"SAN JOSE - A high-profile San Jose development that originally was floated as adjacent housing and office towers has now evolved into a midrise project that would produce well over 600 homes - and no offices - new plans on file at City Hall show. Urban Catalyst, a real estate firm that is active in downtown San Jose, has proposed two buildings, each of them eight stories, that would sprout in downtown San Jose, plans that would replace towers with shorter buildings."
""Wood-frame housing makes the most economic sense, and eight stories is the highest you can build with wood frame," said Joshua Burroughs, chief operating officer and partner with Urban Catalyst, the developer and the principal owner of the development site. "It's very expensive to build concrete and steel frame high-rise housing." Together, the two residential buildings would produce 626 apartments, according to the project files. Each of the buildings would contain approximately 300 units."
Urban Catalyst proposes two eight-story residential buildings in downtown San Jose that would replace previously proposed taller towers. The wood-frame buildings would yield 626 apartments, about 300 units per building, with sites at 147 E. Santa Clara St. (a Chevron gas station) and 95 N. Fourth St. (an empty commercial property). Earlier concepts included a 20-story, 525,000-square-foot office tower called Icon and a 26-story housing high-rise with 389 residences called Echo. The developer cites wood-frame economics and construction cost differences compared with concrete and steel. The proposal uses SB 330 for streamlined housing review and is planned to be built in phases.
Read at The Mercury News
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