Wednesday, May 02, 2007

San Jose high-rises

San Jose high-rises developer started to take advantage of a new California law (called Assembly Bill 728), that allows builders to pre-sell units up to three years before a project is complete. Before that, developers in California could only sell units from six months to a year before a project was completed - a law meant to protect home buyers from paying a unit sight unseen. The state government, willing to encourage high-density housing development near transit, shopping and jobs, voted to allow pre-sale of units starting last year.

There are ore than 10 high-rise condominiums currently in planning or in construction phase in near by area. The list below contains information about few if high-rise projects in downtown San Jose:

City Front Square
Units: 670
25-story tower (266 ft)
Completion: Spring 2007

City Heights
Address: 175 West Saint James Street, San Jose, CA
Developer: Barry Swenson Communities
Price: from $400,000s for one bedroom unit to $1 million-plus for the penthouses
Units: 124
Parking Spaces: 159
16-story tower (165 ft)
Completion: Winter 2007

Axis San Jose
Address: 38 North Almaden Boulevard, San Jose, CA
Developer: Almaden Tower Ventures
Units: 358, (330 in Phase I)
Parking Spaces: 486 Phase I
22-story tower (228 ft.)
Completion: Fall 2008

Tower 88
Address: 88 East San Fernando Street, San Jose, CA
Developer: CIM & WMS
Units: 406 for sale (197 Phase 1)
Parking Spaces: 609 residential spaces
23-story tower (270 ft)
Completion: Fall 2008

Three Sixty Residences San Jose or 360 Residences San Jose
Address: 360 S. Market Street, San Jose, CA
Developer: Mesa
Price: from $500,000s for one bedroom condo to $2 million-plus for the penthouses suites
Units: 213
Parking: 266 spaces
Hight: 24-story tower (267 ft)
Completion: Winter 2009

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