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.
Urban Catalyst has purchased the final parcel needed for the Icon/Echo master plan in Downtown San Jose. The sale comes just over a month after the developer revealed plans to change the office component to housing, increasing the potential housing capacity from a few hundred to over one thousand units. New renderings shared by Urban Catalyst provide a preliminary glimpse at the design.
Urban Catalyst is now considering adjusting plans for Icon/Echo by replacing the office component with more housing in Downtown San Jose, Santa Clara County. The plan was floated by the developer founder, Erik Hayden, and reported by George Avalos for the Bay Area News Group. If altered, Icon/Echo could create over a thousand units from the two-acre parcel.
A new mixed-use project has received approval for development at 147 East Santa Clara Street in downtown San Jose. The project proposal includes the construction of two buildings offering office and residential spaces. Urban Catalyst, a premier Silicon Valley real estate equity fund, is the project developer. WRNS Studios is the project architect, and GLS Architecture + Landscape is the landscape architect.
The San Jose Planning Commission is scheduled to review updated plans for the Icon-Echo mixed-use development in Downtown San Jose, Santa Clara County. The proposal will create apartments, offices, and retail split between two towers across from City Hall and the recently-complete MIRO Towers. Urban Catalyst is the project developer.
