![]() The proposed building would include 27 studio, 405 one-, 81 two- and 27 three-bedroom apartments. Currently on the site are the former Bo Town Restaurant, an accessory building, and two storage structures totaling 5,283 square feet, which would all need to be demolished prior to construction. The project is located at 409 and 425 South 2nd Street. ![]() The developer is Westbank, a real estate development firm that, since its inception in 1992, has offices around the world and has more than $25 billion in projects completed or under development, according to the firm’s website. The Orchard is a 606,526 square foot mixed residential and commercial building that would include 7,430 gross square feet of ground floor commercial space and 540 housing units, according to project plans. But I am actually confident that are going to be able to do that, so I’m excited about seeing them get there.” “We’ve made some tough decisions when it comes to incentivizing high rise development in downtown… I think this is an example of what we can achieve out of that because they are very difficult projects to be able to get off the ground. “These are really the developers and the projects I was referring to when it comes to developers that are really close to pulling the trigger and investments that could help us turn a corner that we haven’t seen in quite some time,” said Councilman Raul Peralez. ![]() Both projects, The Orchard and SuZaCo, are planned for sites that are less than a mile apart by separate development teams.ĭuring the council meeting on Tuesday, San Jose officials spoke highly about each project, notingthe proposed developments would be beneficial to the city’s skyline and downtown community. Two large mixed-use projects that would bring more than half a million square feet in office, retail and residential space to downtown San Jose were recently approved by San Jose City Council, according to public records. ![]()
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