SAN JOSE — A development of hundreds of reasonably priced residences could sprout in San Jose on the site of a shuttered restaurant, in accordance to very preliminary strategies staying regarded as at Metropolis Corridor.
The proposed progress would be 100% reasonably priced and is slated for a web page exactly where the Fish Sector restaurant operated for additional than two decades until eventually coronavirus-spawned financial woes pressured the seafood establishment out of small business very last 12 months. The 1.9-acre project internet site is at 1007 Blossom Hill, where the restaurant experienced operated due to the fact 1997.
The development would consist of 269 economical residences, the moment finish.
If constructed, the affordable housing proposal could provide as an instance of how houses with closed organizations can be revitalized amid unparalleled financial upheaval.
The job was proposed by Jemcor Growth Partners, whose expertise consists of very affordable housing as properly as market place-amount residences. San Mateo-based Jemcor has in its portfolio apartment tasks in metropolitan areas including San Jose, Mountain Look at, Santa Clara, San Luis Obispo, Chico, Los Angeles, and San Diego, according to the company’s web page.
“The structures will be 100% reasonably priced housing,” Jemcor Advancement stated in preliminary options for the Blossom Hill Highway website filed with San Jose planners.
“Our objective is to attain preliminary acceptance of use, density, height, and setbacks,” according to the proposal.
Jemcor mentioned in the filing that it anticipates the fruits of the progress method is a city determination on no matter whether to grant a allow to acquire the website.
The company also mentioned it intends to use provisions of a California law aimed at rushing up the acceptance approach for certain varieties of household assignments.
“We will be publishing for that allow below an SB 330 application course of action provided that this challenge will be 100% cost-effective,” Jemcor Growth said in the submitting.