Downtown San Jose housing web page pushes in advance with genuine estate offer
SAN JOSE — A housing development that could sprout at a prime downtown San Jose web-site has cleared a essential hurdle with the acquire of parcels for the task near Google’s proposed transit village.
City Catalyst, performing via an affiliate, has bought quite a few parcels that together would offer the land wanted for the project.
UC Madera Proprietor, the City Catalyst-led affiliate, acquired the web sites at the corner of West San Carlos Road and Josefa Road, according to Santa Clara County paperwork submitted on Dec. 23.
The developer compensated $10.2 million for the parcels, the assets documents clearly show.
With the purchase, City Catalyst has steered previous an crucial milestone in its efforts to build the household challenge.
The development would increase within just a handful of blocks of the footprint of the huge Downtown West mixed-use community that Google has proposed in close proximity to the Diridon educate station and the SAP Middle.
“Creating high-density housing around transit is the most effective way of transferring ahead to address the housing disaster,” stated Erik Hayden, founder and controlling spouse with San Jose-based Urban Catalyst.
Madera @ Downtown West, as the Urban Catalyst venture is recognized, would consist of 184 residential units, according to a put up on the developer’s site.
The undertaking is anticipated to include things like studios as well as two-bed room, 3-bedroom, four-bed room, and 5-bed room models, in accordance to a submit on Urban Catalyst’s website.
“This challenge will house more than 250 people today,” the City Catalyst post states.