"Construction has officially started on the Aquino apartment complex, an eight-story development bringing 278 new units to Downtown San Jose at 498 West San Carlos Street. Developer Urban Catalyst led the groundbreaking ceremony on September 4, marking a significant step toward addressing the city's pressing housing needs. This project transforms a once-vacant corner at West San Carlos and Josefa streets, previously occupied by outdated structures like an office building and an autobody shop, into a modern residential hub."
"Positioned near Google's planned Downtown West campus and Diridon Station, Aquino enhances connectivity and vitality in the area. It neighbors other Urban Catalyst projects, including the completed Keystone Marriott TownePlace Suites hotel and a site slated for additional housing. This infill development promotes shorter commutes and a sustainable environment, fostering a community where residents can thrive amid Silicon Valley's innovation."
Construction began on the Aquino apartment complex, an eight-story development at 498 West San Carlos Street in Downtown San Jose, delivering 278 units. Urban Catalyst led the groundbreaking on September 4. The project replaces a vacant corner and outdated structures such as an office building and an autobody shop. The design shifted from co-living to a traditional apartment layout with compact units. The $135 million development secured a $112 million loan from Beach Point Capital and used San Jose’s multifamily housing incentive program, including fee and tax reductions. Fourteen units are deed-restricted as affordable. The site sits near Google's planned Downtown West campus and Diridon Station, promoting shorter commutes and greater connectivity.
Read at Thesanjoseblog
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