Financing has been secured for proposed affordable housing at 802 South First Street in San Jose, Santa Clara County. The joint venture responsible for the six-story project has agreed to a $66 million loan with PNC National Bank. Construction is expected to start in the fall of this year.
Plans have been approved for the six-story residential infill at 802 South 1st Street during the San Jose Planning Director Hearing. The plans will create 166 new apartments and retail close to Downtown San Jose, Santa Clara County. Maracor Development is the project developer.
Developers have filed the project plans for 802 South 1st Street, the six-story residential development in Martha Gardens, San Jose. As proposed, the development could add 246 new residential units to the city’s housing market, a short bus ride away from Downtown San Jose. Maracor Development is sponsoring the development.
San Jose’s Planning Commission is expected to approve the general plan for a 246-unit apartment project at 802 South 1st Street, in East Virginia, bordering Downtown San Jose. The project completed public circulation last week,…