Downtown San Jose projects near Google village may create 250 homes

SAN JOSE — Two housing projects rising on a downtown San Jose block are poised to bring hundreds of homes to sites near Google’s proposed transit village. One project has just landed a construction loan and the other is currently being built. Both are located near the corner of Delmas […]

SAN JOSE — Two housing projects rising on a downtown San Jose block are poised to bring hundreds of homes to sites near Google’s proposed transit village.

One project has just landed a construction loan and the other is currently being built. Both are located near the corner of Delmas Avenue and Auzerais Avenue just northwest of where Highway 87 and Interstate 280 intersect.

Delmas Village has received $30.9 million in construction financing from Construction Loan Services, according to documents filed on April 1 with the Santa Clara County Recorder’s Office.

County property records show that Delmas Village also landed nearly $19 million in financing from Nuveen Green Capital, which provides funding for commercial real estate projects with green energy and sustainable components.

Delmas Village, a 120-unit residential development at 363 Delmas Ave. in downtown San Jose, concept. (Salvatore Caruso Design)

Delmas Village will add 120 residential units to a site at 345 Delmas Ave., according to a web post by the project’s developer and owner, Milpitas-based Mil-Techs, which invests in real estate in the Bay Area.

Large piles of dirt and excavated holes were visible at the Delmas Village project site this week.

Just down the block, construction workers were operating equipment and conducting an array of tasks this week at the site of an affordable housing project at 425 Auzerais Ave.

427 Auzerais Apartments is slated to bring 130 affordable homes to downtown San Jose. Eden Housing is the developer of the residential complex.

An estimated 64 units will be set aside as permanent supportive housing to address the homeless situation in San Jose. The remaining 66 units will be restricted to families who earn 50% to 60% of the area median income. The area median income for the typical household in the San Jose metro region is $115,900 a year.

427 Auzerais Apartments, a 130-unit affordable housing development located at 425 Auzerais Ave. in downtown San Jose, concept. (OKJ Architecture + Planning)

Downtown San Jose projects near Google village are poised to create hundreds of homes

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