Tower #1 is rumored to be The Carlysle in San Pedro square right between the San Pedro Square Market and Axis. Given the ridiculous success of the still very incomplete Market, this is going to be a hot location. This will be a 21-story apartment tower with
Tower #2 is right in the middle of Downtown on Santa Clara and Market. KT Properties is planning a $75 million, 22-story apartment building with 485 units. There will be 6,000 sqft of ground floor retail and two floors of underground parking. I'm really excited about this location as it is the first residential high-rise on Santa Clara street and will go a long way to improving the conditions of Downtown's main avenue. It also will have the unique attribute of being only a 5-10min walk away from absolutely everything Downtown.
Downtown renters will have some tough decisions to make when these next two building are up. Oh, and Sam Liccardo is implying there may be even more to come.
Source: SJBJ, The Registry