Construction has started on a 23-story housing tower in downtown San Jose.
Boston-based Scape North America (associated with London-based real estate firm Scape) is developing the 336-unit Garden Gate Tower at 600 S. First St., the Lake County Record-Bee reported on May 28.
Scape North America arranged as much as $182 million in construction financing from New York City-based Madison Realty Capital, a private equity fund, according to documents filed with the Santa Clara County Recorder’s Office.
“The development of the project would contribute a modern, high-quality urban design to the downtown,” according to a San Jose Planning Department staff report.
The tower’s ground floor will include 5,900 sq. ft. of retail or restaurant space. There also will be an underground parking lot.
California Construction News staff writer Construction of Freedom Park, the largest veterans' park on the…
California Construction News staff writer As part of an ongoing truth and healing process, California…
California Construction News staff writer The State of California is awarding $120 million in tax…
California Construction News staff writer Brightline West officially launched construction on the nation's first “true”…
California Construction News staff wrtier PCL Construction and Stantec are building a new water treatment…
California Construction News staff writer San Diego Mayor Todd Gloria unveiled his proposed Fiscal Year…