ASCENT is a Cdn$200.9 million (US$196.9 million) multiresidential development project located in the southeast area of San José, California and will offer a gross leasable area of 57,850 m2 (622,710 ft2). When completed, the complex will comprise 648 Class A residential units forming part of an urban redevelopment scheme that includes an adjacent shopping centre with more than 27,870 m2 (300,000 ft2) of leasable area and with Safeway and Target among the retailers.
ASCENT will offer clients an upscale experience featuring luxury units, modern architecture and community facilities such as a large saltwater pool and a luxurious spa as well as an outdoor kitchen equipped with professional appliances, barbecues and an authentic pizza oven, plus a complete fitness centre, a yoga court and an acre of parkland for residents.
The project is located in Silicon Valley, a market with solid economic growth and a job outlook among the most positive in the United States. The completion of work on ASCENT will coincide closely with the end of construction on the new Apple campus (2015), a 260 130 m2 (2.8 million ft2) office project located on 715 353 m2 (7.7 million ft2) of land and accommodating 13,000 employees. Other major employers nearby include Hitachi, Kaiser Hospital and IBM Research as well as large business parks.
The complex will be easy to reach by the 101 and 85 freeways, which border the site on the south. There are also two passenger rail systems within walking distance: regional light rail (located 320 metres away, providing access to downtown, the airport, etc.) and the super-regional CalTrain system (with a station 965 metres away and trains reaching San Francisco in one hour, 50 minutes). Ascent will include 648 parking spaces.