SAN JOSE – A large residential complex with affordable housing is planned next to downtown San Jose and near the planned Google transit village. This is a new indicator that new developments are in the works for the post-coronavirus era.
The San Jose development would consist of 156 residential units, all of which are affordable rental apartments that city planners have said are located near the corner of West San Carlos Street and Sunol Street.
“We’re planning a 100 percent affordable project,” said Chris Dart, a senior executive at Danco Group, a residential construction company in the town of Arcata, Humboldt County. Affordable living space is an important Danco specialty. “The prospect of Google coming to the region played a big part in our interest in this website,” said Dart.
The Danco Group acquired approximately 1.2 hectares of land through a subsidiary on which the project was to be developed. San Jose Sunol Street, the subsidiary of Danco, paid $ 11.2 million for the location.
“We want to develop locations that are near amenities, near resources, grocery stores, school districts, and within walking distance of transit,” said Dart.
The development would include a fitness center, common areas, a common room and affordable childcare.
Developers hope to begin construction on the project in 2023 once the city’s approval process is complete.
Across the street from the 777 West San Carlos settlement, the Danco Group is planning another residential project with 80 affordable units at 750 W. San Carlos St.
Additional housing developments are also located near West San Carlos Street, and more are in the planning phase.
Google has proposed a pass-through community called Downtown West of office buildings, homes, stores, restaurants, hotels, cultural centers, and entertainment centers where the search giant could employ up to 25,000 people.
“You want to place your apartment near the workplaces,” said Dart. “You want people to work in your apartment, go to restaurants, go shopping, go to the theater.”