Santa Clara Planning Commission gives Kapital Partners approval for mixed-use development

SANTA CLARA, Calif. - July 19, 2023 - PRLog -- Campbell-based Kapital Partners, a multi-stage family office company, has received approval from the Santa Clara Planning Commission to move forward with a mixed-use residential project at 2655 The Alameda in Santa Clara. Located next to Santa Clara University, the project is expected to provide much needed student housing.

A vacant corner lot that was formerly a gas station, Kapital Partners has also undertaken remediation of the site in order to develop this project. Plans for the 18,000 square foot lot include 39 residential units over 1500 square feet of retail on the first floor. Additional features will include an open-air courtyard in the middle of the building and amenities such as a BBQ, ping pong tables, and picnic tables for residents.

"This lot has the potential to be so much more," said Kapital Partners Partner Anjuli Nanda Habbas. "We are excited to be part of a project that can change this blighted location into a new and dynamic space more reflective of the needs of the community. A graduate of Santa Clara University myself, for me, this project is personal."

If the project receives approval from the city council, construction is expected to begin in 2024 with completion by the end of 2025.

About Kapital Partners

Founded in 2018, Kapital Partners is a multi-stage family office managing investments for the Nanda Family. The office focuses primarily on multi-stage direct and fund investments in real estate and technology. For more information, visit Kapital Partners (https://www.kapitalp.com/).