Del Rey Investment Co. signed a contract to sell SummerHill Apartment Communities two empty parcels at Baypointe Parkway and Zanker Road: 3.7 acres at 240 Baypointe and 2.6 acres at 255 Baypointe. Closing deadlines in the county files run to late July 2028 for the larger lot and late July 2029 for the smaller one. The price stayed off the record.
If the city signs off, SummerHill would put 315 apartments in a six-story building at 240 and 301 apartments in an eight-story building across the street at 255, for 616 units on 6.3 acres. Filings list a club room, lounge, fitness center, and two-level roof decks on the six-story side; the eight-story side would add a bike room, pool deck, and roof deck. Both sit over podium parking. The sites had been flagged earlier on Affordable Housing Overlay maps. No construction calendar is attached yet. Final entitlements still have to clear San Jose planners.
The same developer is already at work a block away at 210 Baypointe, where 42 townhomes and a 292-unit rental building are replacing a one-story office. Baypointe VTA light rail is the commute argument. North San Jose has been the city’s designated tech-job cluster for years; putting mid-rise housing on leftover pads next to that cluster is the general-plan logic in plain language. Del Rey’s principals, John Arrillaga Jr. and Jason Peery, sit in the family line of Peery Arrillaga, the firm that assembled much of the valley’s suburban office stock.
Source: The Mercury News










