Century Center Towers will have 376 apartment units and will cost $170 million to build (including land costs). There were no special incentives or fee reductions here, and the land is already being prepped for construction.
This is the first San Jose residential high-rise building to be built outside of Downtown San Jose. I don't think it will be the last. This is a strong sign of increasing density in San Jose, and a new push to build in transit corridors. Hopefully more corporations (like Samsung) will employ this model as well as opposed to your traditional sprawled out office campuses.