$250M secured for office and hotel mixed-use development in Bay Area

HFF has announced $250 million in financing for the development of a mixed-use project in Mountain View, Calif.

Ameswell Mountain View is a mixed-use project comprising of a 255-room hotel and a 216,700-sq.-ft. Class A, LEED-Platinum office building.

HFF worked on behalf of the developer, Broadreach Capital Partners, to arrange a joint venture equity partnership with Rockwood Capital. Additionally, HFF worked on behalf of the parties to secure the $140 million construction financing with Wells Fargo Bank.

Ameswell is positioned directly off Highway 101 and Moffett Boulevard in Mountain View and has access to Highways 85 and 237 and Interstate 280, which provide direct access to the entire Bay Area.

The steel-frame, five-story LEED-Platinum creative office building will feature floor-to-ceiling glass lines, 14-foot ceilings and 47,000-sq.-ft. floorplates. Amenities include a 2.5-acre park, terraces and break-out areas to merge workspace and nature, dedicated bike and pedestrian trails and electric vehicle charging stations. A six-tier parking structure will support the development.