Santa Clara, CA – April 17, 2023 – Ensemble Investments, LLC (Ensemble), together with USA Properties and The Pinyon Group, has broken ground on the $81.2 million affordable housing project Mainline North in the Tasman East neighborhood of Santa Clara. Located in the 2300 block of Calle de Mundo in the new Tasman East District, the 151-unit complex will bring much needed homes to low-to-moderate income households.
Ensemble initially served as the developer of the site through project planning and approvals, as well as for six additional projects in Tasman East. At Mainline North, the company worked with The Pinyon Group, entering into a venture with USA Properties, which serves as the affordable housing developer and general contractor. USA Properties and The Pinyon Group structured a public/private partnership that includes financing by Bank of America, California Housing Finance Agency, the City of Santa Clara, Google, Housing Trust Silicon Valley as well as Ensemble and Related Corporation.
Ensemble retains an ongoing interest in Mainline North, serving as the developer of the ground floor retail/restaurant spaces. The project fronts nearly 10,000 square feet of open space that will evolve into a pedestrian paseo and greenway, connecting the neighborhood and surrounding properties.
“The Mainline North project is collaborative and visionary, and Ensemble is proud to be part of this team,” said Tyson Sayles, Principal, Ensemble. “The partnership will provide much needed affordable housing for underserved households who work, live and learn in the area. The community will also enhance the Tasman East District’s walkable pedestrian amenities, connecting to transit and providing terrific retail and green space. It will be ideal for young professionals and young families as well as empty nesters and retirees.”
Opening in 2025, the eight-story mixed-income building will offer units that range from affordable studios to three bedroom-two bath units on the higher floors. Parking will be available for residents. Nearly 5,000 square feet of retail/restaurant space will be located on the ground floor and the building will feature a community fitness center, flex rooms and outdoor space.
Situated on a one-acre parcel and located next to Levi’s Stadium, Mainline North is part of Ensemble’s portfolio of projects in the 45-acre Tasman EastDdistrict.
“This is a mission-driven project,” said Steve Edwards, Ensemble’s SVP of Lifestyle Development. “Our goal is to create welcoming spaces where people from varied backgrounds and income levels can experience the collective Tasman East community. Input and creativity from the development team and the City of Santa Clara in creating this 100% affordable project that fronts the district’s key retail paseo will help bring the district vision to life.”
Ensemble is concurrently developing AVE Santa Clara, a 311-unit, eight-story residential community, which will open in late 2024. AVE is a Korman Communities brand specializing in best-in-class apartment living. It will offer fully furnished as well as unfurnished units with month-to-month leases and on-demand business and resort amenity space.
Mainline North and AVE Santa Clara are two of seven residential projects Ensemble has planned for the Tasman East District in the heart of the Silicon Valley, creating a vibrant mixed-use community. When complete it will offer up to 4,500 residences in a mix of architecturally distinctive mid- and high-rises, up to 100,000 square feet of food and beverage and retail, and a 10-acre system of connected parks and open spaces. It is adjacent to regional transit and walkable to shopping, dining and entertainment at the city center of Related Santa Clara’s nine million square foot mixed-used master plan and Levi’s Stadium.
Ensemble, working with Korman, is also developing a similar low-income home project as part of its $4.8B commitment in the Navy Yard of Philadelphia. The 10-year, 40-building comprehensive plan includes life science and corporate, residential, hospitality and retail at an historic navy yard location.