Urban Catalyst has received a $10.5 million loan to finance the pre-construction phase of Icon/Echo, a two-tower proposal at 147 East Santa Clara Street directly across from City Hall in Downtown San Jose. The plans will bring hundreds of homes across two acres, with construction now expected to start in one to two years. Gantry is responsible for providing the finance.
New preliminary permits have been filed for the redevelopment of Moonlite Shopping Center in Santa Clara, Santa Clara County. The application states the project could replace the 14.3-acre strip mall at 2610 El Camino Real with nearly six hundred homes, amenities, and open space. Sherman Clay Group is the property owner, operating through Moonlite Associates LLC.
Mollie Stone’s Market has filed an alternative SB330 pre-application for the Builder’s Remedy-assisted proposal at 156 California Avenue in Palo Alto, Santa Clara County. The application gives minor updates to the design and parcel separation, though the applicant has specified that the prior application is not being withdrawn. Both plans, sponsored by REDCO Development, would create Palo Alto’s tallest residential building.
The City of Santa Clara has approved a residential project proposed for development at 1957 Pruneridge Avenue in Santa Clara, Santa Clara County. The project proposal includes the demolition of an existing church and accessory structures, along with the removal of landscaping on the project site, followed by the development of 22 two-story townhomes.
The Final Environmental Impact Report has been published for Terraine, a mixed-use proposal for housing and parking at 201 West Julian Street in Downtown San Jose. The plans include a new design from Studio Gang for the 17-story residential tower and a ten-year plan to convert the future garage into offices. Westbank Corporation is responsible for the application.
