Scape North America has plans to develop a multifamily development in downtown San Jose, Calif.
The project received a $182.5 million loan.
Located at 600-618 South First Street, Scape SoFA will offer 336 residential units consisting of a mix of studios, one- and two-bedrooms, as well as approximately 6,000 square feet of ground-floor retail. The 23-story tower will include a café, tenant lounge, fitness center, roof deck, pool, yoga studio and 111 parking spaces. The tower is ideally located for professionals at the neighboring corporate campuses of Oracle, Zoom, eBay, SAP and Adobe; Google’s new downtown San Jose campus; and faculty, staff, graduates and undergraduates at nearby San José State University.
“In recent years, downtown San Jose has seen a resurgence of local retail and restaurants moving in driven by innovative tech companies, including Google’s new transformative campus bringing over 25,000 jobs to the neighborhood. However, supply of hig
