San Jose waives key building fees to spur downtown housing highrises

A construction crane is visible next the The Fay housing tower at South First Street and East Reed Street in downtown San Jose, May 2024.SAN JOSE — A frozen pipeline for housing tower development has prodded San Jose leaders to waive some fees to spur the construction of thousands of new homes downtown.

“The cost of construction downtown is too high,” San Jose Mayor Matt Mahan said before the City Council voted Tuesday night. “It just doesn’t pencil.” — Echo residential highrise at 147 East Santa Clara Street, a 415-unit development that is being developed by San Jose-based Urban Catalyst. “Hopefully in the next few months, certainly by the end of this year,” the Bo Town highrise would break ground, Dillabough told the City Council — as long as the fee waivers are in place

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sale closed in San Jose: $1.3 million for a four-bedroom homeThe property located in the 3300 block of Kettmann Road in San Jose was sold on May 28, 2024. The $1,265,000 purchase price works out to $904 per square foot. The house, built in 1965, has an inter…
Source: mercnews - 🏆 88. / 68 Read more »