three separate buildings, directly above about 75K square feet of retail anticipated to be occupied in 2019. The Flats are also within one to two blocks of Sunnyvale’s Caltrain station and historic Murphy Avenue’s many shops and restaurants.
The Flats is part of Phase One of the multi-phase CityLine Sunnyvale project currently underway. A new, two-story building on the corner of Murphy and McKinley Avenues is under construction that will house a Whole Foods Market and an AMC Theaters, scheduled to open in 2019. Twenty million dollars of public improvements are also underway, including the addition of landscaping and street trees, the installation of new traffic signals, and the construction of landscaped traffic medians.
STC Venture LLC is completing design on an additional 94 residential units along Iowa Street, the entitlements for which were originally approved in 2007, with updated architecture approved in 2018. These include a mix of 75 apartments and 19 three-bedroom townhomes.
Of the 198 homes offered at The Flats, 25 will be designated as affordable. The leasing office for The Flats is located at the corner of Washington and Taaffe Avenues. For more information, visit CityLineFlats.com.
Sares Regis Group of Northern California and its affiliates, Regis Homes Bay Area and Regis Contractors Bay Area, are regional companies based in San Mateo, California.
As leading developers and managers of commercial and residential real estate in the western United States, the companies have more than 6.5 million square feet of commercial properties valued at $500 million and over 2,800 residential units under development. Since its inception, the company has acquired or developed approximately 46 million square feet of commercial properties and 20,000 multifamily and residential housing units. For more information, please visit: www.SRGNC.com.
About Hunter Storm
Hunter Storm, the development arm of Hunter Properties, is a commercial real estate development firm with an emphasis on ground-up construction, repositioning of assets, and value-add improvements. Hunter Properties was founded in 1960 and the current partners, Deke Hunter and Edward Storm formed Hunter Storm in 1986, with Curtis Leigh joining the team in 2004. The company enjoys a strong track record by focusing its efforts locally with all major projects located in the San Francisco Bay Area.
This allows the principals to leverage their market knowledge and expertise evenly across three product disciplines. Recent award-winning projects include Crossing 900 in downtown Redwood City, @First in San Jose which is a mixed-use project of over 1 million square feet, Bass Pro at Almaden Ranch and Village Oaks in South San Jose. Current developments include Coleman Highline a transit-oriented development of over 1.5 million square feet across from San Jose International Airport.