Plans have slightly increased for the eight-story residential apartment complex at 486-496 West San Carlos Street in San Jose, Santa Clara County. The development, renamed Madera Residential, has increased by six units for a total of 278 apartments. In April this year, the developer Urban Catalyst received a $6.1 million loan to pursue construction.
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.
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.
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.
New plans have been submitted for an eight-story apartment complex at 500 West San Carlos Street in San Jose, close to Diridon Station. The developer is considering 99 new homes and retail in a preliminary review. Abbas Haghshenas of Bay Plus Construction is listed as the project applicant.
