SiliconSage Looks to Build 96-Unit Condo Project on Almaden Road in San Jose

SiliconSage, San Jose, Willow Glen, Santa Clara, Sunnyvale, Fremont, 1821 Almaden Road, Silicon Valley housing

By Nancy Amdur

Another new residential development could soon be on the way in San Jose as SiliconSage Builders looks to gain City Council approval this month for a 96-unit condominium project on Almaden Road.

[contextly_sidebar id=”szAldbE1yXAAZhTHOXtY07CEOVsFX8O7″]The building would sit on approximately 1.8 acres near the edge of the Willow Glen neighborhood at 1821 Almaden Road, an area planned for urban residential development.

“This is one of the newer developments carrying out what the city is envisioning” for higher densities in that area, which is close to light rail and the Highway 87 corridor, said Sylvia Do, a division manager for the city’s planning department.

Project plans call for a tiered building design reaching a maximum of five stories and featuring a mix of one, two- and three-bedroom for-sale units ranging from 668 square feet to 1,385 square feet.

Also included would be 184 parking spaces in a two-level garage, with one level below grade. Residential units would front Almaden so the garage would not be visible from the street, said Erik Schoennauer a San Jose-based senior land use adviser to SiliconSage. Proposed amenities in the building include a central courtyard, pool and playground, according to an initial study about the project, which is posted on the city’s Web site.

A zoning change to match the site’s 2040 General Plan designation is required as it is now zoned single-family residential.

“This is the right size project for this location, even though the General Plan would allow greater density,” Schoennauer said, adding that the project calls for 54 dwelling units per acre. Do said the city’s General Plan allows for densities at that location of up to 90 dwelling units per acre.

Because the site abuts the Willow Glen residential neighborhood, the design calls for the building to tier down towards the back to lessen the impact on residences. SiliconSage also provided a required setback from the Guadalupe River, which runs near the property, Schoennauer said.

The project would replace six single-family homes and a one-story commercial building, which Schoennauer said are “run down.”

This stretch of Almaden Road has “a mix of residential and industrial auto-oriented properties,” Schoennauer said.

Also, it carries no sidewalks, curbs or gutters and lighting is inadequate, he said, and this project would “improve those conditions by building brand new curbs, gutters, sidewalks, street lights and street trees along our frontage and [it would] begin to allow Almaden Road to be a modern urban street.”

Santa Clara-based SiliconSage, which mainly builds for-sale condominiums, likes the location in part due to its proximity to transit and downtown, Schoennauer said.

San Jose’s City Council is scheduled to consider the project on March 24, Do said. Once approved, SiliconSage looks to start construction in early 2016 with completion expected in mid-2017, Schoennauer said.

Other SiliconSage projects in the works include a 101-unit condominium development under construction at 180 Balbach St., behind the San Jose McEnery Convention Center. The company also has four projects slated for Santa Clara, including 44 condominiums and 14,500 square feet of ground-floor retail space at 1313 Franklin St., and the 60-unit Creekside Vista Condominiums under construction at 2585 El Camino Real. Additionally, SiliconSage has active projects in Sunnyvale and Fremont.

West Coast Commercial Real Estate News