MOUNTAIN VIEW, CA - Oakwood Worldwide announced it added a newly constructed 149-unit multifamily apartment complex in Mountain View, Calif., to its global portfolio of managed apartments. This is the third property acquired in the area, and the seventh property acquired in the United States by Singapore-based Mapletree Group, as part of the joint venture between Mapletree and Oakwood Worldwide.
"Expectations of greater work/life balance and the fluidity of being able to work from home, the office and points in between are driving the evolution of what corporate housing looks like," said T.J. Spencer, vice president sales, Oakwood Worldwide. "Oakwood Mountain View provides that ideal balance between office and home, with its modern design and variety of community spaces, including a resident lounge, co-working spaces and private collaborative rooms that can be reserved by our guests and residents. It is a perfect blend of living and working that will provide our guests with a sense of community, room to relax as well as a place to get some work done while they are traveling."
Available for immediate occupancy, Oakwood Mountain View consists of one- and two-bedroom furnished and unfurnished apartments with 10 different large, open floor plans to meet guests' varied needs. Some of the unfurnished units will be reserved for affordable housing for long-term tenants. All of the apartments feature spacious master suites with large closets and in-unit washers and dryers, well-equipped kitchens and private patios and balconies. The furnished units, geared toward corporate travelers, feature modern, contemporary and transitional style furniture. Each apartment also features a 48" Smart TV in the living room. The property provides residents with an outdoor spa, fitness room, co-working space and a pool with a sundeck.
The property is located near downtown Mountain View and is five minutes from the well-known Castro Street, which offers cozy cafés and renowned restaurants. The weekly farmers market on Sunday is located just four blocks away. Additionally, it is just minutes away from the Caltrain, US 101, San Jose Airport and San Francisco International Airport.
"From an investment point of view, this property is ideally located in the heart of Silicon Valley, a region ranked 16th in the country in terms of gross domestic product growth," said Mike Jara, West Coast acquisitions director, Oakwood Worldwide. "The demand for corporate housing far exceeds the supply in the area and the surrounding companies generate ever-increasing demand. Oakwood Mountain View will allow us to meet our clients' current needs as well as support their continued growth."