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Developer proposes new gateway to downtown Mountain View with seven-story condominium project | News

In a bid to revitalize a key gateway to downtown Mountain View, a local developer is proposing to build a seven-story condominium and commercial complex at the corner of Castro Street and El Camino Real.

Since 2015, GPR Ventures, a real estate investment firm headquartered in Mountain View, has been steadily acquiring properties along the city’s downtown corridor. Called the Castro Commons, the project site spans 1.5 acres and extends for nearly two blocks of the east side of Castro, from El Camino Real to just short of Yosemite Avenue.

Two years ago, GPR Ventures completed its most recent land purchase for the site, acquiring two properties for $19.1 million. The deal was described at the time as one of the most expensive land prices paid for the area.

Given its size and centrality to Castro Street, the project has the potential to raise concerns about what would become of the downtown area. But the company’s co-founders, Glen Yonekura and Phil Rolla, have sought to dispel some of these fears with their close ties to Mountain View. Yonekura lives less than a mile from Castro Street, and Rolla is a local resident, which they say has positioned them well to address community issues.

“Housing is needed here,” Yonekura said, adding that the community did not want to see more offices being built downtown.

Instead, GPR Ventures is proposing to build 104 condominium units and over 13,000 square feet of ground floor commercial space. The residential units are a mix of studio, one, two and three-bedrooms, with 83 slated as market rate units and 21 as below-market rate units, according to the company’s website.

The idea is for people to live near where they work, Yonekura said, noting that the development also will help revitalize the downtown area with more

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