Tuesday, November 12, 2013

City Ventures Building 550 Homes at Former IBM Site

Quite a few developments are in the queue for the area where 101 and 85 meet in South San Jose (where there was once an IBM Disk Drive facility). City Ventures will be one of the first to break ground and will turn 14 acres near Cottle and Monterey roads in 550 homes, 400 of which will be rentals (4-story building wrapped around a parking garage). The 150 for-sale units will all feature solar panels and will be prewired for electric cars in the garages. The project is also near the Blossom Hill Caltrain station, giving residents easy access to anything on the Caltrain corridor.

Lennar is also planning to build 840 units on 40 acres. St. Anton Partners is building a 275-unit apartment complex, and Hunter Properties is already under construction with a large retail project in the area. When all is said and done, the area will have almost 3,000 housing units and 320,000 SQFT of retail space.

Source: SVBJ
City Ventures Homes in Morgan Hill


  1. Cranes time! Cranes will be erected at One South Market and Centerra within the next few weeks. They're building the platforms for them now as we speak. No updates on the Hampton Inn. I think they walked out on San Jose as the project is just too expensive for them to swallow. I may be wrong, but does anyone have better news on that?

    1. http://www.fpgdevelopmentcorp.com/hampton-sanjose-ca.php

      I feel like i first came onto this site in may, meaning approvals may not have been processed yet, as they estimated 6 months to get them ? I saw some trucks on site a couple weeks ago, i assume for ground samples.

      Hopefully we see some updates soon

    2. I doubt FPG walked out. Here's a recently updated listing for the ground floor retail space @ the Hampton Inn: http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=18158524&SRID=3842764274&StepID=101

  2. I can't imagine what that's going to do to traffic on 85.