Satellite Affordable Housing Associates have submitted an enhanced preliminary permit for new affordable senior housing at 501 Almaden Avenue in Downtown San Jose. The application comes as Branagh Construction is two floors from topping out Arya at 500 Almaden Boulevard, an adjacent eight-story property developed by SAHA.
The project will raise eight floors to create 86 new units. In doing so, SAHA will be replacing yet another surface parking lot with urbanist development. The lot spans 0.27 acres.
The proposal continues the growing promise of a higher-density Downtown San Jose in the coming years. While significant projects by Urban Community and Westbank, Urban Catalyst, the Jay Paul Company, and Boston Properties dominate the imagination, Arya and 501 Almaden Boulevard will be capturing a vital need for affordable housing inside the urban core.
Indeed, 501 Almaden Avenue and 500 Almaden Boulevard are rising across the street from where KT Urban is planning to build two 297-foot office towers at 280 Woz Way, and across form where Boston Properties will construct the 282-foot and two million square foot office complex at 447 Almaden Boulevard, designed by Kohn Pedersen Fox.
SAHA is an affordable housing association formed in 2013 with the merger of Satellite Housing and the Affordable Housing Associations. Satellite was founded in 1966, and AHA in 1993. The organization is based in Berkeley, with a focus across the North, East, and South Bay. SAHA is currently working on some other projects, including the El Cerrito BART proposal, 3135 San Pablo Avenue, and 3050 International Boulevard.
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