Ensemble Investments Set to Launch Two New Projects in Santa Clara:
AVE Santa Clara and Clara’s Junction, Four Additional Developments in Progress
Conveniently situated within walking distance of Levi’s Stadium, Clara’s Junction
will open just in time for the 49ers season, providing a prime game-day destination
LONG BEACH, Calif. (September 09, 2024) – Ensemble Investments is set to unveil two new developments in north Santa Clara, further enhancing the Silicon Valley region. The projects, AVE Santa Clara – elevated apartment living, and Clara’s Junction – a Food and Beverage Garden, are part of the City’s newest residential neighborhood that is poised to accommodate over 8,000 residents at full build out.
Strategically located between Lafayette Street, Guadalupe River, Calle Del Mundo, and Tasman Drive, and just one-quarter mile from Levi’s Stadium, the neighborhood will bring 4,500 apartment units and 65,000-square-feet of retail space to the City of Santa Clara once complete. Of these, Ensemble is spearheading development of six projects, totaling more than 1,250 residential units, 40,000-square-feet of retail and dining space, 40,000-square-feet of creative space, and 40,000-square-feet of public open space. The two new projects nearing completion include:
– Clara’s Junction – Scheduled to open in September, Clara’s Junction aims to become a hotspot within Santa Clara that is transforming the former Carl’s Jr. restaurant and surrounding area into a 15,000-square-foot indoor-outdoor food and beverage garden. Offering a bar and grill with a globally inspired menu, a great set of specialty drinks, local craft beers on tap, games, a live BBQ pit, a Taz’s Taco trailer, and rotating additional food trucks, Clara’s Junction is the perfect place for gathering with friends and family. Conveniently located at the entrance to this new district on Tasman Drive and just a short walk from Levi’s Stadium, Clara’s Junction is set to become a popular destination for both game day celebrations and everyday enjoyment. This vibrant space is a collaboration between Ensemble Investments and Apicii, a bespoke hospitality management and concept development company that runs concepts such as the Seattle Mariners’ bar, grill and beer garden named Hatback. Clara’s Junction will activate the gateway to the new neighborhood with many more mixed-use and retail and food and beverage concepts to come in the area.
– AVE Santa Clara – Opening in January, AVE Santa Clara will bring elevated apartment living to Silicon Valley featuring 311 luxury apartments, including both traditional rentals and fully furnished units with flexible lease options, and 15,000-square-feet of curated food and beverage and retail, envisioned to host a variety of dining and personal care options. The professionally managed community will offer 36,200-square-feet of indoor-outdoor amenity space, including well-appointed lounges, a two-story fitness center, a dog park, Zen courtyards with kitchens, a roof deck garden, and a resort-style pool with fire pits. Interested retail tenants should contact Dixie Divine of Prime Commercial at 408-313-8900. AVE Santa Clara is a partnership between Ensemble Investments and AVE, the residential real estate brand of Korman Communities.
“We are profoundly grateful for Ensemble Investments’ unwavering commitment to the Tasman East area project. After visiting the site and witnessing the remarkable progress, we share in the excitement for the development and its significance to the city,” said Lisa Gillmor, Mayor of Santa Clara. “Ensemble Investments’ visionary approach to this new mixed-use neighborhood and its six state-of-the-art projects will bring enduring economic benefits to the area. We deeply appreciate the positive and lasting impact they are making in our community.”
– Ongoing and Future Developments – In addition to Clara’s Junction and AVE Santa Clara, Ensemble Investments is advancing four other projects within the district. These include:
- Parkside Luxury Apartments: A 301-unit development with an integrated park, projected for completion in 2027.
- Affordable Housing Project: A 151-unit, 100% affordable housing development being built by USA Properties with ground-floor retail, and ample outdoor seating and activity space, expected to be completed by 2025.
- Luxury Apartments: A 198-unit luxury high-rise apartment project across from Related Santa Clara and a multi-modal transit stop, scheduled for completion by 2028.
- A Workforce Project: An affordable project consisting of 89 units.
A future high-rise project with 192 units is also planned for Tasman Drive, offering panoramic views of Santa Clara and further enhancing the district.
“We are thrilled to launch two of our transformative projects in north Santa Clara’s newest neighborhood, with Clara’s Junction and AVE Santa Clara,” said Steve Edwards, Senior Vice President of Lifestyle Development at Ensemble Investments. “Our nearly decade-long collaboration with the City of Santa Clara and other developers has been instrumental in building this new neighborhood from the ground up. This has been one of the most collaborative efforts any of us have experienced in our careers. While winning an American Planning Association award for the new neighborhood is an honor, the true reward will be witnessing the district and its many projects come to life.”
Santa Clara is a hub for innovation, with 14 of the world’s top 20 tech companies headquartered or maintaining a major presence in the Bay Area. Ensemble’s projects will integrate cutting-edge technology to create a smart, connected community, tailored to meet the needs of this dynamic market.
“We are honored by the opportunity to showcase the convergence of residential, mixed-use innovation, placemaking, and more, right here in the heart of Silicon Valley,” said Conrad Garner, Managing Director at Ensemble Investments. “Our Clara’s Junction and AVE Santa Clara projects are uniquely positioned as a gateway to a great new community with top-notch housing, great food and retail options, parks, and multi-modal transit, making it a truly remarkable community.”
Transportation is a key focus as the neighborhood’s location offers walkable access to multi-modal transit options, including Amtrak-ACE Rail, VTA Light Rail, CALTRAIN, and BART, as well as corporate shuttle stops and extensive bike paths.
About Ensemble Investments, LLC
Ensemble is a leading commercial real estate investment firm specializing in comprehensive investment, development, ownership, and management strategies. Established in 1989, Ensemble has consistently delivered transformative projects across multifamily, hospitality, corporate office, life science, and retail sectors. With headquarters in Long Beach, CA, and offices in Phoenix and Philadelphia, Ensemble assembles a diverse group of talented professionals to steward resources with creativity and tenacity, delivering inspiring environments and exceptional experiences. For more information, visit www.ensemble.net.
About AVE and Korman Communities
Korman Communities is a fully integrated, fifth-generation, 100-year-old real estate investment and property management company with nearly 40 properties across the United States and London. AVE specializes in elevated apartment living for discerning renters and individuals seeking a flexible living solution for business or personal lifestyle. AVE conveniently offers traditional unfurnished apartments along with fully furnished apartments with flexible lease options. Each community features a dedicated service team and unparalleled business, wellness, and entertainment amenities such as flex workspaces with gigabit Wi-Fi; resort pools; firepit lounges; 24-hour, state-of-the-art fitness centers; wellness classes; bike share; tranquility gardens; pet spas and parks; media theaters; and outdoor gaming and recreation. Ranked the No. 1 property management company in the U.S. based on renter satisfaction in 2023 and 2024, AVE provides comfort and seamless living for those who want to LIVE BETTER™. www.aveliving.com.
About Apicii
Apicii is a New York City–based hospitality company that has developed and operates a collection of acclaimed restaurants, bars, membership clubs and private event spaces across the country. Apicii is led by CEO Tom Dillon, who has an unparalleled, 30-year track record in hospitality, having created, developed, or operated leading global brands, including five of the 100 top-grossing restaurants in America. Dillon has operated venues that have been covered extensively in the press, including being awarded Best New Restaurant in America, as well as several Michelin-starred venues.
Editor’s Note: For more information and to follow on Instagram for AVE Santa Clara @avesantaclara and visit https://www.avesantaclara.com, Clara’s Junction @clarasjunction and visit https://www.clarasjunction.com, and Ensemble Investments @ensemble_cre and visit https://ensemble.net.
For Immediate Release
Contact: Cameron Andrews
Pier Communications
562-432-5300
