SAN JOSE — A giant floor parking zone amid North San Jose’s tech hubs might be developed as a residential complicated with greater than 500 houses, metropolis paperwork present.
The parking zone is situated at 1737 N. First St. and totals 3.5 acres, in accordance with Santa Clara County evaluation data.
Pacific Sources Stevenson, the proprietor of the positioning, which additionally features a six-story workplace constructing that totals 84,500 sq. toes, filed the proposal for the residential growth, the San Jose planning paperwork present.
The event would complete 510 residential items, in accordance with the challenge proposal. The preliminary proposal didn’t disclose whether or not any of the items could be inexpensive.
The challenge would encompass a mixed-use growth that will mix housing with places of work and retail area.
The residences could be integrated into two buildings that will sit atop a parking construction. The buildings could be linked with amenity areas totaling 10,500 sq. toes.
“A challenge on a parking zone that a developer already owns is sensible as land prices are rising,” stated Bob Staedler, principal government with Silicon Valley Synergy, a land-use consultancy.
The parking construction will use a mix of conventional parking stalls and a kind of parking association referred to as stackers. Stacker parking permits automobiles to be saved vertically after which moved to the specified flooring with lifts.
“This sort of growth utilizing stackers will develop into extra prevalent,” Staedler stated. “The stackers save a major quantity of building prices by their environment friendly use of area.”
Staedler additionally thinks creating housing in some sections of North San Jose is sensible as a result of it places residences close to workplaces.
“San Jose must deal with placing housing close to present tech hubs,” Staedler stated. “The North First hall has loads of untapped housing potential. Having housing close to jobs permits for workers to stroll and bike to work and scale back automotive journeys.”