SAN JOSE – An affordable residential tower is planned at a prominent location in downtown San Jose. This is fresh evidence that the economic troubles and worries of the coronavirus have not stifled property entrepreneurs.
Developers have proposed a 30-story residential tower in the hip SoFA neighborhood of downtown San Jose. The project is expected to be near the corner of South Second Street and East Reed Street.
“We’re very excited about this,” said Kurt Anderson, General Manager of Anderson Architects in Campbell, who presented concepts for the tentative proposal for the residential tower that will be distributed in San Jose City Hall. “We want a building with classic architecture. There will be a rooftop terrace, other amenities, a common room, and a fitness center. “
The development, which would consist of 354 homes, is designed to help bring affordable homes to downtown San Jose.
“It will be 100 percent affordable,” said Anderson.
Roygbiv, a real estate development company, submitted the project proposal to the city planners. Preliminary proposals are often submitted to help developers assess city staff and city guides’ views on a potential project early on.
“This will be a good place to stay, a very nice place to stay, and at an affordable price,” said Anderson.
Currently the project site at 605 S. Second St. is an empty lot piled with building materials.
The developers also hope to make the project energy efficient, along with the affordability features.
“The building is designed in such a way that the net-zero energy consumption is covered,” says the preliminary proposal that has been deposited in the town hall.
The project would be built near busy light rail and bus routes and only half a block from Interstate 280.
The tower would include a mix of studios as well as one, two, and three bedroom units. About 190 units would be studios, 84 one-bedroom units, 28 two-bedroom units, and 56 three-bedroom apartments.
“The need for affordable housing in this area will never go away,” said Anderson. “There will always be a demand for affordable housing in South Bay.”
In addition, Google’s plans to build a transit-oriented community of office buildings, homes, shops, restaurants, hotels, cultural centers, and entertainment centers near Diridon Train Station and the SAP Center on the western edge of downtown San Jose have the prospects for strengthened the South Second Street Housing Tower as well as other projects.
“We have a special opportunity to use Google to create a world-class downtown San Jose,” said Anderson.