518 new apartments in San Jose's Japantown are already 95% leased

Shea Properties and Ivanhoe Cambridge launched Sixth and Jackson luxury apartments in Japantown earlier this year, named after the cross streets where you can find the 518-unit complex. Even though it just opened pretty recently, the property is already 95% leased. This goes to show how strong the San Jose housing market is right now, even with floorplans starting at $2,656/mo for a studio and scaling to $5,200/mo for a three bedroom unit.

The project is split between two seven-story buildings with tons of amenities like a yoga room, rooftop lounge, dog run, co-working spaces, meeting rooms, a spin room, outdoor entertainment areas, Shea Properties also built a new public park between the buildings called Heinlenville Park, named after the person that helped transform the neighborhood in the late 19th century. The park will eventually have a $30 million arts incubator and community center, but construction on that project hasn't started yet.

It's quite an upgrade for Japantown, one of my favorite neighborhoods in San Jose. It's great that they were able to integrate so many community elements into the project and there is still quite a bit of retail on the ground floor available for lease to further enhance the area in the future.

Source: SVBJ