A New York City-based private equity firm has purchased the 13.3-acre property at 3905 Freedom Circle in Santa Clara. Greystar, the former owner, has secured approval for a 1,075-unit residential development across the property. Cerberus Capital Management, the new owner, is a multibillion-dollar investment firm chaired by a former US Vice President.
The City of Santa Clara has published its approval of the environmental review of the Freedom Circle Greystar Project, a multi-structure residential project at 3905 Freedom Circle, Santa Clara County. The development will create 1,075 new homes, a new public park connecting to the San Tomas Aquino Creek Trail, and ground-level retail. Greystar is responsible for the application.
The Santa Clara Planning Commission will review plans today for Greystar’s Freedom Circle project, a 13.3-acre development with over a thousand homes and retail in the Freedom Circle Focus Area. The project would create three new apartment buildings with one retail space and a two-acre public park. The Intel Corporation is the property owner.
Greystar is planning a massive three-structure residential development for 3905 Freedom Circle, Santa Clara. New documents published via CEQA show the development, dubbed Freedom Circle Residential, would create 1,075 new homes on top of 13.3…