The developer of a 389-unit apartment complex on Sutter Boulevard in Morgan Hill plans to complete the project in late 2023.
Construction began in April on the project, known as Vida. The developer, MBK Rental Living, is planning a groundbreaking ceremony with local authorities in early June, says a press release from MBK Rental Living.
The project is located on a 19.5 acre site at the northwest corner of Sutter and Butterfield Boulevards. The project will also be bounded by Jarvis Drive to the north and Monterey Road to the west.
MBK Rental announced its recent acquisition of the project in the May 17 press release. MBK is partnering with Haseko Corporation to develop the apartment complex.
“Vida marries the best of location, comfort and culture to a place that needs accommodations,” the press release reads.
The project will consist of two- and three-storey buildings that will offer one- and two-bedroom garden-type apartments. The property includes a fitness center with a yoga room; resort-style pool with separate area for a children’s pool, club room and games lounge and California room, the press release said. There will also be a co-working space with semi-private pods and fully furnished outdoor spaces, encouraging residents to “indulge in a seamless indoor-outdoor lifestyle.”
“The lifestyles of our future residents have guided our decisions in this community every step of the way,” said Lisa Cabral, Senior Director of Design and Marketing, MBK Rental Living. “We know they will be inspired to enjoy all that Morgan Hill has to offer, including farmers markets, art galleries, wineries and hiking to name a few, and we want offer them a warm and inviting place. to land with elevated amenities that cater to their busy lifestyles.
Ryo Yamakawa, President of Haseko America, Inc., added, “Haseko is proud to partner with experienced and trusted developer, MBK Rental Living, in its fourth apartment joint venture. We are confident that the gateway location to Silicon Valley with well-designed, lifestyle-oriented apartments will bring success to our project. We continue to pursue more residential investment opportunities and expand our business in the United States.
The 389-unit project includes 78 units for “very low-income” residents, according to the city of Morgan Hill’s website.
MBK expects Vida to celebrate its grand opening in late 2023.