SAN JOSE Two eye-catching housing towers that would sprout atop the site of a San Jose parking lot have received final city approval in a fresh sign that developers continue to scout for ways to step away from office projects. The towers would produce 768 residential units at 35 South Second St. in downtown San Jose, according to the just-approved proposal that was submitted by global mega-developer Westbank, which has proposed several projects in the city's urban core.
Westbank purchased the Charles Davidson Building at 255 West Julian St. in downtown San Jose for approximately $14.2 million, utilizing Acore Capital Mortgage financing of up to $207.9 million.