Alphabet has provided vital financing for a planned affordable housing project at 280 McEvoy Street in West San Carlos, San Jose. The funding comes through Google Endeavor LLC, a lending subsidiary. This comes after Housing Trust Silicon Valley took out a $15.8 million loan to acquire the parcel in 2018, setting a record for the two-decades-old organization. First Community Housing is managing the McEvoy Apartments development.
The San Jose planning commission has provided key approval recommendations to construct a mixed-use residential proposal at 1663 Alum Rock Avenue. The developers have named the project ‘the Little Portugal Gateway,’ for being in the Little Portugal neighborhood of San Jose. It will be a substantial mid-density increase to the currently low-density area. 123 new apartments will be built, ranging from studios to two-beds. SiliconSage Builders are responsible for development.
Renderings have been released, showing the futuristic design planned for the Career Education Complex at San Jose City College, San Jose. These new designs come from Steinberg Hart, an international architecture firm with roots in San Jose extending back to the 1950s. Once complete, it will offer facilities for career education courses and a welcoming environment for the rest of the campus. The spaceship-like complex is expected to cost $112 million for completion.
Construction is moving forward at 200 Park Avenue, one of San Jose’s biggest new office developments. Excavation appears to have bottomed out less than a year after its 2019 ground-breaking. Once complete, it will stand as the tallest office building in the city, and extension of San Jose’s downtown core.
This week, the biggest little permits include over sixty additional dwelling units, a 30,000 square foot new medical facility in Alameda, new monuments in Sacramento, and even a treehouse in Palo Alto. At this pace, over three thousand ADU’s would be produced within a year. Along with ADU’s, nineteen new single-family houses were applied for and thirty-four Tesla power walls across the counties. Perhaps the most surprising was a two-story additional dwelling unit in Palo Alto with an estimated construction price of nearly $1.4 million. If ever there was a point where an ADU became just another single-family house, this might be a contender.
