Julian Street Realignment Bringing More High-Rises Downtown!

Nathan Donato-Weinstein from the Business Journal always seems to publish at least one story a month that really gets me excited about development Downtown. His latest treasure is for SVBJ subscribers only, but the gist is that the Julian Street realignment is almost a go and it will bring some really sweet projects to the northwestern corner of Downtown San Jose.

Currently, Julian street has an awkward curve design to make it easy to get the Highway 87, but makes several blocks completely useless from an urban design perspective. San Jose is about to collect a $24 million state infrastructure grant to correct this design mistake from the 70's and revert Julian back to a traditional grid ripe for development.

In total, there will be over 1,000 residential units in this North San Pedro area consisting of townhomes, midrises, and towers. Earlier this month, Barry Swenson submitted plans for a the 18-story beauty pictured below with 313 units and three stories of parking. The tower would be located at the corner of Terraine and Basset. Barry Swenson is also planning a second tower with 200 units at Devine and N. San Pedro. If that isn't enough new development for you, First Community Housing is planning a 135 unit mid-rise in the area and Intracorp has four projects ranging from a 408-unit apartment building to townhomes.

All this would come together superbly with Centerra, Silvery Towers, and the San Pedro Square Market expansion!

Source: SVBJ (Subscription Required)