San Jose approves scaled-down El Paseo urban village project
https://www.siliconvalley.com/2024/11/21/san-jose-development-rightsize-shopping-center/
The San Jose Planning Commission has signed off on changes to the previously approved El Paseo de Saratoga Shopping Center urban village project — including reducing it by a few hundred residential units and scrapping most of its affordable housing in exchange for a $13.9 million payment.
Representatives from Sand Hill Property Co. said that the developers needed to adjust the project to match market conditions since the city first approved plans in 2022 for 994 units, including 150 that qualified as affordable housing.
San Jose approves scaled-down El Paseo urban village project
Thu Nov 21, 11:28pm UTC
https://www.siliconvalley.com/2024/11/21/san-jose-development-rightsize-shopping-center/
> The San Jose Planning Commission has signed off on changes to the previously approved El Paseo de Saratoga Shopping Center urban village project — including reducing it by a few hundred residential units and scrapping most of its affordable housing in exchange for a $13.9 million payment.
> Representatives from Sand Hill Property Co. said that the developers needed to adjust the project to match market conditions since the city first approved plans in 2022 for 994 units, including 150 that qualified as affordable housing.