My favorite news always seems to come from Nathan Donato-Weinstein from the Silicon Valley Business Journal. Once in a while something comes along that really makes my day, and this would qualify.
The city council approved Silvery Towers today, a dual tower 643-unit rental project with a whopping 20,000 SQFT of retail on the ground floor to compliment the neighboring San Pedro Square Market. The towers will be 228 feet tall and look phenomenal. This would be one of the most modern, Silicon Valleyish designs of any high-rises Downtown. I especially like the LED lighting on the 3rd to last render below. This would also be the largest residential project ever built in Downtown San Jose.
It gets better... the developer (KT Properties) is already meeting with potential partners to get the $250 million to fund the project and is planning to break ground in 2014 with the first units ready to lease in 2016. Ideally both towers would be built simultaneously, although one would start six months before the second.
The SVBJ article dropped a few other interesting nuggets of information. The retail pavilion in front of the towers will have a rooftop terrace and a basement bar (Singlebarrel 2 anyone?). They also might be doing a rooftop cafe (!) on one or both of the towers. Good day indeed.