PPrometheus Real Estate Group develops, owns, and manages apartment communities in the San Francisco Bay Area, Seattle, and Portland. It is vertically integrated with four in-house core competencies: acquisitions/investments, development, value-add renovations, and operations/property management. The company emphasizes place-making and community-focused design, with a portfolio of over 13,000 apartments and a history dating back to its first Bay Area garden-style building in 1965. As a B Corporation with a track record of awards and more than 500 employees, it aims to create charming, welcoming, and enduring homes in vibrant neighborhoods while pursuing sustainable, community-oriented growth.
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Industries
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
San Mateo, California
Founded
1965
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Prometheus opens 172 apartments in Los Altos. Prometheus Real Estate Group has opened Harken, a 172-unit apartment community at 5150 El Camino Real in Los Altos, California, with 29 below-market-rate homes available. Image courtesy of Prometheus Real Estate Group Traded Editorial * Prometheus Real Estate Group has opened Harken, a 172-unit apartment community at 5150 El Camino Real, Los Altos, California.
Prometheus Real Estate Group addresses California's housing shortage with launch of Harken apartment community in Los Altos. October 14, 2026 SAN MATEO, CA - Prometheus Real Estate Group, one of the Bay Area's leading private multifamily operators, announced the opening of Harken, a new 172-unit apartment project at 5150 El Camino Real in Los Altos. Harken will be Los Altos' first new apartment project in decades and will offer large, thoughtfully designed one- and two-bedroom homes, averaging 1,134 square feet each. The property will also include 29 below-market-rate affordable housing units and help to address California's ongoing housing shortage. "Due to the lack of construction in recent years, it's charming downtown, great neighborhoods, and strong school district, it's been nearly impossible to find a place to live in Los Altos," said Don Peterson, Senior Vice President at Prometheus Real Estate Group. "With all of this in mind, Harken was designed to offer something different: a boutique experience with quality materials and thoughtful details throughout." Harken is a play on the term "harkening back," and its design centers on creating a respite from the pace of everyday life, with spaces that encourage slowing down and connection. Natural light and warm wood tones shape its design, complemented by a private listening lounge, two lobbies, and a clubhouse for work or gatherings. Amenities include a 24/7 gym, featuring Technogym cardio and strength-training equipment, a multi-functional training rack, a pool, a separate 20-by-10-foot spa, and towel service. Harken is located less than two miles from three top-rated Los Altos schools, including Almond Elementary School, Ardis G. Egan Junior High School, and Los Altos High School. The new luxury property is also less than two miles from the San Antonio Caltrain station, from which residents can travel to major metropolitan areas such as San Francisco and San Jose. Sitting between the downtowns of Los Altos and Mountain View, Harken provides easy access to both cities and is the best of both worlds. Leasing at the new Harken property begins this month, with occupancy expected to start in November. The waiting list is open now, with tours coming later this year.
At its meeting Monday, the commission voted unanimously to approve Prometheus Real Estate Group Inc.'s plan to build an eight-story residential building on Kifer Road just west of Lawrence Expressway.
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Industries
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
San Mateo, California
Founded
1965
Find jobs on Simplify and start your career today