Savoy by Greystar Named Best Market Rate Residential Project

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Rental housing developer’s Sunnyvale community honored by Silicon Valley Business Journal’s Structures Awards

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Greystar, a global leader in the development, investment, and management of rental housing today announced that its Sunnyvale-based apartment community Savoy has been named “Best Market Rate Residential Project” in Silicon Valley Business Journal’s Structures Awards. The annual Silicon Valley Structures Awards recognize the best projects, deals and leases across Silicon Valley. Featuring honorees that were under construction, started or finished between June 1, 2019, to June 1, 2020, the 2020 Structures Awards will host a virtual awards gala on September 16 to formally announce and honor the winners. Savoy will be highlighted in a dedicated issue of Silicon Valley Business Journal that will feature the 22 real estate awards in print and online on September 18.

“Savoy represents the first residential project to come to life in the Lawrence Station Area Plan around Caltrain and we are thrilled to have our efforts recognized for this vibrant community,” said Andrew Morcos, Senior Director, Development at Greystar for Northern California. “We are grateful to every member on our team for their dedication, and to the City of Sunnyvale for working hand in hand with us on this development that represents an exciting milestone for the community.”

Recently opened in Summer 2020, Savoy offers 520 residential units and a host of onsite amenities with the most convenient access to the Lawrence Caltrain Station. Rooftop decks with social spaces and co-working areas typify the community’s carefully curated amenities, ideal for urban professionals. Community features include co-working areas and bookable meeting rooms, Savoy Green central park, two indoor/outdoor fitness studios, bike parking, pet spa and relief area, two rooftop decks with social spaces and TV, electric car chargers available, two clubroom lounges, two courtyards with BBQs, dining areas and 75-foot lap pools, and a bike repair shop and bike storage room. Savoy also features a multilevel parking garage, retail and restaurant spaces situated along Kifer Road. Offering signature one- and two-bedroom floor plans, the apartments are each outfitted with gas ranges, NEST thermostats and keyless entry, hardwood-style plank flooring, stainless steel GE appliances, Quartz countertops, and in select units, a balcony/patio and walk-in closets.

Designed by architectural firm Studio T-Square and executed by BDE architecture with interior design by Parisi Portfolio, Savoy features a welcoming yet minimal aesthetic, inspired by patterns found in nature, carried throughout the clubroom lounges to the residences which range in floor plans from studios to two-bedroom, two-bathroom apartments. Nodding to the area’s history, the design infuses its past as a pastoral landscape with its current status as a booming tech hub.

“It has been an enriching experience working with the Sunnyvale community to provide much needed housing near transit,” added Ali Warner, Senior Managing Director Development at Greystar. “We are grateful to be honored alongside our consultant team for Savoy where our vision was to create a wonderful and unique living environment where residents can thrive.”

Residences at Savoy are currently available for lease. To learn more, visit liveatsavoy.com.

About Greystar

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates over an estimated $200 billion+ of real estate in nearly 200 markets globally including offices throughout the United States, United Kingdom, Europe, Latin America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing approximately 693,000 units/beds, and has a robust institutional investment management platform with approximately $35.5 billion of assets under management, including over $15 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit greystar.com.

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Murphy O'Brien
Greystar
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