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.
New plans have been submitted for a dense new housing infill at 7 Topgolf Drive in North San Jose, Santa Clara County. The project has replaced previous plans for a hotel next to the entertainment venue with just over eight hundred homes. KnD Company is responsible for the application.
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.
SummerHill Homes has submitted preliminary plans for a new townhome-style residential complex at 90 East Tasman Drive in San Jose, Santa Clara County. The plan is the latest in a series to replace low-slung offices with housing in the South Bay. Once complete, the proposal expects to create 110 dwelling units.
