Showing posts with label san jose residential. Show all posts
Showing posts with label san jose residential. Show all posts

Tuesday, October 20, 2020

Market Park could bring thousands of homes and an office compound to North San Jose

A massive transit village has been proposed for the San Jose Flea Market right next to our new BART station. This is already the site of our largest project that is currently under construction. How massive you ask? The developers are looking to build 3,450 residential units and 3.4 MILLION square feet of commercial space. To put that in perspective that is roughly half of all the office space the exists in Downtown San Jose today.

The commercial component would be spread across seven buildings and three parking structures. The residential piece could utilize high-rises as tall as 200 feet, would would be very noticeable for the area. Other nearby amenities would include a plaza, pop-up retail space, an urban garden, a 1.4-acre rec area, tennis course, and a mini baseball field.

The bad news is that the Flea Market would be demolished to make way for the 61.5-acre project. There would be 150,000 SQFT of ground-floor retail and restaurants in the transit village, but it would not quite make up for losing a San Jose icon. However, given the vast increase in jobs, tax dollars, and density near transit--this project should be an easy approval by the city.

Source: SVBJ


Monday, June 29, 2020

Urban Catalyst proposes a residential mid-rise by Diridon

Urban Catalyst does not seem to be slowing down one bit when it comes to new development proposals. Their latest endeavor is Madera @ Downtown West, a 157-unit apartment complex near where Google plans to build their San Jose megacampus of up to 8 million SQFT.

Madera will have 49 studios, 14 one-bedroom, 14 two-bedroom, 26 three-bedroom, and 54 four-bedroom apartments. I'm happy to see a large number of studios and 3-4 bedroom units as theses are rare products in the San Jose apartment and condo markets. In fact, I'm quite shocked at there being 54 four-bedroom apartments as there are typically only a couple of these in each Downtown San Jose high-rise building and they are extremely expensive penthouses. This building might actually be family-friendly.

While it is only eight-stories, it is located in a medium density area that still has a large number of single family homes. This will certainly be an upgrade for the block, especially with ground-floor retail. The project is bound by 486-498 W. San Carlos St. and 332-338 Josefa St and it will replace a few small commercial buildings and a vacant house.

Construction could start as early as July 2021 and take two years to complete.

Source: SVBJ


Monday, June 15, 2020

31-story tower proposed in SoFA

A developer is seeking to build a 358-unit residential tower in Downtown San Jose's artsy SoFA District with a unique twist... the entire tower would be affordable housing. This would be one of the largest affordable housing projects in the Bay Area and would add a significant amount of food traffic Downtown.

The tower would have 190 studio units, 84 one-bedrooms, 28 two-bedrooms, and 56 three-bedroom unites. There would also be a three-story parking structure with 96 parking spaces. That is a surprising number of both studios and three-bedroom units, which are the two unit types that are in shortest supply for residential high-rises Downtown.

It is also worth mentioning that this would be the largest number of stories for any building in San Jose, either built or proposed. Even with low ceilings typical of affordable housing projects, this would likely be the first building in San Jose over 300 feet tall. It will be interesting to see what other details will be uncovered as this project moves forward.

Source: SVBJ


Tuesday, March 24, 2020

Garden Gate Tower plans purchased by British developer

Scape, a London-based developer specializing in student housing, has purchased the plans for Garden Gate Tower at the tail end of the SoFA District in Downtown San Jose. The current design calls for a shiny 27-story tower with an impressive penthouse amenity floor as you can see below.

Gardent Gate Tower was slated to have 290 condos and 4,840 SQFT of retail space. However, it is possible that Scape will try to convert this into a co-living or student housing building given that is their expertise. If they make the change, they would be in good company. The Graduate already starting taking tenants and KT Urban is planning an 850-bedroom co-living tower nearby.

Source: SVBJ






Tuesday, March 17, 2020

San Jose Development Map

The San Jose Economy blog has updated the map of new development projects in San Jose. The Sharks Ice expansion, Tribute Hotel, Garden Gate, 200 Park, Platform 16, Building 7 at Coleman Highline, and Danco Housing @ West San Carlos have been added. The planning team is reviewing development permits for more than 9,000 residential units and a staggering 15 million SQFT of office space citywide. Hopefully this will still come to fruition after the pandemic boils over.u

Most of the new project are centered around Downtown San Jose. Half of the proposed office space and 40% of the residential units are in the Downtown core. 551 hotel rooms and 86,000 SQFT of new retail are in the mix as well.

As for the projects currently under construction, you're looking at 8.7 million SQFT of office space, 1.3 million SQFT of retail, 470 hotel rooms, and 4,131 new residential units.

Check out the interactive map over here!


Tuesday, March 3, 2020

San Jose gets first round of tiny homes for the homeless

Homelessness is one of Silicon Valley's top issues, and it seems to be getting worse with over 6,000 individuals living on Santa Clara County streets. Fortunately, San Jose is taking a novel approach by building inexpensive tiny homes to house the less fortunate.

The first community of tiny homes is off of Mabury Road and consists of 40 "sleeping cabins," showers, a shared kitchen, laundry, and computers. Comcast is also donating WiFi service. The community is expected to serve 120 people a year (each resident can stay up to 4 months).

A second project is already underway near Felipe Court at the intersection of 101, 280, and 680. 

It's not a perfect solution but is helping move us in the right direction. I wish developers would also build inexpensive 150-200 SQFT studio apartments to provide additional housing options for everyone.



Monday, November 25, 2019

Massive residential project proposed near Diridon Station

Miramar Capital and Pinion Property Company are proposing 762 new residences between McEvoy St. and Dupont Street. This is just a little south from Diridon Station, which will eventually become Northern California's transit center.

The exact height and massing are still under consideration, but it will include one or more midrise buildings with courtyards like the rendering below. The housing would replace one and two-story commercial and industrial buildings.

Source: SVBJ


Monday, November 4, 2019

KT Urban proposes a 1.15 million SQFT tower

A prolific developer is looking to transform a corner at Almaden and Woz way into either an office or residential project, or perhaps even a combination of both. They have a preliminary site development plan with three options for the 2.6-acre parcel:

1.) All-office: 20-story, 1.15 million SQFT office tower with 977,000 SQFT of net office space.
2.) Mixed-use: 27-story office ower with 500,000 SQFT of net office space and a 27-story residential tower with 300 residential units and 300 hotel rooms.
3.) All-residential: A 27-story residential tower with 750 units.

I'm most excited by option 2, but honestly any of these three would be an asset to the Downtown San Jose area. KT Urban is working to secure city approval by the fourth quarter of 2020 and there is no publicized target date for construction.

Source: SVBJ


Monday, September 30, 2019

Google's vision for Diridon takes shape

We are getting closer and closer to the most significant mixed use project in Downtown San Jose history. Last month, the Station Area Advisory Group (SAAG) provided the first public viewing for the initial Diridon Station plan. The key principles for the project are locating jobs and housing near transit, connecting people to nature, creating partnerships, and making sure the San Jose brand is represented.

The numbers being thrown around for this project are surreal. 5.5 million SQFT of new office space followed by another million SQFT on the San Jose Water building site, 3,000-5,000 new housing units, 500,000 SQFT of retail/arts/hotel space, and 15 acres of green spaces.

It will take many years if not decades for this to all come together, but the direction is both promising and exciting.

Source: SJ Economy Blog


Monday, September 9, 2019

San Jose Development Projects

The SJ Economy blog has released a slick interactive map showcasing major development projects in the area. The map was developed along with the City of San Jose's Public Works GIS team.

The number and scope of projects in the pipeline right have to be an all-time high. We're talking tens of millions of SQFT of development. When using the interactive map, don't forget to use the tabs to see ALL of the projects.

Check out the map over here.



Wednesday, August 14, 2019

The Icon

A Chevron gas station near City Hall is going to be transformed into a 20-story residential tower with up to 250 market-rate units called the Icon. Urban Catalyst just revealed the render below last week. The sleek tower features multiple balconies and 7,500 SQFT of retail on the ground floor.

This appears to be just one of 10 project Urban Catalyst is planning for Downtown San Jose. A hotel, senior living residence, student housing building, co-living development, and an office building are also in the works. It total, they are planning to add $1 billion in value to San Jose's core.

The source article includes an interview with Joshua Burroughs and it is well worth a read if you are a Silicon Valley Business Journal Subscriber.

Source: SVBJ


Monday, July 8, 2019

StarCity's "co-living" tower moves forward

StarCity is working on the largest co-living project in the United States and it just received final city approvals. Co-living is like a dorm for adults. You get a small private space which typically includes a bedroom and bathroom and other facilities like the kitchen, living area, and laundry are shared between multiple residents. Generally co-living facilities are much less expensive than a typical newer apartment.

StarCity would like to build an 18-story tower with 803 co-living units at 199 Bassett Street. The location is is just three blocks away from San Pedro Square.

I would assume this will be on the higher-end of the co-living spectrum. The building will have a 5,000 SQFT gym, chef-style kitchens, bike storage, co-working areas. As an added bonus, there will be retail on the ground-floor that might include a cafe, grocery store, or bar.

If this gets built, it will immediately increase the Downtown population by a significant number and hopefully provide a more affordable living option.

Source: SVBJ


Monday, March 11, 2019

New homes and office space coming to Steven's Creek

Fortbay has just received approval for one of the first San Jose "signature projects" at 4300 Steven's Creek. This is just a few minutes west of Valley Fair and Santana Row and near the border of Cupertino.

The plan is to build 582 residential units, 233,000 SQFT of office space, and a multi-story parking structure. There will be some retail element, but it is not clear from the article how much or where in the project it will be. The new buildings will be between six and eight stories and will wrap around a new 1.4 acre promenade and park.

It's nice to see new mixed use projects being developed outside of Downtown San Jose. The one missing component here is access to public transit, but I have a feeling most of the residents will have a short commute to the Apple campus down the street. We really need to build some sort of mass transit from Downtown all the way to De Anza since this corridor is densifying rapidly.

Source: SVBJ




Tuesday, March 5, 2019

KT Urban planning a 27-story co-living tower

KT Urban has re-unveiled "Garden Gate" tower, destined for 600 S. First Street which is close to highway 280 in the SoFA part of Downtown San Jose. The 27-story tower will be our second proposal a co-living project--think fancy dorms for adults. Residents would pay slightly lower then average rents (for new construction Downtown) and get a private bedroom adjacent to common areas like living rooms and kitchens.

Generally, buildings like this are filled to the brim with amenities. From the renders below, it even looks like they are even planning a rooftop pool and a penthouse deck/lounge.

As housing prices continue to balloon out of control, we need to think a bit outside the box. Solutions such as co-living will help diversify the housing products available and hopefully bring a little bit more affordability to San Jose. From a development perspective, bringing 1,000 residents to SoFA would be icing on the cake.

Source: SVBJ






Tuesday, January 22, 2019

San Jose is the hottest housing market in the US

For the second year, Zillow has declared San Jose to be the hottest housing market in the country. High-salary tech jobs are continuing to drive prices and sales sky high. Currently there are 3.9 job openings for every 100 people in San Jose, giving us the highest rate of job openings of all large US metros. Combine that with the highest salaries in the US, and it is no surprise that our real estate market is still blazing hot.

There are some early signs of cooling. Population growth has slowed and inventory is creeping up. However, for now it's a really good time to be a home owner in San Jose based on Zillow's analysis.

Source: SVBJ


Monday, October 29, 2018

750 unit "co-living" project proposed Downtown

You may have heard of co-working, which is multiple companies and entrepreneurs sharing a collective space... but how about co-living? It is exactly what you think it is, dorm rooms for adults.

With rents hitting astronomical levels, we need to start providing some creative options so that more people can afford to live in San Jose. Co-living can triple the number of people that can live in an acre, while proving far more affordable rents.

Starcity wants to build a 750-unit building near Diridon at 199 Bassett Street. The 0.77 acre site would feature a building as tall as 18-stories with private rooms and shared spaces such as living rooms and kitchens. Residents do typically have their own micro-kitchen and restroom.

It's an innovative approach that could help us ramp up supply quickly and drive housing prices and rents down, or at least maintain them where they are today.

Source: SVBJ




Tuesday, September 25, 2018

Dual-branded hotel and condo coming Downtown

A unique multi-use building is coming to the corner of Clinton Place and Stockton Avenue, which is on the border of Downtown San Jose and The Alameda. The nine-story (97-foot-tall) project would host two different hotel brands, a Courtyard by Marriott and a Residence Inn. Combined they would have 311 hotel rooms and three stories of underground parking.

What is even more interesting than two hotel brands in a single building, is the fact that they are also building 19 market-rate condos on the top floor. This is the first time in Silicon Valley proper that condos are being included as part of a hotel project. Yet even more unusual, these are entry-level hotel brands. Typically you find condos that share hotel facilities in hotels like the Four Seasons, St. Regis, or Ritz Carlton. This goes to show how in-demand housing is in the area.

The hotels and condos are an easy walk to Whole Foods, the SAP Center, and Diridon. When Google builds their headquarters Downtown, these will be the closest rooms to their offices. It's a safe bet that nightly rates will be astronomical throughout the workweek.

If final approval from the city is received within 10 months, the hotels could be ready by 2020.

I'm happy to see more hotel rooms proposed for the area, but the building aesthetics could use some work. We don't want another AC Hotel fiasco (this kind of looks like a prison as well). Each new project should bring additional character to San Jose, and this looks quite generic. At minimum, perhaps they could utilize the giant roof area to build a park/outdoor lounge for guests and residents. The Pierce is a great example of how you can build something without height that is visually appealing and is additive to the neighborhood.

Source: SVBJ



Wednesday, May 16, 2018

Guest Post - A Crisis Means Opportunity

Below is a thoughtful post by Leslye Corsiglia on affordable housing in Silicon Valley. This is one of the most significant issues San Jose currently faces and I have personally seen a lot of great San Joseans that have contributed to the local community leave town because they could no longer afford to live here. While there is no simple solution, there are several ideas to move the needle in the right direction below.



A Crisis Means Opportunity

Last month, the Mercury News published stories about a burned out house in San Jose’s Willow Glen neighborhood that sold for more than $900,000 and a condemned house in Fremont that fetched $1.2 million. These stories are vivid reminders of the Bay Area’s housing crisis and exemplify the dilemma faced by our residents, where even families earning six figures have trouble finding a decent place to live.

A new study by the California Housing Partnership found that Bay Area residents need to earn more than four times the minimum wage or about $60 an hour to afford Bay Area rents.  And even that might not be enough. Last year, the U.S. Department of Housing & Urban Development classified a family of four earning $105,000 as low income.

But in every crisis there is opportunity, and right now we have two options: (1) allow the housing crisis to fester, turning the Bay Area into a gated community, where only the wealthy can live, or (2) start laying the foundation for economically diverse communities through the development of affordable housing, so that all people have a chance for success.

Option one seems oddly un-American. Option two is closer to what the promise of America represents. So how do we get there?

First, we need a more regional approach to the housing crisis. Luckily, there is no shortage of ideas, and some are already hard at work on the problem. CASA—the Committee to House the Bay Area—is working on regional solutions that would increase residential production, preserve existing housing, and protect current residents facing displacement. CASA will complete its work later this year. Check it out: https://mtc.ca.gov/our-work/plans-projects/casa-committee-house-bay-area

We need our local communities to step up with solutions. Many are. San Jose has a plan to add 25,000 new homes, including 10,000 that are affordable, in the next five years. Mountain View just approved the North Bayshore Precise Plan, which includes 9,850 new homes. Palo Alto just approved a progressive Housing Work Plan to significantly increase housing production, and, of course, there is the County’s Measure A, which voters approved last year to create more than 5,000 new homes, a significant percentage for homeless families and individuals.

We need help from the state. Our Bay Area Legislative Caucus was instrumental in passing an historic 15-bill housing package last year, which included Senator Bob Wieckowski’s bill to increase accessory dwelling units (granny flats) and Senator Scott Wiener’s Senate Bill 35, which is streamlining housing development in cities like Cupertino in exchange for making 50% of the units affordable. But more tools and more money must be forthcoming.

We need the assistance of the private sector. New start-up companies like RAD Urban and Factory OS in Vallejo are using modular construction techniques to reduce the cost of building safe, attractive homes for people of all income levels.  

And we need you. We now have an emerging consensus that the housing crisis is bad for the Bay Area and California, and we need to offer ways for residents to do something about it. This week’s Affordable Housing Week provides that opportunity. The week is designed to educate, inspire, and engage the public about the housing crisis and what we can do about it with 27 different activities. Check it out: bit.ly/svhousingweek2018.

To create opportunity from crisis, we must act locally, community by community, neighborhood by neighborhood, person to person.

Leslye Corsiglia is executive director of Silicon Valley at Home.

Monday, February 19, 2018

Two more residential high-rises planned for Downtown

It looks like we are just getting started when it comes to new high-density projects in Silicon Valley. Two developers are now proposing twin 18-story residential buildings called Davidson Plaza Towers on a two acre plot at 255 W. Julian Street, currently the site of the six-story Charles Davidson Building and a parking lot.

The project would have 653 market rate units, 10,000 SQFT of ground floor retail/commercial space, and underground parking for 654 cars. It has not been decided if these would be apartments or condos yet, but the mix would be 125 studios, 282 one-bedrooms units, 211 two-bedroom units, and 35 three-bedroom units. Amenities include a gym, pet play area, and multipurpose room. To continue a very welcome trend for proposed San Jose high-rises, they want to put one of the two swimming pools on the roof.

This would all be across the street from Silvery Towers, two blocks away from the San Pedro Square Market, and one block away from the Highway 87 freeway entrance.

Source: SVBJ




Tuesday, December 12, 2017

New mixed-use project proposed off Bascom and Southwest Expressway

Bay West Development is proposing a significant residential and office development right next to Bascom Light Rail station. The 6.4-acre project would have 447 residential units and 200,000 SQFT of commercial space. Today the site is a half-empty strip mall and smog testing station. The residential building would be eight stories (respectable density outside of Downtown) while the office building would be seven stories. There would also be an undisclosed amount of retail on the ground floor and a landscaped public space connecting the two buildings.

Source: SVBJ