Friday, November 24, 2023

804 new home proposed in Alviso next to San Jose's Topgolf

There are several large parcels in Alviso earmarked for major development, the first of which became Silicon Valley's first Topgolf. Another that was supposed to be an entertainment and retail center has transitioned to become a future data center. Now a parcel that was originally going to be a hotel is pivoting to homes, and quite a large number of them.

Genesis Commercial Capital wants to build 804 new homes on a 3.2 acre site on North First Street right next to the Topgolf--see map below. They are utilizing the state's builder's remedy to expedite and streamline the approval process (the same builder's remedy that is also sometimes weaponized to downsize previously approved projects).

At least 20% of the homes will have to be earmarked as affordable housing. Currently there is no target ETA, but given how badly San Jose needs housing I think it will be a quick approval and more in the hands of the developer on how soon they want to move dirt and get the project up and running.

Source: SVBJ

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