Tallest North San Jose Apartment Project Ever Moves Forward

After eight years of stalls and delays, the Century Center Towers project is getting a new push. Barry Swenson Builder is now partnering with Essex Property Trust to get two 12-story residential towers built at 1733 N. 1st St. The location is near the old Sony campus and Casino M8trix, and has convenient access to both light rail and Highway 101.

Century Center Towers will have 376 apartment units and will cost $170 million to build (including land costs). There were no special incentives or fee reductions here, and the land is already being prepped for construction.

This is the first San Jose residential high-rise building to be built outside of Downtown San Jose. I don't think it will be the last. This is a strong sign of increasing density in San Jose, and a new push to build in transit corridors. Hopefully more corporations (like Samsung) will employ this model as well as opposed to your traditional sprawled out office campuses.

Source: SVBJ