KT Properties has been one of the most prolific builders in Downtown San Jose. Axis, One South, and Silvery Towers (under construction) exist thanks to KT. Their newest project is going to be a pair of towers towards the entrance of SoFA at San Carlos and First Street. Currently an ugly two-story building and giant parking lot sit on this lot.
Below is the latest render of the towers. As a point of reference, the five-story building on the lower right is Original Joe's and you would find Anno Domini and Cafe Stritch immediately to the right of the rightmost tower. SJSU is two blocks to the left.
If built, this would be an amazing infill development that would fill a key retail gap in SoFA and add another thousand residents to Downtown's most artsy street.
Source: Bobby_Guz_Man from the San Jose Development Forum