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Report: San Jose City Council Expected to Vote on Google’s Downtown West by Spring

by Erik Hayden, on Mar 23, 2021 8:12:06 AM

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Image: Google LLC

Great things are happening in downtown San Jose! 

Google’s Downtown West project is well on its way to receiving city approvals by this spring, according to San Jose Mayor Sam Liccardo.

The tech giant’s massive real estate development project is being planned near the Diridon Station and will contribute nearly 7.3 million square feet of office space and up to 5,900 residential units, per the Silicon Valley Business Journal. A draft version of the development agreement is expected to be released soon. 

Urban Catalyst is thrilled to be among the top players helping to make our community a better place to live, work and visit! Several of our own projects will be just yards away from the Downtown West project, and we look forward to having our new neighbors!

Don’t miss out! If you had a capital gains event in 2020 (and on or after October 4, 2019), you have until March 31, 2021, to invest those gains into an Opportunity Zone Fund like Urban Catalyst. 

Contact us today to learn more about how you can invest in our Fund II Icon/Echo project.

 

 

 

The information contained in this post is provided for informational purposes only and is not intended to be, nor should it be construed or used as financial, legal, tax or investment advice, nor should this information be used or considered as an offer to sell or a solicitation of any offer to buy any interest in Urban Catalyst Opportunity Zone Fund II LLC (the “Fund”), an investment sponsored by Urban Catalyst Sponsor II LLC (the “Sponsor”).  The offer and sale of interests in the Fund is being made only by delivery of the Fund’s private placement memorandum, certain organizational documents, subscription agreement, and certain other information to be made available to investors by the Sponsor (the “Operative Documents”).  A prospective investor may only invest in the Fund if such person is an accredited investor as defined in Rule 501 of Regulation D. Investing in the Fund will involve significant risks, including possible loss of such person’s entire investment.  An investment in the Fund will be illiquid, as there is no secondary market for the Fund’s interests and none is expected to develop; and there will be substantial restrictions on transferring such interests. Accordingly, an investor may be required to maintain its interest in the Fund for an indefinite period of time. The interests in the real property to be acquired by the Fund are subject to leverage and their investment performance may be volatile. Investors should have the financial ability and willingness to accept the risk characteristics of the Fund. Prospective investors should make their own investigations and evaluations of the information contained in this post and the other Operative Documents.  Each prospective investor should consult its own attorneys, business advisors and tax advisors as to legal, business, tax and related matters concerning the information contained in this post and the Operative Documents. This post does not take into account the particular investment objectives or financial circumstances of any specific person who may receive it.  An investment in the Fund is not suitable for all investors.  Except where otherwise indicated herein, the information provided in this post is based upon matters as they exist as of the date of the post and not as of any future date, and the post will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof. The post contains forward-looking statements that include statements, express or implied, regarding current expectations, estimates, projections, opinions and beliefs of the Sponsor, as well as the assumptions on which those statements are based. A prospective investor is cautioned not to place undue reliance on any forward-looking statements or examples included herein. No representation is made that the Fund will, or is likely to, achieve its objectives or that any investor will avoid incurring substantial losses.  Past performance is no guarantee of future results.

Topics:Opportunity ZonesSan JoseSilicon Valleyoffice