689-Unit Multifamily Project in San Jose Gets Green Light from Planning Commission

Miramar Capital, Pinion Properties, Pacific Companies, Diridon Station, San Jose, Architects Orange, Google
Courtesy of AO

By Meghan Hall

A sizable multifamily project has cleared San Jose’s Planning Commission at a time when the region’s housing crunch feels stronger than ever. Last week, the Planning Commission recommended the approval of 226-254 McEvoy. Proposed by Miramar Capital, Pinion Properties and Pacific Companies, the development will total 689 units.

The project site is about 5.4 acres in size and is currently developed with 64,800 square feet of industrial space spanning nine different buildings. The current commercial square footage would be demolished in order to make way for the new project. 

More than half of the project’s units–about 375–would be designated as affordable. 70 percent of units would be for very-low income, or those earning 50 percent or below Area Median Income (AMI). 35 units would be for low income (60 percent or below AMI), while another 35 units would be for moderate income (80 percent or below AMI). 235 units would be at or below 120 percent AMI. The remaining 314 units will be market rate, according to project plans.

The units would be divided into two separate buildings, joined by a central paseo. Additional common space will be located at the eastern side of the buildings and in multiple courtyards spread across the site. Structure parking would be provided in both buildings and would accommodate 523 spaces. 4,005 square feet of commercial space will also be provided.

The project, dubbed “Dupont Village,” will be designed by Architects Orange. According to AO’s website, the project will utilize modular development and will feature a modern aesthetic. 

The Planning Commission’s vote allowed the project to move forward in several important ways, including the adoption of a necessary CEQA addendum and rezoning of the site. However, the project team will still need to secure final approval from the San Jose City Council before it can move forward with construction.

The project is not far from Diridon Station, which will see an explosion of development in the coming years as Google works to redevelop nearly 80 acres in the area. Google’s plans will cover about one-sixth of the 240-acre area surrounding Diridon Station. In its August 2019 proposal, Google aimed to develop between 3,000 to 5,000 residential units, as well as 5.5 million square feet of newly-proposed office space, 15 acres of green space and 500,000 square feet of retail, cultural, arts education and hotel space. Google has upped its allocations for residential and office space, now proposing up to 5,900 residential units and 7.3 million square feet of space.

West Coast Commercial Real Estate News