Preliminary plans have been filed for a mixed-use project with two new structures at 156 California Avenue in Palo Alto, Santa Clara County. The buildings will rise over a Caltrain Station, the tallest of which will be 17 floors. REDCO Development, the developer, aims to use Senate Bill 330 and the Builder’s Remedy for a streamlined approval process to create 382 apartments and a replacement for a Mollie Stone’s Market close to transit.
New preliminary plans have been submitted for an eight-story affordable housing complex at 1190 Hillsdale Avenue in San Jose, Santa Clara County. The property is close to another rising senior housing complex and close to the developing Communication Hills. A.C. Martin, a Los Angeles-based architecture firm, is the project applicant.
The Builder’s Remedy was expected to boost housing construction across the state. However, it’s causing San Jose’s pipeline to shrink. The Bumb Family has withdrawn their 2021-proposed plan for the South District development, swapping the proposed offices and 3,450 units with a 940-unit alternative, representing a loss of 2,560 units. Since San Jose did not submit a compliant housing element, there is little for the city to do.
The City of San Jose has assisted in purchasing a seven-story apartment complex at 787 The Alameda by Diridon Station. The city has committed to financing “not to exceed $100,000,000 of tax-exempt multifamily housing revenue bonds by the California Municipal Finance Authority” to allow Catalyst Impact Fund to purchase the building. Once complete, Catalyst will oversee converting 168 units into affordable housing.
The Nova Alianca Hall in San Jose has been sold by the Portuguese marching band society to Intelli, an affiliate of the local developer, Do Van Tron. The property, located at 37 North 27th Street, is close to the prospective 28th Street Little Portugal BART Station. Though the transit connection isn’t expected to open for well over a decade, the new owner is hoping to build dozens of apartments.
