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Huge downtown San Jose housing project advances with real estate deal

SAN JOSE — A huge residential development that would bring hundreds of homes to the downtown San Jose area has pushed ahead.

The developers of the project, located near the corner of Park Avenue and McEvoy Street next to the official western boundary of downtown San Jose, have bought one of the estimated seven parcels where the two-building proposed apartment project would sprout.

A real estate venture has paid slightly under $2.4 million for a property at 244 McEvoy St., according to documents filed on Aug. 8 with the Santa Clara County Recorder’s Office.

The development alliance, which is headed up by Miramar Capital, a real estate investment firm, and The Pacific Cos., a multifamily residential developer, obtained the property in an all-cash deal, the county public records show.

One of two buildings in Dupont Village, a residential complex consisting of 689 housing units and 4,000 square feet of commercial space at 226 through 254 McEvoy St. and 205 through 214 Dupont St. in the downtown San Jose area, concept.

The just-bought site is occupied by Ray’s Automotive Services, according to Google Maps.

The 244 McEvoy site totals 0.2 acres, county assessment records show. San Jose city officials, including the City Council, have given final approval to the proposed project.

The residential development would consist of nearly 700 apartments, most of which would be affordable units, according to city planning documents.

“The project consists of the development of two multi-family buildings consisting of 689 residential units and 4,005 square feet of commercial space,” a city planning document states.

It would also rise near the footprint of a mixed-use neighborhood that Google has proposed next to Diridon Station and the SAP Center on the western edges of downtown San Jose.

Street-level view of Dupont Village, a residential complex consisting of 689 housing units and 4,000 square feet of commercial space at 226 through 254 McEvoy St.  and 205 through 214 Dupont St.  in the downtown San Jose area, concept.  (Orange Architects)
Street-level view of Dupont Village, a residential complex consisting of 689 housing units and 4,000 square feet of commercial space at 226 through 254 McEvoy St. and 205 through 214 Dupont St. in the downtown San Jose area, concept.

The Google transit village is expected to consist of office buildings, homes, shops, restaurants, hotel facilities, open spaces, entertainment sites and cultural loops where the search giant could employ up to 20,000 people

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