Aptos Village Phase 2

Last updated: July 2025

Project name: Aptos Village Phase 2

Location: Adjacent to 141 Aptos Village Way in Aptos

Status

• Construction finished in May 2025. Applications closed May 29 for five units priced from $365,000 for a one-bedroom to $428,000 for a three-bedroom condo,  county officials said. Applicants were expected to be selected by a random drawing in late June 2025. Potential buyers had to submit an application and meet Measure J buyer eligibility criteria.

Project timeline

• Aptos Village Phases 1 and 2 were approved in 2015. Phase 1 was completed in 2019. Phase 2 was expected to start in 2019, but “the pandemic and financing constraints resulted in a delay in the construction schedule,” Swenson representatives wrote in a statement.
• Construction started on Phase 2 in summer 2023. 

Developer

Swenson is the developer.

Project description

• Total units: 29, including 18 two-bedroom units, eight three-bedroom units and three one-bedroom units.
• Affordable units: Five for-sale condominiums. 
• Height: Three stories or 35 feet.
• Details: Phase 2 calls for three buildings with housing and commercial space. It includes seven commercial spaces. There is about 15,000 square feet of commercial space in Phase 2, including two spaces with infrastructure for a restaurant, Swenson representatives wrote in a statement. 
• Public space: There is a 24,000-square-foot area within the 11.5-acre project that will be deeded by Aptos Village, LLC to Santa Cruz County Parks when construction is complete, Swenson representatives wrote in a statement. The space is envisioned as a public park, and county leaders are expected to decide on its specific use.
• Deed Restriction: The homes include permanent affordability protections, including resale price limits and deed restrictions to buyers who meet Measure J affordability criteria.