Downtown San Jose projects near Google Village could create 250 homes
SAN JOSE — Two housing projects developing on a block in downtown San Jose are poised to bring hundreds of homes to sites near Google’s proposed transit village.
One project has just secured a construction loan and the other is under construction. Both are located near the corner of Delmas Avenue and Auzerais Avenue in downtown San Jose.
Delmas Village received $30.9 million in construction financing from Construction Loan Services, according to documents filed April 1 with the Santa Clara County Recorder’s Office.
County property records show Delmas Village also secured nearly $19 million in financing from Greenworks Lending, a unit of Nuveen Green Capital, which finances commercial real estate projects with green energy and sustainable components.
Delmas Village will add 120 residential units to a site at 345 Delmas Ave., according to a web post from developer and project owner, Milpitas-based Mil-Techs, which invests in Bay Area real estate.
Large piles of soil and excavated holes were visible at the Delmas Village project site this week.
Just down the block, construction workers were operating equipment and performing a range of tasks this week at the site of an affordable housing project at 425 Auzerais Avenue.
427 Auzerais Apartments is a project that is expected to bring 130 affordable housing units to downtown San Jose. Eden Housing is the developer of the residential complex.
An estimated 64 units will be reserved as permanent supportive housing to address homelessness in San Jose. The remaining 66 units will be reserved for families earning between 50% and 60% of the region’s median income. The median area income for the typical San Jose metro area household is $115,900 per year.
Both projects are a short distance from the footprint of a mixed-use neighborhood that Google has proposed near Diridon Station.
“(It’s) a vibrant area near several transit stations where both the city and Google are investing significant resources,” Eden Housing says of the Avenue Delmas neighborhood.
Google’s transit-oriented neighborhood is expected to include office buildings, homes, shops, restaurants, entertainment centers, cultural loops and open spaces. The search giant could employ up to 20,000 people in the proposed new village.
427 Auzerais Apartments will offer a range of amenities for residents, according to the Eden Housing website.
“An outdoor space with a fitness loop, community garden and drought-resistant landscaping, community hall, computer learning center and fitness/yoga studio” are among the planned amenities, the site said. Eden Housing.