"The Sunnyvale Planning Commission unanimously voted Monday to allow De Anza Properties and property owners to change their 111-home project to a mix of roughly 85 owned condos and 25 apartments for rent. Commissioners already approved the project plans in 2024, which include a 7-story building with 31,361 square feet of commercial space located at 1104 and 1124 W. El Camino Real."
"De Anza Properties also applied to pay an in-lieu fee to the city's Housing and Mitigation Fund, rather than make 15% of its project affordable per city requirements. The fund has $30 million, according to city officials, and can be used to further affordable housing initiatives. De Anza Properties would pay roughly $17 million into the fund. The City Council must approve the request before the project moves forward."
The Planning Commission approved converting most units in a 111-home project to roughly 85 owned condominiums and 25 rental apartments, following earlier project plan approvals that include a seven-story building with 31,361 square feet of commercial space. The 3.56-acre development would demolish 25,232 square feet of existing commercial space, including a car lot, and add five single-family homes. The developer seeks to pay approximately $17 million into the city’s Housing and Mitigation Fund instead of providing 15% affordable units on-site. City Council approval is required to finalize the in-lieu fee arrangement.
Read at San Jose Spotlight
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