Prometheus Real Estate Group is becoming a familiar name in Mountain View's City Hall as it announces its second apartment proposal since beginning construction on the former Minton's Lumber site.
Prometheus just made a deal to purchase the former Western Appliance building and neighboring Tropicana Lodge on El Camino Real, both of which would be torn down for an apartment complex, possibly Prometheus' third such project in recent years if the City Council approves. The 1.39-acre site could see a complex of up to four stories with underground parking. The zoning for the site allows 97 units, or 70 per acre.
"We are planning a new, state of the art, luxury apartment community for this property — consistent with the City of Mountain View's draft general plan, the Grand Boulevard Initiative, and the planned VTA Bus Rapid Transit program," wrote Jon Moss, executive vice president for Prometheus, in an email.
Prometheus is also designing an apartment complex of similar density at the corner of Moffett and Central Expressway after the City Council recently allowed city planners to begin work on it with a "gatekeeper request" approval, something Prometheus still needs to obtain for its most recent purchase.
— Daniel DeBolt