October 17, 2017 Comments Off on Greystar Receives $200M Development Financing for The Reserve Views: 532 Bay Area, California News

Greystar Receives $200M Development Financing for The Reserve

Greystar secured $201 million in financing for the development of The Reserve, a 636-unit luxury multi-housing community in San Jose. An HFF team worked on behalf of Greystar to secure the construction loan through Otéra Capital.

Due for completion in 2020, The Reserve includes a mix of one-,two-and two-bedroom loft-style units, as well as more than 8,000 square feet of street-level retail. The two four- and five-story, podium-style buildings are situated above two levels of subterranean parking at at 897 S. Winchester Blvd.

Property amenities include a swimming pool, rooftop lounge, barbecue area, fitness center with yoga rooms, clubhouse with four private dining rooms, business center, pet spa and dog run. The Reserve will seek LEED Green certification, and will include environmentally-conscious finishes, including electric car charging stations.

HFF’s debt placement team included Charles Halladay and Jordan Angel.

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