Urban Catalyst has purchased the final parcel needed for the Icon/Echo master plan in Downtown San Jose. The sale comes just over a month after the developer revealed plans to change the office component to housing, increasing the potential housing capacity from a few hundred to over one thousand units. New renderings shared by Urban Catalyst provide a preliminary glimpse at the design.
Two new preliminary applications have been filed to construct housing on the former Fry’s Electronics box store site at 550 East Brokaw Road in North San Jose, Santa Clara County. The applications show a shift in focus from the developers, who, as early as January this year, went to the Planning Commission to review their plan for nearly two million square feet of office space.
A New York City-based private equity firm has purchased the 13.3-acre property at 3905 Freedom Circle in Santa Clara. Greystar, the former owner, has secured approval for a 1,075-unit residential development across the property. Cerberus Capital Management, the new owner, is a multibillion-dollar investment firm chaired by a former US Vice President.
The Builder’s Remedy has been applied again to construct more suburban development in Santa Clara County, this time at 6591 Woodcliff Court, San Jose. The application is the second directly linked to Michael LaBarbera of Terracommercial Real Estate and is similar to a 320-unit application for 1515 Half Road in Morgan Hill. The three plans will reshape several acres along the county’s urban edges with more single-family housing.
The Santa Clara Planning Commission is scheduled to review an extension of the approval for a hotel and entertainment space at 312 Brokaw Road in Santa Clara County. The planned development is located across from the rising Gateway Crossing development by Holland Partner Group. Mogul Capital is the project developer.
