Kennedy Wilson has provided a $183 million construction loan for Alexan Icon, a large residential development set to rise at 1587 and 1588 San Mateo Avenue in South San Francisco, San Mateo County. The project is looking to add nearly five hundred units across two seven-story structures. Hanover Company is the project developer.
Preliminary plans have been filed for new housing at 19220 Stevens Creek Boulevard in Cupertino, Santa Clara County. The pre-application invokes Senate Bill 330 to freeze local zoning regulations. The Hanover Company is listed as responsible for the application.
A large residential project has broken ground at 905 N Capitol Avenue in the Berryessa Neighborhood of San Jose. The project, brought by Hanover Company is part of a multi-building non-contiguous development spanning Pentencia Creek Road along N Capitol Avenue. The project was first brought in 2022 but has experienced minor delays. The recent groundbreaking was for Building 1, a large apartment complex on the north side of Pentacia Creek Road. Architecture firm KTGY Architecture + Planning is responsible for the building designs.
Developers are moving forward with property sales for the Seely Avenue master plan in North San Jose, Santa Clara County. Hanover Company has reportedly purchased 22.2 acres around 2620 Seely Avenue, with plans to follow through with the recently approved proposal for over a thousand apartments alongside open space and retail. Hanover sold an additional seven acres to SummerHill Homes for the townhome component.
Master plans for a mixed-use residential project have been approved for development at 0 Seely Avenue, along Coyote Creek in North San Jose, Santa Clara County. The project will replace the current farmland and orchards with over a thousand apartments and retail space. Hanover Company, Pacific Companies, and SummerHill Homes are jointly responsible for the development.
