"This project at 1000 South De Anza Boulevard, led by Borello Asset Management, leverages the builder's remedy to transform a underutilized site into vibrant residential space. By qualifying under this provision before the city's housing element was finalized, the development gains flexibility to mix affordable and market-rate units, addressing the pressing need for more homes in our growing city. The seven-story building will feature 20 percent of its units reserved for low-income households, with the remaining 80 percent at market rates."
"Amenities include a fitness center, pet spa, outdoor courtyard, and rooftop patio, creating a welcoming community hub. With about 150 parking spaces planned, the project replaces a vacant single-story commercial building that once housed a Carl's Jr. and later a sushi restaurant, turning an empty lot into a productive asset for West San Jose. The site, long held by the Borello family, sat idle after the pandemic closed the last tenant, prompting a shift toward housing."
Development at 1000 South De Anza Boulevard will replace a vacant single-story commercial building with a seven-story residential building. The project qualified under the builder's remedy before the city's housing element was finalized, allowing a mix of affordable and market-rate units. Twenty percent of units will be reserved for low-income households and eighty percent offered at market rates. Amenities will include a fitness center, pet spa, outdoor courtyard, and rooftop patio. Approximately 150 parking spaces are planned. The site, long held by the Borello family, has environmental clearance and permits approved for construction or possible sale of the entitled property.
Read at Thesanjoseblog
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