Senior Housing

3355 Almaden Expressway Completed Structure, image via SRM Development

Firm Purchases Newly Completed Senior Living Complex at 3355 Almaden Expressway in San Jose

A recently opened senior living community at 3355 Almaden Expressway in San Jose was sold last week to a new real estate firm. George Avalos of the Mercury News reported that Welltower Inc, a major healthcare-focused group, purchased Novelle Senior Living for just under $100 million in cash. The site is a recent construction, opening it’s doors just last year. As of now, it is unclear why the original developers, Columbia Pacific Advisors and SRM Development, chose to sell it so soon after completion.

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700 East Saint John Street Main Rendering, image by Architects FORA

Groundbreaking Ceremony to be Held Today at 700 East Saint John Street in San Jose

The developer Eden Housing is celebrating the groundbreaking for one of its most recent affordable housing developments located at 700 East Saint John Street in San Jose. Several notable figures will be in attendance for the ceremony, including US Congresswoman Zoe Lofgren, San Jose Mayor Matt Mahan, and CA State Treasurer Fiona Ma. The ceremony celebrates the successful progress of a project expected to deliver 68 new units of affordable housing to the area.

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