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.
Updated plans have been filed for an 11-story residential infill at 101 Delmas Avenue in San Jose, Santa Clara County. The project will replace a single-story structure at the corner of Delmas Avenue and West San Fernando Street with 80 homes. Christopher Hall of MANU Studios is responsible for the application.
Urban Catalyst is preparing for vertical construction on Keystone, their extended-stay hotel at 495 West San Carlos Street in San Jose by Diridon Station. The eight-story Marriott TowneSuites Hotel is the only of its type under construction in the city, responding to demand from the city’s construction industry, conferences, and concerts. Completion is expected by 2025.
