These Developers Are Building Rare Condos In Silicon Valley
Silicon Valley is facing a shortage of new condo development. Affordability continues to worsen in Silicon Valley, and many residents are struggling with rising rents and home prices.
After the market crashed, more apartments went up than condos, making for-sale developments a rarity in Silicon Valley, according to the Mercury News. Rapid job growth and pushback from local cities against development also are impacting the development pipeline. Now home prices have reached an average of $1M in Santa Clara County and are over $1.3M in San Mateo County, according to Pacific Union. For-sale homes and condos spent an average of just 10 days on the market in May.
Here are some of the condo projects headed to Silicon Valley.
Almaden Terrace
Developer: SiliconSage Builders
Location: 1821 Almaden Road, San Jose
Units: 96
Expected completion: End of 2018
This five-story complex will include about 200 parking spots, a pool, a gym and a community room. These condos are expected to appeal to…
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The Fabulous Real Estate Of The Tour De France
July 1 marked the beginning of the Tour de France, the three-week cycle race that is among the most grueling events in sporting history.
The race itself and the incredible endurance of the riders is the main point of focus: the breakaways, the sprints, the lung-busting climbs, the questions about drug use. France itself is an inextricable part of the cross-country event, and the race plays out against an incredible backdrop of mountains, vineyards and villages.
Here is a selection of fantastic properties that are up for sale on or close to the route of this year's race.
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