"Urban Catalyst is updating their dual high-rise proposal into two eight-story residential buildings. The project shifts from earlier office and housing concepts to focus solely on apartments, delivering 626 units across sites at 147 E. Santa Clara St. and 95 N. Fourth St. This adaptation uses wood-frame construction for efficiency and cost reduction, allowing the development to progress amid economic realities while addressing the city's housing needs."
"The first phase targets the corner of East St. John and North Fourth streets near St. James Park, replacing an empty commercial property. The second phase follows at East Santa Clara and North Fourth, currently a Chevron gas station that may operate a few more years. Each building includes about 300 units and incorporates ground-level commercial and retail space along East Santa Clara Street, enhancing street activity in the area."
Urban Catalyst plans two eight-story residential buildings to replace an earlier dual high-rise concept and deliver 626 apartments across sites at 147 E. Santa Clara St. and 95 N. Fourth St. The development adopts wood-frame construction to reduce costs and speed delivery amid current economic conditions. Phase one will be at East St. John and North Fourth near St. James Park on a vacant commercial lot; phase two will follow at East Santa Clara and North Fourth where a Chevron station currently operates. Each building will contain roughly 300 units with ground-level commercial and retail on East Santa Clara Street. The project uses Senate Bill 330 for streamlined approvals and expects approximately $300 million in total investment, with per-building costs estimated at $130 million to $150 million, prioritizing feasibility and speed to address the housing shortage.
Read at Thesanjoseblog
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