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North 40 Phase II is a 15.65-acre project located in Los Gatos, California, in the heart of Silicon Valley.
The project was designed to help the Town of Los Gatos combat a housing shortage and help meet its State housing requirements for the next seven years. The project will deliver over 450 new homes, of which 20% will be allocated to low- and very-low-income affordability levels. A mix of affordable homes, for-rent apartments, and town homes are situated around a two-acre park that will be accessible to the public.
Other project highlights include 100% all-electric power in the residential buildings, a comprehensive site wide storm water management program, solar powered common areas of the multi-family and retail buildings, and over 30% of the site dedicated to public open space.
The project will also provide a Transportation Demand Management (TDM) program to help incentivize the reduction of vehicle miles traveled. The program will include robust bicycle infrastructure including expanded bike paths and e-bike charging opportunities.
Grosvenor’s 2030 Net Zero Carbon Commitment (WGBC)
North 40 Phase II will meet Grosvenor’s 2030 Commitment to achieve Net Zero Operational Carbon through thoughtful design elements, all-electric appliances, efficient lighting and heating and cooling systems, renewable energy, and the strategic purchase of carbon credits.
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Certain information contained in this page, including, but not limited to, the environment, social and governance targets set within, are forward-looking statements regarding Grosvenor’s goals and objectives, and are based on current expectations, assumptions, estimates, projections, opinions and beliefs. Forward-looking statements are inherently uncertain, and actual results may differ materially from those reflected within. Grosvenor does not assume any obligation to update such information, whether as a result of new information, future developments or otherwise, except as required by law.