Nine-Acre Site Near Levi’s Stadium Hits Market With Capacity for Nearly 1,000 Homes

A roughly 9-acre parcel at 2101 Tasman Drive and 2222 Calle de Luna in Santa Clara has returned to the market after BrightSpire Capital took control through a deed in lieu of foreclosure. JLL is marketing the site on behalf of the lender, with concepts ranging from about 600 apartments to two 22-story towers totaling 950 units.

The land sits inside the Tasman East Specific Plan area, a transit-oriented district on former industrial ground that Santa Clara has targeted for up to 4,500 homes (with an amendment under review that would raise that figure). Proximity to light rail, major employers including Nvidia, and Levi’s Stadium has kept the location in developers’ sights for more than a decade, even as earlier plans stalled before vertical construction began.

Apartments already completed in the district have leased quickly. Occupancy sits near 95 percent, with effective rents averaging about $3,684 for one-bedroom units and $4,916 for two-bedroom units. Those results, combined with continued Bay Area housing demand, are what BrightSpire expects will draw buyer interest as it looks to sell rather than hold the property.

Large, well-located residential sites remain scarce across Silicon Valley. A sale that moves this parcel into active development would add hundreds of homes within walking distance of transit and jobs, expanding options for people who live and work across the South Bay, including in San Jose.

Higher interest rates continue to complicate pricing conversations between buyers and sellers on sites like this one. BrightSpire has indicated it intends to market the property promptly rather than wait for financing conditions to shift.

Source: SVBJ

New Firearm Rules Land in California

Gov. Gavin Newsom signed 10 gun bills on Saturday, September 26. Starting January 1, 2029, Senate Bill 948 will require anyone applying for a Firearm Safety Certificate will have to finish a course of at least four hours in the prior year. The course includes classroom work on storage, private sales, straw purchases, and use-of-force law, plus live-fire exercises on a range. Current owners keeping guns they already hold are not pulled into that class. People who move to California with firearms will need a safety certificate within 180 days of arrival, beginning in 2028. Holders of a valid concealed-carry permit, or anyone who finished a CCW course in the previous three years, are written out of the new class requirement.

Two other bills in the stack will matter at the courthouse and the evidence locker. Senate Bill 1220 adds a 10-year ban on possessing a gun after a conviction for stripping serial-number information that police use to trace weapons. Assembly Bill 1743 lets cities and universities request Department of Justice data on guns recovered in criminal investigations so researchers can map how those guns traveled. The California Rifle and Pistol Association opposed all three, calling the class an extra tax on ownership, the 10-year ban broader than public safety requires, and the data-sharing bill a privacy risk after a 2022 breach of carry-permit records. Gun-control groups, including Giffords, treated the package as closed loopholes and better training.

San Jose and Santa Clara County already run their own gun-violence caseloads: suicides, robberies, threats, and seizures that show up in local police and DA work. None of the signed bills is a city ordinance. They will still land at every dealer from Berryessa to Almaden once the Department of Justice writes the regulations and certified instructors line up range time. Expect legal challenges as unfortunately California’s last round of ammunition-background rules is still in court.

Source: San Jose Inside

San Jose’s Urban Village Vision: 474 New Affordable Homes on South Bascom Avenue

As part of San Jose’s Urban Village plan, a new development promises to transform a sleepy lot into a lively, walkable hub where with easy access to public transportation. The Urban Village plan anchors San Jose’s 2040 Envision Plan, targeting areas like the South Bascom site for a bold shift toward medium to high-density growth. It’s all about crafting neighborhoods where daily life doesn’t hinge on a car.

Crafted by b9 Architects, this project at 1099 South Bascom Avenue will deliver 474 affordable housing units, a major win for accessibility. The design leans hard into sustainable living, offering just 191 parking spaces but a generous 457 bike stalls. It’s a clear nod to a future where pedals outpace pistons. The site, currently home to a Round Table Pizza and a vacant storefront once occupied by Kelly-Moore Paints, will shed its underused past for a vibrant new chapter. The developer is even pursuing a density bonus to pack in more units, amplifying the project’s reach.

This isn’t a standalone effort—San Jose is riding a wave of transformation. Across Santa Clara County, underutilized parcels are morphing into large affordable housing developments, and South Bascom Avenue is a standout in this trend. By embracing the Urban Village model, San Jose is sculpting a city that’s sustainable, dynamic, and open to all.

Source: SF YIMBY