Developer scuttles affordable housing project at prime San Jose site
https://www.siliconvalley.com/2024/08/12/san-jose-home-house-affordable-build-property-economy-inflation-money/
SAN JOSE — A developer has scuttled an affordable housing development that would have produced well over 100 residences in San Jose, a disquieting move spawned by unfriendly economic headwinds.
USA Properties Fund sought to replace a shopworn small retail center at 1190 Hillsdale Avenue in San Jose on a site west of a cluster of automotive dealerships.
Developer scuttles affordable housing project at prime San Jose site
Mon Aug 12, 7:31pm UTC
https://www.siliconvalley.com/2024/08/12/san-jose-home-house-affordable-build-property-economy-inflation-money/
> SAN JOSE — A developer has scuttled an affordable housing development that would have produced well over 100 residences in San Jose, a disquieting move spawned by unfriendly economic headwinds.
> USA Properties Fund sought to replace a shopworn small retail center at 1190 Hillsdale Avenue in San Jose on a site west of a cluster of automotive dealerships.