Affordable homes highrise may sprout in downtown San Jose after property deals

Affordable homes highrise may sprout in downtown San Jose after property deals

2 years ago
Anonymous $xqL1ZTchGQ

https://www.siliconvalley.com/2022/04/18/affordable-home-sprout-downtown-san-jose-real-estate-deal-develop/

SAN JOSE — An affordable housing tower may sprout in downtown San Jose after a developer bought sites needed for the project, a real estate deal buoyed by a big funding boost from a local government entity.

The Core Cos., a local developer that acted through an affiliate, has paid $18.2 million for three parcels near the corner of South Market Street and East William Street in downtown San Jose, documents filed on April 15 with the Santa Clara County Recorder’s Office show.