Market Overview

LMC Announces Start of Leasing at Capitol 650


LMC Announces Start of Leasing at Capitol 650

Milpitas community has co-working spaces, commuter-friendly connectivity to Silicon Valley

PR Newswire

MILPITAS, Calif., July 26, 2018 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced the start of leasing at Capitol 650, a new apartment community located in Milpitas on the northeast portion of the South Bay.

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Capitol 650, which offers convenient access to the tech hubs in the Silicon Valley and San Jose, features 351 apartment homes and a top-of-the-line amenities package, including co-working spaces with conference rooms and open seating. First move-ins at the five-story community are anticipated for August.

"The entire area surrounding Silicon Valley is booming with new development, and it comes without the ultra-high price tag of living directly in the Valley or San Francisco," said JJ Abraham, division president of California for LMC. "Capitol 650 will provide the innovative living experience and cutting-edge amenities that residents demand, particularly those in tech-dominated markets, and we believe the community will offer an unmatched living experience in the neighborhood."

Capitol 650 is a transit-oriented development located across the street from two mass-transit options – the brand-new Milpitas/Silicon Valley BART station and the Montague VTA light rail station. Both stations offer commuters direct access throughout the Silicon Valley, to job centers such as North San Jose (two miles away) and to downtown San Jose and San Francisco. In addition, nearby Interstates 880, 680 and 101 and Highways 237, 87, 85 and 17 provide connectivity to major employment centers and technology headquarters.

In addition, the San Jose International Airport is located five miles from the community while the Oakland International Airport is a 40-minute drive north. The bikeable, walkable community sits adjacent to the Great Mall of the Bay Area, which contains 1.4 million square feet of shopping and dining options. The community also provides an outlet for outdoor activities with more than one acre of onsite public parks.

Capitol 650 consists of one- and two-bedroom apartment homes of varying sizes. Community amenities include an outdoor swimming pool, panoramic sky deck, resident lounge, game room, pet washing and grooming station, large mailroom with Amazon Hub package lockers, spa, BBQ space, an expansive two-story fitness and training facility and a rooftop entertainment room with floor-to-ceiling glass and skyline views. The panoramic sky deck features a fire pit and seating areas. Residents will also have access to private bike storage with adjacent onsite bike repair.

Apartment interiors come equipped with nine-foot ceilings, quartz countertops with full ceramic tile backsplashes, modern cabinetry, custom pendant lighting, stainless steel appliances, wood-style flooring, full-size washers and dryers, walk-in closets, automated roller shades, programmable thermostats and full tile surrounds in the showers.

Including Capitol 650, LMC has more than 1,500 apartment homes in operation or under construction in the Bay Area.  

About LMC
LMC, a wholly owned subsidiary of Lennar (NYSE:LEN), is a multifamily real estate development and operating company with a diverse portfolio of institutional quality multifamily rental communities across the US. LMC has a 24,400-unit pipeline of communities ranging from operating to under development that exceeds $8.4 billion and consists of high-rise, mid-rise and garden apartments.

LMC creates extraordinary communities where people can live remarkably.

Media Contact                                              
Lindsey Bernhardt                                                        
LinnellTaylor Marketing                                            


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SOURCE Lennar Multifamily Communities (LMC)

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