
"Here you've got unparalleled access to transit, and so that's really what this project means, Mayor Matt Mahan said. That's what the Facchino family is making possible here: 700 more homes ultimately for families, places for kids to grow up, to have birthdays, to do their homework and to build a future in our valley. For far too many people, that opportunity to achieve the American dream here in Silicon Valley has been out of reach."
"The San Jose City Council had previously approved plans for the site that included a combination of up to 850 apartments and condos and a commercial building up to 455,000 square feet, but with the struggles of the office market, the plan became infeasible to finance. The most up-to-date iteration of the project is split into several blocks, including 260 affordable apartments developed by Swenson and 48 townhomes and single-family residences developed by KB Homes."
A new 13-acre neighborhood at 1655 Berryessa Road will add 708 homes within walking distance of the Berryessa BART Station, including affordable housing, townhomes and single-family residences. The project emphasizes transit access and aims to provide family housing opportunities in North San Jose. The Facchino Family began a trucking company in 1931 and acquired the property in 1972 before leasing it to industrial users. Earlier plans called for up to 850 apartments and 455,000 square feet of commercial space, but market conditions made that plan infeasible to finance. The current plan includes 260 affordable apartments developed by Swenson and 48 homes by KB Homes, with low-income set-asides.
Read at www.mercurynews.com
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