Paseo’s Site Development Permit was approved by the City of San Jose’s Planning Department this week!
Paseo, a mixed-use property and the only non-ground up development project in our portfolio, had its groundbreaking in February, and will soon be going through the interior demolition following this approval. It is slated to be a transit-oriented property located between first and second street in downtown San Jose.
This exciting news was picked up by The Mercury News and the Silicon Valley Business Journal:
- The Mercury News: Real estate: Downtown San Jose movie house revamp is approved
“Paseo will bring together people, jobs, and services in an efficient way thanks to its transit-oriented nature.” -Erik Hayden - The Silicon Valley Business Journal: City approves plans to remake exterior of downtown San Jose's Camera 12 theater
"A movie theatre converted to an office allows for some of the coolest tenant improvements: floating conference rooms, mezzanine levels, and catwalks that connect to our rooftop gardens.” -Erik Hayden
Urban Catalyst continues to make big strides in keeping up with the project milestones to improve our community. In fact, just last week, Delmas’ construction documents were approved by the City of San Jose during the Planning Commission Hearing. We will be submitting building permit sets to the city in January 2021.
Big thanks to our development team who worked tirelessly with the Planning Department to move things forward.
Don’t forget, our fund closes fundraising on December 30.
Contact us now to find out how you can start investing in Silicon Valley’s leading Opportunity Zone Fund today.
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