A recent property transaction and construction financing package have pushed ahead plans for the 173-unit affordable project in San Jose’s Stevens Creek Boulevard Urban Village. The plan is one component of a larger master plan at 4300 Stevens Creek Boulevard by Miramar Capital Group. Pacific West Builders will develop the affordable housing.
Construction has nearly topped out for the three five-story structures at 777 West Middlefield in Mountain View, Santa Clara County. The infill is creating 716 apartments, though required the demolition of 208 rent-stabilized units in Village Lakes. DigitalBridge, formerly known as Colony Capital and founded by Trump donor Tom Barrack, is responsible for the development via Miramar Capital.
New plans have been approved for a residential project at 4300 Stevens Creek Boulevard in San Jose, Santa Clara County. The construction will create housing, shops, and a new hotel, but crucially not the once-proposed offices that would bring the desired job growth near housing proposed in the Urban Village Planning. Miramar Capital is the project developer.
The San Jose Planning Commission is scheduled to review plans for 4300 Stevens Creek Boulevard in a public meeting later this week. The meeting will discuss the projects’ development rezone and development permits, allowing the demolition of three commercial buildings to build housing, a hotel, and a new public open space. Miramar Capital and Machine Investment Group are jointly responsible for the development.
Development permits have been filed seeking the approval of a project proposed at 226-254 McEvoy Street in San Jose. The project proposal includes the development of a new mixed-use project featuring residential and retail spaces. Plans for the demolition of nine existing industrial building, spanning an area of approximately 64,800 square feet, a paved parking, outside storage areas, and 57 trees.
