"San Jose has unlocked substantial progress on housing by approving nearly ten million dollars in incentives for three residential developments, which will help deliver more than one thousand one hundred new units."
"The Gateway Tower project at 470 South Market Street will introduce two hundred twenty affordable apartments in a fifteen-story structure that also includes ground-floor retail space."
"Nearby, the historic Bank of Italy building transforms into one hundred nine apartments, preserving architectural heritage and adding needed homes to the urban core."
"San Jose continues to demonstrate leadership by streamlining costs and encouraging developers to move forward despite broader market pressures."
San Jose has approved nearly ten million dollars in incentives for three residential developments, resulting in over one thousand new housing units. The Gateway Tower project will provide two hundred twenty affordable apartments and ground-floor retail space, with construction starting in May. The historic Bank of Italy building will be transformed into one hundred nine apartments, preserving its architectural heritage. Additionally, El Paseo de Saratoga will add seven hundred seventy-two units. These initiatives aim to address affordability challenges and enhance living options for residents.
Read at Thesanjoseblog
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