Jemcor Development Partners and Pacific Housing have partnered together to pursue a 300-unit affordable housing development at 950 West Julian Street in San Jose. The project aims to develop an acre-wide site with new homes close to SAP Center and Diridon Station. Late last week, the team reached a milestone after paying around $11.7 million for the site.
New project details have been revealed ahead of tomorrow’s meeting about expanding the Diridon Station in San Jose. The Santa Clara Valley Transportation Authority’s Diridon Joint Policy Advisory Board will review three design options to accommodate increased Caltrain services, integrate High-Speed Rail, and connect to the future BART extension. As expected for an infrastructure project in the Bay Area, the costs are astronomical, ranging from $2.5 billion to $13 billion.
Details plans have been published for a proposed residential development at 2222 Senter Road in southern San Jose, Santa Clara County. Using the Builder’s Remedy, the project will replace the former DMV Driver’s License Processing Center with three seven-story apartment complexes. Vicky Ching of HC Investment Associates LP is the property owner.
The environmental review process is starting now for a proposed seven-story residential project at 1000 South De Anza Boulevard in San Jose, Santa Clara County. The city’s planning department just published the Notice of Preparation for the Environmental Impact Report. Borello Asset Management, Inc. is the project applicant.
Interim funding has been secured for a proposal at 486-498 West San Carlos Street in San Jose, Santa Clara County. The developer, Urban Catalyst, received a $6.1 million loan to pursue the construction of Aquino, an eight-story apartment complex with nearly three hundred homes close to Diridon Station.
