Wednesday, 08 July 2026 02:45 PM
Company Update
The Second Residential Community from Ensemble Real Estate Investments Opens Fall 2028,
Building on the Success of AVE Santa Clara and an Expanding Retail Corridor
LONG BEACH, CA / ACCESS Newswire / July 8, 2026 / Parkside, Ensemble Real Estate Investments' second residential community in Santa Clara's Clara District - and the first project in the district's second phase - is now under construction. Notably, it is among the first developments in the Bay Area to advance into construction following the sharp rise in interest rates between 2023 and 2025. Featuring 301 premium residences and a thoughtfully curated collection of first-of-its-kind amenities, Parkside represents the next major milestone in Ensemble's vision to shape the Clara District into one of Silicon Valley's most dynamic live-work-play destinations. Parkside is expected to welcome its first residents in Fall 2028.
Situated next to Calle Del Mundo Park at 2301 Calle Del Mundo, the multi-family community features an elevated pool deck and courtyard, an "Amenity Hall" with a host of active and relaxing uses including a movie theater, poker / mahjong room, game areas, and karaoke lounge, and a two-story fitness center. Parkside also introduces a curated suite of amenities unlike anything else in the South Bay:
Golf simulator lounge
Podcast studios
Zen Courtyard with outdoor seating, fireplaces, BBQs and a yoga lawn
Poolside Lounge and Club Room with a chef's kitchen and bar
Top floor Sky Lounge and Deck
Dog spa and park
Co-working lounge with reservable private meeting and conference rooms
Indoor/outdoor park: a lush green space equivalent in scale to half a public park
A reservable community room: the first of its kind in the Clara District, offering residents a dedicated, flexible space for private events and gatherings
Secured parking garage
With Parkside underway, Ensemble continues to invest in the long-term vitality of the Clara District, with additional projects planned for the district in the years ahead.
"Parkside marks a defining milestone for the Clara District. We set out to build a compelling district more than 10 years ago that would raise the bar for residential living in Silicon Valley, and with each new phase, that vision continues to come to life," said Steve Edwards, SVP of Lifestyle Development, Ensemble Real Estate Investments. "With its innovative and curated amenities, elevated design, and vibrant and immersive living experience, Parkside builds on that momentum - bringing new energy to a community that is just beginning to realize its full potential."
The Clara District is one of the most transformative developments in Silicon Valley, reimagining a 45-acre industrial area in northern Santa Clara as a vibrant, high-density neighborhood that brings housing, jobs, transit, and amenities together in one of the region's most dynamic locations. The district is planned as a vibrant mixed-use community, totaling 4,500 residences (2,200 residences already built) in architecturally distinctive mid-rises and high-rises; up to 50,000 square feet of food, beverage, and retail; and 10 acres of parks and open spaces connected by landscaped greenways and pedestrian walkways. Adjacent to regional transit and walkable to shopping, dining, and entertainment at Related Santa Clara's 9-million-square-foot mixed-use master plan and Levi's Stadium, the district is setting a new standard for urban living in the heart of Silicon Valley.
"The Clara District is exactly the kind of forward-thinking development Santa Clara needs: one that brings housing, jobs, and vibrant public spaces together in a way that strengthens our community for generations to come. The groundbreaking of Parkside is a proud milestone for our city, and I look forward to seeing this district continue to grow and expand," said Lisa M. Gillmor, Mayor of Santa Clara.
The Parkside groundbreaking is a direct reflection of the success Ensemble has achieved with AVE Santa Clara, the district's inaugural residential community. AVE Santa Clara reached full occupancy with all units leased in record time and has seen the majority of its residents choose to renew, a powerful testament to the quality of life the district offers. The community was recently honored with the prestigious CoStar Impact Award for Best Multifamily Development in the Bay Area, one of the commercial real estate industry's most visible recognitions, reserved for developments that have elevated the communities they serve. AVE Santa Clara's differentiated offering - including 100 fully furnished apartments for stays of 30 days or longer, a first for the South Bay market, and the newly launched AVEnture Hub designed to encourage residents to embrace an active lifestyle and explore California's outdoor resources - has set the standard upon which Parkside is built.
"We set out to build a great project," said Rob Gomez, VP of Development at Ensemble, "and the results from leasing velocity, renewals, and reviews certainly prove that we achieved our goal and beyond."
Rounding out the district's momentum, the Clara District's retail corridor is expanding rapidly, with leasing activity accelerating and new operators selecting the district as their address of choice. The newest addition, a matcha and coffee concept set to debut late in the year, will join a coastal Italian steakhouse whose buildout should be complete later this Summer. Both concepts are located on the ground floor of AVE Santa Clara, with additional retail announcements anticipated in the months ahead. Elsewhere in the district, a billiards-centered sports bar has recently received approval from the City, with its buildout forthcoming. For retail operators, the Clara District represents a rare opportunity to establish a presence in one of Silicon Valley's most dynamic and fastest-growing neighborhoods.
About Ensemble Real Estate Investments:
Over the past 40 years, Ensemble has successfully invested and developed more than $2 billion in real estate across the United States and has $2 billion in the pipeline, offering state-of-the-art property solutions in the multi-family/mixed-use, healthcare/life science, hospitality, and commercial sectors. A widely respected leader in its industry, Ensemble has revolutionized the art of master planning, delivering iconic buildings - all designed to transform and inspire the communities they serve. Headquartered in Long Beach, California, Ensemble also has offices in Philadelphia and Phoenix. For more information, visit www.ensemble.net.
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Media contact: Alison Stout at Aspire PR - [email protected] or (415) 307-1682.
SOURCE: Ensemble Real Estate Investments