Holland Partner Group Buys the Stevens Creek Corner for 575 Apartments

Holland Partner Group closed on the 4.7-acre corner at 3896 Stevens Creek Boulevard this week, paying $22.3 million according to documents filed August 26 at the Santa Clara County Recorder’s Office. Local families that include Joseph Rubino Jr. sold the land. The purchase locks in a project the city already entitled: two eight-story buildings with 575 apartments at Saratoga Avenue and Stevens Creek, a few blocks from Northlake Drive and about two miles west of Valley Fair and Santana Row.

Building 1 will face Saratoga and hold 264 units. Building 2 will front Stevens Creek near Northlake with 311. Twenty-nine apartments are slated for very-low-income households, a band the state currently sets at $71,950 for one person and $102,750 for a family of four in Santa Clara County, against area medians of $143,850 and $205,500. Ground floors will carry about 13,600 square feet of retail, split 7,600 and 6,000 between the two buildings. Plans also call for roughly 25,000 square feet of amenity space, including fitness rooms, co-working, clubrooms, lobbies, and podium pool decks. TCA Architects drew the metal, screen, stone, and stucco faces. A public plaza is mapped to the busy corner.

That corner used to be headed in the opposite direction. Cypress Equities had an entitled 882,000-square-foot office and retail scheme that once included a large Life Time athletic club. Office demand collapsed, and Holland flipped the site to housing. San Jose made the project its first approval under the city’s streamlined ministerial ordinance in December 2025, cutting a process that often takes about 20 months down to eight. The count later grew from earlier 532- and 540-unit versions to 575. Existing low-rise shops, including Hokkaido Buffet, are slated for demolition. Across the boulevard, CRP Affordable Housing is already building 59 income-restricted units at 3941 Stevens Creek.

The Stevens Creek Urban Village Plan asked for exactly this kind of swap: parking lots and strip frontage turned into housing, shops, and sidewalks wide enough that people might linger. Holland’s filings promise a stronger pedestrian edge and a Class IV bike lane along the project frontage. Westsiders who drive that intersection every day will notice the height first. The more useful test comes later, when the retail actually opens and the 29 below-market units lease to the households the paperwork names.

Construction timing and cost have not been published. The deed is recorded. The drawings are approved. The next visible change on that corner will be the wrecking of the buffet and the start of two towers where an office campus never arrived.

Source: The Mercury News

A Parking Lot Beside Hammer Theatre Moves Toward 168 Affordable Homes

Planning Director Christopher Burton is scheduled to hear a seven-story affordable project on September 3 that would replace a 1.3-acre surface lot between South Second and South Third streets, just south of East San Fernando. The Sobrato Organization owns the asphalt. Pacific West Communities would build. AO drew the plans. The site sits next to San Jose State’s Hammer Theatre Center and across from the San Antonio light-rail stop, which is the whole point of putting housing here instead of another decade of empty spaces after the last show lets out.

Staff have recommended approval. Under the state’s Density Bonus Law the current count is 168 apartments: 33 reserved for very-low-income households, 133 for low-income households, and two market-rate manager units. Earlier filings this spring described 173 homes with a slightly different mix, including extremely-low-income apartments. Numbers often shift as drawings harden. What has not shifted is the claim that nearly every door would be deed-restricted. Sobrato held this lot since about 2010 and once floated a 24-story, 393-unit market tower that never left the page. The new version is shorter, cheaper to finance, and aimed at people who already work or study within walking distance of Paseo de San Antonio.

San Jose’s state housing assignment for 2023 through 2031 is 62,200 units. Council spent recent weeks arguing about whether denser housing should spread into more neighborhoods. This parcel does not need that debate. It already sits in the core, next to a campus, a theater, restaurants, and a train. Residents would not need a car to reach a job on Santa Clara Street or a class on campus. They would need the project to survive financing after the director’s stamp.

Pacific West has become a regular partner on below-market work around Northern California. Sobrato, long an office landlord, has been steering more of its land toward housing. Neither fact guarantees a groundbreaking. An approval on September 3 would still leave tax credits, construction costs, and a construction schedule. The useful test for Downtown San Jose is whether a parking lot that has sat idle beside a university theater finally turns into addresses instead of another rendering.

Source: Silicon Valley Business Journal

Icon Echo Advances with 645 Homes Near City Hall in Downtown San Jose

Urban Catalyst’s Icon Echo project is moving forward with plans for two eight-story residential buildings that will deliver 645 new apartments in Downtown San Jose. The development covers a 2.1-acre site along North Fourth Street between East Santa Clara Street and East Saint John Street, across from San Jose City Hall and a short walk from Saint James Park.

The unit mix includes 233 studios, 272 one-bedrooms, and 140 two-bedrooms, with 33 of the homes deed-restricted as affordable. Each building rises to 89 feet and features podium-top courtyards, ground-level parking with stackers totaling 527 spaces, and a small retail space on the Icon building. Architect BDE Architecture has designed the exteriors with brick veneer, stucco, and cast stone panels.

A Planning Director’s hearing on the site development permit and vesting tentative map took place on August 12, with city staff recommending approval. The project represents a shift from earlier mixed-use concepts that included office space, reflecting the current emphasis on adding housing in the urban core.

Once built, the complex will place hundreds of new residents within easy reach of transit, civic buildings, and the daily activity of Downtown San Jose. The mid-rise scale fits the surrounding blocks while contributing meaningful density to an area that continues to evolve.

Source: SF YIMBY

New Housing Community Planned for Former Oracle Campus

Valley Oak Partners continues advancing its proposal to transform 38 acres of the former Oracle campus in Santa Clara into a mixed residential community of 584 homes. The San Jose-based developer shared updated details on timeline and design during a recent community meeting, outlining plans for 48 single-family homes, 416 townhomes and 120 apartments.

The project site currently contains nearly 500,000 square feet of vacant office buildings that would be removed. Seven acres of open space would feature parks, a recreation and yoga deck, bocce court, playground and lawns. The two-story single-family homes are expected to measure between 2,400 and 2,700 square feet, while the affordable apartment building would reach six stories. Architect KTGY and landscape planner RHAA are guiding the design work. The development borders a historic park and buildings that will remain untouched.

Environmental review is underway and typically requires about a year. Valley Oak anticipates securing project approvals by mid-2027, after which it intends to purchase the land from Oracle as a joint venture with a homebuilder. Past partnerships have included firms such as Lennar, Pulte and KB Home. Demolition and infrastructure work could follow later in 2027, with home construction potentially starting in the first half of 2028.

The proposal operates under the builder’s remedy, which limits a city’s ability to reject qualifying housing projects that include a required share of lower-income units. A formal application was filed in 2024 after a preliminary filing the previous year. If the schedule holds, the redevelopment would convert underused office land into a range of housing options with substantial outdoor amenities in a location close to major employment centers and transportation routes serving San Jose and the broader South Bay.

Source: SVBJ

New Townhomes Proposed for McKendrie Street Near The Alameda

A 12-unit townhouse project is advancing at 1030-1038 McKendrie Street in Central San Jose. The plan would replace an existing surface parking lot on a 0.45-acre site with two multi-family residential buildings that include private garages and limited guest parking.

Studio Current is handling the design and application. The site sits on a block bounded by McKendrie Street, Myrtle Street, The Alameda, and West Hedding Street, placing it within walking distance of the College Park Caltrain station and inside the broader Alameda historic district.

Environmental review has been completed, with a mitigated negative declaration issued to address potential construction impacts. Work could begin as early as next March and is expected to take roughly five months once underway.

The modest-scale project adds housing in a central neighborhood already served by transit and nearby commercial activity. It represents another example of converting underused surface lots into residential use closer to existing infrastructure.

Source: SF YIMBY

Ensemble Breaks Ground on 301-Unit Parkside Apartments in Clara District

Ensemble Real Estate Investments has begun construction on Parkside, a 301-unit apartment complex at 2301 Calle Del Mundo in Santa Clara’s Clara District. The eight-story project carries an estimated $190 million price tag after the developer spent an extra year refining plans to cut costs by 10 to 15 percent and secure financing.

Bank of America provided the construction loan. Value engineering focused on more efficient kitchen and bathroom designs and reduced variation among unit types, making the numbers work in a high-cost environment. Amenities will include a golf simulator, cinema screening room, karaoke lounge, and other social spaces intended to create a lively residential atmosphere.

Parkside follows Ensemble’s AVE Santa Clara complex, which opened in the same neighborhood in 2025 and is fully leased. The firm views the two properties as complementary and expects 500 to 1,000 additional units to arrive in the Clara District over the next few years. Ensemble also holds further entitlements in the area and aims to start its next project within two to three years.

The site once held light industrial buildings, continuing the district’s shift toward housing. With an anticipated opening in fall 2028, Parkside adds another substantial residential option to a neighborhood that saw significant new apartments arrive in 2025.

Source: SVBJ

VTA Headquarters Relocation Opens Door to Hundreds of New Affordable Homes on North First Street

San Jose will welcome a significant shift in land use later this year when the Santa Clara Valley Transportation Authority relocates roughly 500 employees from its longtime North First Street headquarters into a Downtown office space.

The move will open the agency's 17-acre campus, home to operations since the early 1990s, for phased redevelopment that begins with a 330-unit affordable apartment project on 2.5 acres led by Eden Housing.

Future phases across the full site hold potential for as many as 1,100 housing units alongside office and retail elements, turning underutilized agency land into vibrant, transit-connected neighborhoods.

Eden Housing brings experience from recent Bay Area successes such as Mitchell Park Place in Palo Alto, and the initial phase will draw on tax credits plus grants from the California Department of Housing and Community Development.

This approach aligns with VTA's broader transit-oriented development efforts, including the upcoming Berryessa affordable housing project, all designed to increase ridership while delivering much-needed homes near existing transit infrastructure.

San Jose Evolves Housing Policies to Unlock Fresh Neighborhood Possibilities

City leaders have adjusted the Inclusionary Housing Ordinance to breathe life into dormant projects. The update shifts affordability tiers for rental units from 50, 60, and 100 percent of area median income to 60, 80, and 110 percent, easing the path for developers to move forward. This pivot aims at households caught between subsidized options and soaring market rates, fostering a broader mix of homes that reflect the city's diverse rhythms and needs.

With Santa Clara County's median income hovering around $195,200 for the current fiscal year, these changes promise to make building viable again in a market slowed by financing hurdles. Developers now face lower thresholds for affordable units if they opt for deeper affordability levels, or they can choose in-lieu fees or offsite construction. Separate guidelines remain for for-sale properties, ensuring a balanced approach that could sprinkle new townhomes and apartments across neighborhoods.

Past rules, while well-intentioned, led to stalled progress with minimal affordable units emerging. By tweaking the framework, San Jose is experimenting with strategies to amplify supply, potentially slowing rents climb through sheer volume. Meanwhile, dedicated programs like the Gap Financing initiative keep the focus sharp on deeply affordable developments, weaving a safety net for lower-income residents amid the growth.

Source: SVBJ

New Apartments Approved in West San Jose: Boosting Housing with Smart Redevelopment

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

New Renderings Showcase Innovative Tower Design for Downtown San Jose

Fresh renderings have emerged for the Fountain Alley mixed-use project at 35 South Second Street in Downtown San Jose, revealing a pair of residential towers designed by the renowned Bjarke Ingels Group. The development sits along South Second Street between Santa Clara and San Fernando Streets, near the historic Bank of Italy tower. This project forms part of a broader master plan led by developers Westbank and Urban Community, aiming to enhance the urban fabric with modern housing and community spaces.

The two towers reach heights of 279 feet and 289 feet, featuring balconies lined with trees to integrate greenery into the skyline. Materials such as aluminum, terracotta-toned glass-fiber-reinforced concrete, and curtainwall glass create a distinctive facade that blends contemporary style with the surrounding environment. Bionic handles the landscape architecture, while Kier and Wright serve as civil engineers, and Glotman Simpson oversees structural engineering, ensuring a thoughtful approach to the site's integration.

Inside, the project includes 768 apartments with a mix of 177 studios, 413 one-bedroom units, 152 two-bedroom options, and 26 three-bedroom residences. About 38 units will offer affordable housing for very low-income households through state density bonus provisions. Ground-floor retail spans 10,700 square feet, complemented by a pedestrian plaza, 45,000 square feet of basement parking, and space for 417 bicycles in a four-level subterranean garage. The total built area covers 831,600 square feet, primarily dedicated to housing.

This addition promises to bring more residents and activity to Downtown San Jose, supporting the area's evolution into a lively hub for living and leisure. Six projects in total are underway from the same developers in Downtown San Jose, including one already in early construction stages.

For more details, visit https://sfyimby.com/2025/12/new-renderings-for-big-designed-tower-in-downtown-san-jose.html.

Breaking Ground on The Fielden: Affordable Housing Takes Root in San Jose's Alum Rock Neighborhood

Construction has started on a new 160-unit affordable housing complex at 525 North Capitol Avenue in San Jose's Alum Rock area. Known as The Fielden, this five-story development replaces earlier plans for an office building. The project, led by Community Development Partners, marks their first venture in San Jose and stands as their most expensive to date, with a total cost of $123 million. Funding comes from multiple sources, including $8 million from Santa Clara County through the Measure A Affordable Housing Bond and a $26 million loan from the city of San Jose, which owns the site.

The Fielden will feature a variety of studios, one-bedroom, two-bedroom, and three-bedroom apartments spread across a one-acre lot, totaling about 42,000 square feet. Among these, 52 units are set aside for individuals who have experienced chronic homelessness, homeless veterans, or those with disabilities, emphasizing support for vulnerable community members. Its location offers convenient access to the VTA light rail, making it easier for residents to connect with jobs, services, and other parts of the city. Completion is slated for June 2027, promising to add much-needed housing options in a growing urban landscape.

Community Development Partners is exploring a collaboration with local nonprofit Veggielution, which could involve a shared kitchen space in the building to promote community activities around food and farming. This initiative aligns with San Jose's efforts to build smarter and more inclusively, focusing on vertical growth to accommodate more people without sprawling into surrounding natural areas.

Source: SVBJ