Plans have slightly increased for the eight-story residential apartment complex at 486-496 West San Carlos Street in San Jose, Santa Clara County. The development, renamed Madera Residential, has increased by six units for a total of 278 apartments. In April this year, the developer Urban Catalyst received a $6.1 million loan to pursue construction.
Construction is expected to last around 25 months from groundbreaking to completion, with design by BDE Architecture. Unit types will vary with 211 smaller units with 0-1 bedrooms and 67 apartments with two or three bedrooms. Of the 278 units, 14 residences will be designated as affordable to very low-income households. Parking will be included for 167 cars and 88 bicycles.
498 West San Carlos Street, ground-level floor plan by BDE Architecture
The developer secured financing from Inspira Financial Trust LLC in early April this year. At the time, the developer told George Avalos of the Bay Area News Group that construction could start by the end of 2024, though the recent amendment will likely provide further delay.
The 0.83-acre property is on a lot bound by West San Carlos Street, Josefa Street, Delmas Avenue, and Auzerais Avenue. At the corner of Delmas and Auzerais, Eden Housing is wrapping up construction for the Solaire Apartments at 425 Auzerais Avenue. The site is two blocks from Downtown San Jose’s Discovery Meadow public park. Diridon Station is three blocks to the north, serviced by Caltrain and VTA light rail.
486 West San Carlos Street, image courtesy Google Street View
Across the street, Urban Catalyst has topped out the eight-story Marriott TowneSuites Hotel at 495 West San Carlos Street, with construction expected to finish next year.
The public hearing is scheduled to start tomorrow, Wednesday, November 20th, at 9 AM. The event will be held virtually over Zoom. For more information about how to attend and participate, visit the meeting agenda here.
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