Urban Catalyst has received a $10.5 million loan to finance the pre-construction phase of Icon/Echo, a two-tower proposal at 147 East Santa Clara Street directly across from City Hall in Downtown San Jose. The plans will bring hundreds of homes across two acres, with construction now expected to start in one to two years. Gantry is responsible for providing the finance.
New preliminary permits have been filed for the redevelopment of Moonlite Shopping Center in Santa Clara, Santa Clara County. The application states the project could replace the 14.3-acre strip mall at 2610 El Camino Real with nearly six hundred homes, amenities, and open space. Sherman Clay Group is the property owner, operating through Moonlite Associates LLC.
Mollie Stone’s Market has filed an alternative SB330 pre-application for the Builder’s Remedy-assisted proposal at 156 California Avenue in Palo Alto, Santa Clara County. The application gives minor updates to the design and parcel separation, though the applicant has specified that the prior application is not being withdrawn. Both plans, sponsored by REDCO Development, would create Palo Alto’s tallest residential building.
Development permits have been filed for a new stadium for two soccer clubs at 8000 South Coliseum Way in Coliseum, East Oakland. The project would replace a surplus parking lot within the Coliseum campus and allow the two teams to start playing in the 2025 season. The permits were filed the same day the Oakland-Alameda County Coliseum board unanimously approved plans for the Oakland Athletics to negotiate a lease agreement for 2025-2026 with the teams’ owner.
Commercial remodel permits have been filed for a two-story structure at 3000 T Street in Sacramento’s Alhambra Triangle. The plan is to convert the office space into ten new apartments. Turton Commercial Real Estate is selling the property.
