Veev Homes Deliver Smart Sustainable Living in Prime San Jose Locations

Veev is one of the most unique and innovative homebuilders I have ever come across. For decades I have felt that homebuilding was ripe for disruption, and I'm honestly surprised it has taken this long to see someone try and shake up the market. I have recently enjoyed both an in-depth tour of a Veev home in my neighborhood as well as a visit to the factory where the homes are built (yes, I said factory).

This builder, which was purchased by Lennar in 2023, relies on advanced panelized construction that assembles homes with remarkable efficiency using durable frames and high-performance materials. The walls are the real product as they house plumbing and electrical wiring straight from the factory and then are assembled like Legos at the homesite. These elements reduce waste significantly during building and at high volumes have the potential to greatly reduce both costs and construction timelines.

Looking at the exterior and interior, a Veev home looks completely normal. You would never guess that this was mostly built inside of a 500,000 SQFT Tesla-like factory and assembled in about 60 days. Most new builds require anywhere from 1-2 years of permits and construction at the homesite.

Veev currently has two different models of homes and both are generously-sized around 3,000 SQFT. Their first mass-production solution is called the Model E. It's ultra-modern, especially the interior with LED edge-lighting everywhere and slick finishes which you can see above.

You can find a Veev Model E in San Jose at 5973 Tandera Avenue in the Blossom Hill area by Oakridge. The price is $847/SQFT, which is lower than most new construction homes in the area. Other locations include 2820 Cardinal Lane (Willow Glen), 2652 Orinda Drive (Evergreen), and 304 Curie Drive (Blossom Hill).

I personally love this interior style, but they have decided to go a bit more traditional with the sequel, called the Model X. The exact interiors for the Model X are still being worked on, but I had a chance to see the model in the factory and would honestly move into either the Model E or X tomorrow. The Model X also features a grand entrance with a soaring ceiling height and an attached ADU, perfect multi-generational living or generating rental income on the side.

In addition to Veev selling homes directly, if you already own the land you can also have them build on your site. Including the teardown of the existing home, it's possible to get a brand new ~3,000 SQFT home for under $1 million. The hard part is finding low-cost land in San Jose that is large enough to accommodate the footprint. Long term, Veev also plans to offer smaller homes which will help cut costs further and open up more possibilities for potential homesites. 

The way single-family homes are built today is crazy. It's essentially like building a custom home every single time. By moving most of the construction to a factory, economies of scale and improved efficiency will help open up more affordable and higher quality housing options. Veev is an early mover and obviously at the higher-end of the market, but I truly hope other homebuilders will adopt this model and disrupt housing at all price points. 

As Veev comes out with new products, I will definitely be featuring them here. For more details and to schedule a viewing to check out one of their homes for yourself, visit https://www.veevsanjose.com.

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

Misora Apartments Signal Continued Growth at Santana Row

Santana Row stands as a premier destination in San Jose, blending shopping, dining, and living spaces into a vibrant community hub. Federal Realty now plans to market the Misora apartment complex at 388 Santana Row, a 212-unit building completed in 2014 that spans about 222,000 square feet. This move follows the recent sale of the neighboring Levare apartments for $74 million to Hines in May, reflecting strong interest in high-quality residential properties within this sought-after area.

CEO Don Wood described such sales as a core part of the company's strategy, allowing reinvestment into mixed-use environments without affecting the retail and entertainment core. Misora, positioned across from Levare, offers modern living options that complement the lively atmosphere of Santana Row, where residents enjoy walkable access to boutiques, restaurants, and events. If priced similarly per unit to Levare, the complex could fetch upwards of $145 million, underscoring the value of San Jose's real estate market.

This transition opens doors for fresh ownership to enhance the property, potentially introducing new amenities or community features that build on Santana Row's appeal. As San Jose's west side continues to thrive, developments like this reinforce the area's role as a magnet for professionals, families, and visitors seeking a blend of urban convenience and leisure.

Source: SVBJ