Downtown San Jose’s transformation: Plans are submitted for yet another residential tower

In recent months, anyone walking through downtown San Jose has seen the signs of its transformation:  A series of new residential towers breaking ground, on their way to bringing about 1,300 apartments and condominiums to the 250 square-block downtown core. In addition, around 20 projects promising another 6,000 or so units are in the pipeline, recently approved or under review by City Hall.

One more now is on the horizon: a 24-story tower at the corner of Almaden Boulevard and Park Avenue — across the street from Adobe Systems’ headquarters, where that tech company is planning an expansion that could bring 3,000 more workers to downtown.

As reported Thursday in the Silicon Valley Business Journal, the new tower is planned by Equus Capital Partners, which has submitted an application to the city to build the mixed-use project. Plans call for 260 residential units — weighted toward studios and one-bedroom apartments — above 1,500 square feet of retail space fronting Park Avenue, according to the Journal’s story.

Designed by Steinberg Architects, the tower is proposed as an expansion to Equus’s existing City View Plaza Complex which includes office buildings and about 40,000 square feet of restaurant space, including Scott’s Seafood and Morton’s Steakhouse.

Not only would the new tower stand across the street from Adobe’s planned expansion, but it would be nearby the 25-story mixed-use Museum Place project that received a go-ahead this week from the City Council. Insight Realty Co. plans to knock down the city-owned Parkside Hall — next to the Tech Museum — and build the 1.4 million square-foot, mixed-use Museum Place complex¬† including residential, retail, hotel and offices.

And of course, just a hop and a skip away from all of this is an even bigger, proposed game-changing project — the massive, transit-centered Google village with up to 20,000 new jobs and 8 million square feet of development near Diridon Station.

Photo: In 2015, an apartment complex rose on N. 6th Street in downtown San Jose, blocks from where Equus Partners plans to build a 24-story mixed-use tower. (Karl Mondon/Bay Area News Group)

 

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  • hoapres

    The homeless are to be displaced from downtown San Jose thanks to Google.

  • hoapres

    Americans won’t live in residential stories. Oh that’s right, we get OPTs and h1bs to live in them.

  • hoapres

    The slums of tomorrow built today.

  • Steven Degrace

    hire those that already live here

 
 
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