Two developers have come forward with a joint proposal to transform the site at 3550 N First Street in San Jose. The resulting developments would convert the site from a vacant office property to as many as 446 new units of housing. SummerHill Homes and Cypress Equity are the two developers who have floated the plan.
A major San Jose-based development project at 211-281 River Oaks Parkway has been purchased by two New York-based firms acting through an affiliate. TPG and Angelo Gordon are major real-estate sponsors on the East Coast, but their ownership of the site is a significant pivot from the previous development under the local Valley Oak Partners. Supporters of the project can hope that the new owners will be able to bring an injection of capital to the project, speeding up its production.
The public review period has started for an industrial redevelopment at 2334 Lundy Place in North San Jose, Santa Clara County. The development is looking to replace a two-story office complex with a similarly-sized industrial building. Overton Moore Properties is the project applicant.
Developer BXP, formally known as Boston Properties, had planned a large new housing development in North San Jose located at the corner of 2830 North First Street and East Plumeria Drive. The development plan, designed by BDE Architecture was slated to include both market-rate and affordable housing on the site of a previously planned tech campus. However, the plans have been paused, and the property was put on the market.
SummerHill Homes is set to build a new multifamily housing project in North San Jose. The development at 210 Baypointe Parkway was approved in October 2024, but the timeline for construction was previously unclear. However, new information reported by the San Jose Spotlight indicates the preliminary demolition of the existing facilities may begin as early as July of this year.
