This project at 1000 South De Anza Boulevard, led by Borello Asset Management, leverages the builder's remedy to transform a underutilized site into vibrant residential space. By qualifying under this provision before the city's housing element was finalized, the development gains flexibility to mix affordable and market-rate units, addressing the pressing need for more homes in our growing city.
The seven-story building will feature 20 percent of its units reserved for low-income households, with the remaining 80 percent at market rates. Amenities include a fitness center, pet spa, outdoor courtyard, and rooftop patio, creating a welcoming community hub. With about 150 parking spaces planned, the project replaces a vacant single-story commercial building that once housed a Carl's Jr. and later a sushi restaurant, turning an empty lot into a productive asset for West San Jose.
The site, long held by the Borello family, sat idle after the pandemic closed the last tenant, prompting a shift toward housing. Now, with the environmental impact report certified and permits approved, the path is clear for construction that could help ease the housing shortage. Whether Borello develops it or sells the entitled property, the outcome promises new opportunities for residents.
Source: SVBJ
No comments:
Post a Comment