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Momentum for Multifamily Keeps Increasing

A $288.8 million construction loan was recently obtained for MIRO, a pair of 28-story luxury apartment towers comprising more than 600 residences and 20,000 square feet of retail and commercial space in San Jose, due for completion in 2020.

By Lisa Brown | Updated on November 20, 2017

MIRO Multifamily MIRO is a pair of 28-story luxury apartment towers comprising more than 600 residences.

SAN JOSE—The demand for Bay Area multifamily is showing no signs of waning. At the bullseye of this demand is Silicon Valley, which struggles to house its ever-growing tech workforce.

MIRO, a pair of 28-story luxury apartment towers comprising more than 600 residences, is hoped to lessen the load ever so slightly. The project is due for completion in 2020 and will also include 20,000 square feet of retail and commercial space.

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