Kapital Partners and SWENSON Open Nanda on The Alameda in Santa Clara

SANTA CLARA, Calif. - Sept. 15, 2026 - PRLog -- Kapital Partners, a multi-stage family office company based in Campbell, and leading real estate development company SWENSON, announce the completion of Nanda on The Alameda, a new mixed-use residential community located at 2685 The Alameda in Santa Clara. The four-story development, recently opened for pre-leasing, delivers thirty four thoughtfully-designed apartment homes and activated ground-floor retail space, transforming the long-vacant and environmentally-challenged property into a vibrant residential destination.

Situated directly across from Santa Clara University, Nanda on The Alameda offers a mix of one-, two-, and three-bedroom residences designed for students, young professionals, university faculty, and residents seeking a walkable lifestyle with convenient access to housing, shopping, dining, and transportation. The project represents the successful redevelopment of a former gas station site that remained vacant for decades and required extensive environmental remediation before construction could begin. Through the vision of Kapital Partners and with the integrated development, architecture, and construction expertise of SWENSON, the underutilized property has been transformed into a modern residential community, contributing new housing to one of Silicon Valley's most supply-constrained markets.

"Nanda on The Alameda demonstrates what is possible when thoughtful development, innovative design, and collaborative execution come together around a shared vision," said Case Swenson, CEO of SWENSON. "This project presented unique challenges, from environmental remediation to urban infill design, but through a close partnership with Kapital Partners and our integrated design-build approach, we were able to transform this site into a community that adds much-needed housing while enhancing the character and walkability of The Alameda corridor."

Early collaboration between the teams helped refine the project's parking strategy, replacing a more costly subterranean parking structure with a combination of at-grade parking and mechanical vehicle stackers. The solution preserved the project's development goals while improving efficiency and supporting overall feasibility.

"What began as a vision to revitalize a challenging site has become a community that reflects our commitment to thoughtful, long-term investment in Silicon Valley neighborhoods," said Anjuli Nanda Habbas, Partner at Kapital Partners. "Nanda on The Alameda delivers housing in a location where people can truly live, work, learn, and connect without relying on a vehicle. We are proud to bring this community to Santa Clara and grateful for the partnership and expertise SWENSON brought to every phase of the project."

Designed through a collaborative effort between Kenneth Rodrigues & Partners and SWENSON, the community features contemporary architecture, a second-floor landscaped courtyard with outdoor gathering areas and barbecue facilities, a resident lounge, electric vehicle charging stations, and secure bicycle storage. Each residence includes modern finishes and amenities, including stainless steel appliances, luxury plank flooring, European-style cabinetry, generous ceiling heights, ample storage, and private patios or balconies in select units.

Nanda on The Alameda stands as a model of successful urban infill development, demonstrating how environmental stewardship, strategic redevelopment, and collaborative project delivery can transform underutilized properties into thriving community assets while addressing the critical housing needs of Silicon Valley. To learn more, visit www.nandaonthealameda.com.

About Kapital Partners
Founded in 2018, Kapital Partners is a multi-stage family office managing investments for the Nanda Family. The office focuses primarily on  real estate development in the multi-family and limited service hotel sectors, as well mutli-stage direct and fund investments in health care and technology. For more information, visit Kapital Partners at https://kapitalp.com/.

About SWENSON
For over one hundred years, the Swenson family has been a dynamic partner in building Northern California. Four generations of expertise, along with a proven Design-Develop-Build platform, deliver an unparalleled level of creative design, quality developments, and efficient construction practices. Throughout the Golden State, the wide range of real estate services by SWENSON is backed by decades of resources, referrals and sound business practices that have made the storied company a respected leader.  Learn more at swensonbuilders.com.