Cityview and Greystar Seal the Deal on Elan Mountain View Mixed-Use Community
In a notable transaction that exemplifies the dynamism of the multifamily real estate sector, Cityview and Greystar have successfully divested a standout mixed-use project, Elan Mountain View, to new proprietors. This 164-unit community, nestled in the vibrant core of Downtown Mountain View, California, not only boasts luxury living spaces but also a bustling 11,000 square feet of ground-floor retail, all of which is currently fully occupied.
The essence of multifamily living is not just about offering a roof over one’s head but rather about crafting a lifestyle, a sentiment echoed by Cityview’s CEO Sean Burton: “With its ideal location, ample amenities, and unique retail offerings, Elan Mountain View has been extremely well received by residents and the surrounding community. It’s been a pleasure to partner with Greystar on this property and we look forward to seeing its continued success.”
Indeed, Elan Mountain View has set the bar high with an array of features that cater to modern living and convenience. Its varied floorplans exhibit upscale finishes like quartz countertops, smart thermostats, and keyless entries, along with communal amenities that promote an active and engaged lifestyle. Among these are a fitness center equipped for the health-conscious resident, a club room that serves as the social hub of the community, and an outdoor courtyard that offers a slice of serenity with its lounge and garden spaces.
Moreover, Elan Mountain View’s strategic location is truly second to none. Centralized with proximity to the Mountain View Caltrain Station and major highways, residents enjoy unparalleled access to leading tech hubs and the cultural mosaic of Downtown Mountain View restaurants, bars, and shops. It embodies the live-work-play ethos that many desire, placing residents within easy reach of Silicon Valley’s tech giants.
This sale marks another chapter in the property’s story, which began with Cityview and Greystar breaking ground in 2016 and celebrated the completion of construction in 2018. As Cityview and Greystar pass the torch to new stewardship, Elan Mountain View stands as a testament to thoughtful design, strategic planning, and the magnetic appeal of holistic community development in the multifamily space.
The future looks promising for Elan Mountain View as it continues to thrive under fresh ownership, providing a home to happy residents and vibrant retail partners like Rose International Market and Oh! Honey Macaron. This transaction is not only a significant milestone for Cityview and Greystar but also a reaffirmation of the multifamily industry’s resilience and ongoing evolution. It’s these sorts of developments that sustain the multifamily sector’s momentum, paving the way for more innovative, community-centered living spaces much to the benefit of cities like Mountain View.