Market Park aerial view, rendering by Kenneth Rodrigues & Partners

Housing Law Costs San Jose Thousands of Homes From Flea Market Proposal

5:30 am on November 23, 2023 By Andrew Nelson

The Builder’s Remedy was expected to boost housing construction across the state. However, it’s causing San Jose’s pipeline to shrink. The Bumb Family has withdrawn their 2021-proposed plan for the South District development, swapping the proposed offices and 3,450 units with a 940-unit alternative, representing a loss of 2,560 units. Since San Jose did not submit a compliant housing element, there is little for the city to do.

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655 4th Street, rendering by Solomon Cordwell Buenz and IwamotoScott

First New Renderings for 655 4th Street, San Francisco

5:30 am on November 22, 2023 By Andrew Nelson

Less than a month after elevations were shared, the San Francisco Planning Department has published two new realistic renderings for the two-towered complex at 655 4th Street, across from the San Francisco Caltrain Station in SoMa. The details illustrations provide a glimpse at the prospective 435-foot complex that would create over a thousand rental apartments. Tishman Speyer is the project developer.

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787 The Alameda pedestrian view, image by Mill Creek

City of San Jose Helps Turn 787 The Alameda Into Affordable Housing

5:30 am on November 20, 2023 By Andrew Nelson

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.

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