Juno Realty Partners has resubmitted competing plans for housing at 3997 Fabian Way in Palo Alto, Santa Clara County. The two entitlements reflect previous plans by the developer for 292 or 350 units. The project made the news earlier this year as one of the first applications in the Bay Area to invoke the Builder’s Remedy for the 350-apartment version.
New plans have been filed for a reduced residential project at 70 Encina Avenue in Palo Alto, Santa Clara County. The project’s unit capacity has been cut in half, from twenty to ten dwellings, while the housing style has been shifted from apartments to townhomes. Edward Storm of Storm Land Company is responsible for the project as property owner.
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.
Two new preliminary applications have been filed to construct housing on the former Fry’s Electronics box store site at 550 East Brokaw Road in North San Jose, Santa Clara County. The applications show a shift in focus from the developers, who, as early as January this year, went to the Planning Commission to review their plan for nearly two million square feet of office space.
A New York City-based private equity firm has purchased the 13.3-acre property at 3905 Freedom Circle in Santa Clara. Greystar, the former owner, has secured approval for a 1,075-unit residential development across the property. Cerberus Capital Management, the new owner, is a multibillion-dollar investment firm chaired by a former US Vice President.
