Apartment, Hotel Development Gets Underway

CUPERTINO, CA-Development of 206-unit luxury apartment complex and an adjacent 224-room, four-star hotel gets underway here today with a groundbreaking ceremony. Prometheus Real Estate Group and the Kimpton Hotel and Restaurant Group are the developers.

Being built at the corner of DeAnza and Stevens Creek boulevards, the Cypress Hotel and the Verona Apartments will wrap around a one-acre city plaza that will provide local residents with a long-awaited central gathering place for outdoor dining and special events.

Prometheus’s Verona project includes a four-story building that will face Stevens Creek Boulevard and the City Plaza and an eight-story building that steps back from the boulevard and defines the east and south boundaries of the property. Framing the remaining side of the City Plaza will be the luxury four-star Cypress Hotel designed by Gensler Associates.