Developers Break Ground On Large Student Housing Complex In San Jose
Want to get a jump-start on upcoming deals? Meet the major Silicon Valley players at one of our upcoming events!
Amcal Equities and Swenson have begun construction on a student housing high-rise in downtown San Jose close to San Jose State University. The 260-unit, 1,039-bed off-campus housing will be on 1.5 acres on East San Carlos Street between South Second and South Third streets. The 19-story L-shaped building will have 17 floors of apartments and student amenities and ground-floor retail.
A three-story parking deck will offer an amenities deck. Community amenities include an exercise center, a swimming pool with spa and sundeck, barbecues, a picnic area and landscaping. The first floor of the structure will offer 14,750 SF of retail.
The residential building will have three elevators, a management office, building-wide high-speed WiFi and internet, common areas for students, storage for as many as 575 bicycles and a bicycle repair station. The apartments on the top penthouse floor will share an outdoor terrace with views of the city and the San Jose State University campus. It is expected to finish in 2020.