SAN JOSE – Hundreds of homes and a grocery store could be built on a large lot in northern San Jose, next to the city’s major technology centers and near the banks of Coyote Creek.
A Texas-based developer’s project is planned for a location near the corner of Montague Expressway and Seely Avenue across from Cadence Design Systems’ headquarters.
The site has a total area of around 11.2 acres and consists mainly of empty land, although there are several structures on the property and the tsukuda fruit stand.
“This is a new neighborhood in north San Jose,” said Erik Schoennauer, a San Jose-based land use and real estate advisor who advises the developer. “The aim is to create a strong neighborhood context for this project.”
As described, 11 acre property bordered north of San Jose at the corner of Montague Expressway and Seely Avenue, where a large mixed-use residential and retail project is proposed. // Google Maps
Hanover Co., headquartered in Houston with a regional office in Danville, has proposed the mixed-use project, which has an approximate address of 2620 Seely Ave. in San Jose has.
The development would consist of 735 apartments, which would be built in two phases according to the preliminary proposal submitted to the city.
The retail space would have a total area of around 33,000 square feet and would be located in three locations of the project, as the preliminary proposal shows.
The largest retail component would be a potential grocery or other retail outlet with a total area of 27,000 square feet. Two other much smaller retail locations under development would be approximately 3,000 square feet each.
“In order to make living in the apartment attractive, we would like to provide the residents with more retail and restaurant options,” said Schoennauer. “The neighborhood would also have amenities like the Coyote Creek Trail. We will probably contribute to the expansion of the neighborhood park. “
Mixed use in north San Jose with multi-story residential buildings and single-story retail buildings, proposed for the corner of Montague Expressway and Seely Avenue, site plan. // KTGY architecture + planning
According to the preliminary plans, the first phase of the project would include a multi-storey building with a total of 367 apartments. The second phase would consist of 368 apartments.
“This location has long been planned for residential purposes,” said Schoennauer. “The city’s plans for North San Jose placed a residential complex on this site. Our goal is to just implement the plans. “
It was not clear from the Hanover proposal whether the grocery store or any other large retail component would be built in the first phase or a subsequent phase.
According to Schoennauer, Hanover Co. has developed two modern apartment complexes in San Jose:
– Cannery Park, a 403-unit complex open and fully let in Japantown on North 10th Street and East Taylor Street.
– A development of 249 homes and 26,000 square feet of retail space on Julian Street and Stockton Street near Diridon Station in downtown San Jose. This project is still under construction.
“Hannover is very committed to San Jose,” said Schoennauer.
The proposed development area in north San Jose is owned by a group of partnerships, CMS Investments and JDM Investments, controlled by Fresno resident Carolyn Sakauye.
Schoennauer believes that housing is urgently needed in northern San Jose and elsewhere.
“The real estate crisis has not subsided,” said Schönennauer. “We need more apartments of all kinds. We just hope to anchor the immediate neighborhood with a nice mixed-use development. “