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Third Project on Main and Main

by Michael Hubert, on Aug 7, 2019 6:23:12 PM

We are excited to announce our third project The Icon at the corner of Santa Clara and Fourth Street. This is following our recent acquisitions for a proposed hotel The Keystone near the SAP Center and Google's planned development near Diridon Station, and the Fountain Alley Building next to the Bank of Italy. These projects are a part of our plan to do 10 projects in the downtown core, a variety of product types all within walking distance of each other.

Located across from city hall and 100 yards from the future BART station, this project will be a mixed-use residential tower that could rise up to 20 stories. Currently a Chevron gas station, this project is expected to include more than 250 units of multi-family apartments, and 7,500 square feet of ground-floor retail.  The parking for this project is planned to be above ground and configured in a way that the parking structure could be converted into housing units should people drive fewer cars as time passes.

We are partnering with Vahe Tashjian, managing director of Dutchints Development, on this project, and we are coordinating with Urban Community founders Gary Dillabough and Jeff Arrillaga on the user experience for this vertical community.

The Icon will be centrally located, just steps away from many highlights of downtown and transit. Urban Catalyst Partner Josh Burroughs explains, "This project is the definition of transit-oriented development, since it is within walking distance to downtown amenities including businesses, restaurants, San Jose State University, VTA light rail, and the planned BART station. By building this project near transit, we are encouraging a more connected community."

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About Urban Catalyst

The first multi-asset Opportunity Fund in the Bay Area focusing in Downtown San Jose and Downtown Oakland, Urban Catalyst is based in San Jose, California and employs a world-class team of experienced local professionals to build out impact investment opportunities—multi-family, office, and industrial investment projects—that advance and improve the community while earning investors advantageous financial returns.

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