Downtown San Jose towers face tricky financing despite housing shortage

Downtown San Jose towers face tricky financing despite housing shortage

11 months ago
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https://www.siliconvalley.com/2023/12/11/san-jose-house-home-apartment-real-estate-finance-economy-build-office/

SAN JOSE — A trio of proposed housing towers in downtown San Jose could face a tricky quest for construction financing due to an increasingly uncertain economy.

Preliminary plans have been formally filed for two new housing high-rises to replace a proposed office tower at the corner of North Fourth Street and East Santa Clara Street in San Jose near City Hall.