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AvalonBay nearly doubles Mountain View housing plans as AI moves into town
AvalonBay Communities is significantly expanding its Mountain View housing project, nearly doubling the units at Eaves Mountain View from 402 to 725. This expansion is driven by the surging demand for housing in Silicon Valley, fueled by the influx of tech and AI companies like OpenAI, which recently leased a large campus nearby. The project benefits from state density bonus laws and highlights a trend of developers restarting previously stalled projects to address the region’s housing crisis.