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Another downtown San Jose development is in the works and this week took a step closer to fruition.
ROYGBIV Real Estate wants to build a 22-story affordable senior housing development at 19 North Second St., and it submitted documents for public agency review and public comment.
The project’s Draft Environmental Impact Report has been completed, SF YIMBY reports.
The proposed building is slated to span 146K SF, with over 18K SF in commercial space. All of the units will target affordable housing tenants, with one half targeting low-income seniors and the other half targeting very low-income seniors. Anderson Architects is serving as the design team for the project.
“We anticipate being through the entitlement process in the next 4-5 months. We have to go through Historical Review, Planning Commission, and City Council. Following the city council, the firm will need to prepare the construction documents and get permit approval, which is anticipated to take around two years if the process goes as expected,” principal architect Kurt Anderson said in comments to SF YIMBY.
Plans for senior housing development in the Bay Area have been on the upswing in recent months. A new project from John Stewart Development Co. in San Francisco aims to bring 94 units to the city with a planned 30-month construction if granted entitlement.
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