SAN JOSE — A big housing development could sprout in San Jose near the site of a future BART station and create more than 300 residential units, plans on file with city officials show.
The owners of the property had previously won approval from San Jose planners for a residential development of 140 units, including some affordable residences.
Now, 305 units are being proposed on the site, which is on East Julian Street in San Jose on a property that is a short distance from the anticipated location of BART’s 28th Street/Little Portugal station.
This time around, Integrated Community Development and Hestia Real Estate have teamed up to pitch the proposal to San Jose planners.
The first version of the project, which city staffers approved on Jan. 10, was proposed by San Jose-based Yi’s First Seed, an affiliate headed up by Chun Yi.
Yi’s First Seed also is the property owner of the development parcels, which are located at 1271 and 1279 East Julian Street between North 26th Street and North 27th Street in San Jose.
Both the new proposal and the prior project plans envisioned that the housing units would be accommodated within a seven-story building, city documents show.
It wasn’t immediately clear why the total apartments in the project have more than doubled compared with the first version of the project.
However, city officials often espouse high-density residential projects near transit sites such as this future BART station east of downtown San Jose.
The new proposal is a preliminary vision for the housing development and could be altered after city staffers issue feedback regarding the plans for the 305 units.
Small residential structures are present on the development parcels. These structures would be bulldozed to clear the way for the project.
Integrated Community Development has build master-planned communities in Oakley and Cloverdale, and apartments in Pittsburg, Calistoga, Santa Rosa and Los Angeles.
“Our company is a diversified firm that specializes in all aspects of real estate development,” Integrated Community states in post on its website.
George Avalos www.siliconvalley.com Business,Technology,Commercial Real Estate,development,Economy,housing-development,Real Estate,Transit
2024-01-18 16:05:13 , Silicon Valley