A real estate firm in San Jose switched from a proposed office building to a housing plan on a prime site, reflecting the struggling Bay Area office market.
The potential development site at 335 South Winchester Boulevard in San Jose, previously valued at $7.8 million, is now for sale for $20 million, focusing on housing.
Builders now seek residential projects in the Bay Area as a solution to economic challenges, illustrated by the transition from an office to housing proposal on a key site in San Jose.
The new housing proposal for 335 South Winchester Boulevard envisions around 75 apartments and ground-floor commercial spaces, following the expiration of the office entitlement for the site.
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