SAN JOSE — A new residential tower with hundreds of units could sprout at one of the gateways to downtown San Jose now that the project’s developer has landed the construction loan the company needs to build the highrise.
The Garden Gate Tower at 600 S. First St. in downtown San Jose’s SoFA district has obtained crucial construction financing, according to documents filed with the Santa Clara County Recorder’s Office.
Boston-based Scape North America, a developer that is a unit of London-based Scape, has landed up to $182 million in construction funding for the San Jose tower, the property records reviewed by this news organization show.
New York City-based Madison Realty Capital, a private equity fund, provided the building loan for Scape North America’s affiliate, according to the county documents.
Scape intends to build a 23-story tower with 336 residential units, documents filed with San Jose city planners show.
This final version of the Garden Gate Tower envisions a shorter building than the original proposal for 27 stories. However, instead of 290 units, the highrise will contain 46 more units than first planned.“While additional units are proposed, the reduction in the number of stories would result in smaller units than previously proposed,” a city planning document posted earlier this year states.
Bydlení je rubrika webu Zprávy Novinky Na Zprávy Novinky se dočtete jak moderně bydlet Co s nájemním bydlením Vám poradí redakce Zprávy Novinky Rubriku Bydlení pro Vás připravuje Bydlení cz Jak se žije na Moravě Posílejte nám články a fotografie vašeho Bydlení Moderní Bydlení
ReplyDeletebydlení