KT Urban Plans Aviato Residential Project in San Jose

Aviato, San Jose, KT Urban, Adobe, Google, Essex Property Trust, Silvery Towers

By Michele Chandler

The Aviato project, an 18-story building containing residential units and retail space, has been proposed for 199 Bassett St. in downtown San Jose, just east of the Guadalupe Freeway—Highway 87 and west of Coleman Avenue. The applicant for the project, which is named Aviato, is Cupertino-based KT Urban. The developer has hired C2K Architecture Inc. as the project’s architect.

Along with the planned 302 units, Aviato is also proposing 10,301 square feet of retail space. The units in the building will include studios, one-bedroom and two-bedroom apartments, with an average size of 949 square feet, according to the documents filed with the city.

All of the units are planned to be market rate apartments.

KT Urban has requested a Special Use Permit Site Development Permit to allow the demolition of the existing warehouse buildings and construction of the new tower.

“The Bassett Street project addresses the growing need for housing near transit and employment centers, complements the future growth plans of companies like Adobe and Google and is a key component of the ever-evolving fabric of downtown San Jose,” said Mark Tersini, principal of KT Urban in and email statement. “Demand continues to grow and creating additional supply is becoming more challenging every day,” he added.

Construction on KT Urban’s Aviato residential and retail tower is planned to commence in 2018, with the building estimated to open to residents in 2020.

The 0.77-acre site is bounded by North San Pedro Street to the east, Terraine Street to the west and West Julian Street to the south.

The development will include 23,508 square feet of private open space. A swimming pool and 3,347 square foot deck are to be located on the seventeenth floor. Another deck, totaling 2,652 square feet, will be located on the fifth floor. In addition, the project will contain a total of 5,999 square feet of common space, the planning documents said.

KT Urban is an active development in the city of San Jose and has completed, or is in the process of building, several other projects in the city’s downtown core that aim to provide the housing necessary to convince the rising number of people who work downtown to also live nearby.

In conjunction with Essex Property Trust, KT Urban worked on the One South Market Street development.

KT Urban was also involved with the Axis condo tower on North Almaden Boulevard and is now involved with a project to rehab at San Jose’s old Greyhound bus terminal on South Almaden Avenue into housing, called Silvery Towers.

As far as a total cost of developing the Aviato project, KT Urban said it has not “priced the project out at this stage.”

Downtown San Jose is seeking to transform itself from primarily a business district into a vibrant, walkable neighborhood studded with residential projects where residents are able to live close to places of work, leisure and entertainment.

There were 8,629 residential units that were existing, proposed or underway in the city’s downtown as of January 2016, there according to statistics from the San Jose Downtown Association.

San Jose is now angling to bring a massive, mixed-use Google campus to 240 acres of downtown San Jose. Preliminary discussions from a study session conducted earlier this year suggest that the scope of the Google project could include six to eight million square feet of office, R&D, retail and amenities. The new campus could bring between 15,000 and 20,000 Google workers to the area.

Adobe announced in July of 2017 that it is also looking to expand its presence in San Jose. And Cupertino’s Apple received an approval from the city in January of 2016 to develop a 4.1 million square foot campus just north of San Jose downtown.

West Coast Commercial Real Estate News