The developers for 600 South First Street have secured enough funding for the development of a mixed-use tower in Downtown San Jose. Recent reporting by George Avalos of the Bay Area News Group confirms Scape, the international company focused on student and market-rate housing, has been loaned as much as $182 million by Madison Realty Capital. The proposal is expecting to create 336 new homes.
The City of Millbrae is considering extending approved permits for the proposed Moxy Hotel at 401 East Millbrae Avenue. The development would replace surface parking with 209 new guest rooms across from SFO in San Mateo County. The project, owned by Marriott, would rise next to two existing Marriott hotels, the Westin and the Aloft.
AvalonBay Communities is planning to replace the surface parking of an existing residential community with new housing in Mountain View, Santa Clara County. The proposal would retain all 402 residences at 555 West Middlefield Road while creating 323 new homes and an amenity clubhouse on top of over seven acres of surface parking. The project has been endorsed by the Housing Action Coalition.
San Francisco’s Yerba Buena Island, in the water halfway between the city and Oakland, is being redeveloped with over two hundred apartments. Commuters on the Bay Bridge will have already noticed The Bristol Residences, a newly-clad apartment complex facing the East Bay. Now, groundbreaking has occurred and construction is underway for the Townhomes and the Flats residences. San Francisco-based Stockbridge Capital Group and the developer Wilson Meany are jointly developing for the project. CAHill is responsible for construction.
The San Jose Planning Commission is scheduled to decide on an appeal later today of The Mark, a 23-story student-oriented project to be built at 475 South 4th Street in Downtown San Jose. The public teleconference meeting is scheduled to begin today, October 13th, at 6:30 PM. City staff has recommended the commission reject the appeal and approve the special use permits to commence construction. The public teleconference meeting is scheduled to begin today, October 13th, at 6:30 PM.