property near the Berryessa BART station where hundreds of homes are in the works<\/a>, according to Ralph Borelli, a commercial real estate executive who is a consultant for members of the Facchino family, the sellers of the property,.<\/p>\n\u201cThis is an important step,\u201d Borelli said. \u201cYou will see hundreds of homes built here that will be within walking distance to BART.\u201d<\/p>\n
Currently, the Berryessa station is the only BART stop in San Jose.<\/p>\n
KB Home South Bay is undertaking wide-ranging endeavors to prepare the entire site for several hundred more homes. It is conducting structure demolitions, grading, underground utility installations, and building streets, sidewalks, and landscaping, according to Borelli.<\/p>\n
\u201cThis will create all the infrastructure needed for all of the housing that will be built on this site,\u201d said Erik Schoennauer, a land-use and planning consultant who helped guide the project through the city\u2019s planning review process.<\/p>\n
The overall development site totals about 13 acres. The just-bought property where KB will develop for-sale townhomes and single-family residences covers a small portion of that.<\/p>\n
Other components of the housing development site that are still in the works, according to Borelli and Schoennauer, include 260 affordable apartment units and 338 market-rate apartment units.<\/p>\n
Bay Area real estate firm Swenson is expected to build the affordable units.<\/p>\n
\u201cThe affordable homes are possible because Swenson received state and federal tax credits for the project,\u201d Borelli said.<\/p>\n
The for-sale residences could become available starting in 2027, according to Borelli.<\/p>\n
The Facchino family currently owns the unsold portions of the 13 acres but is expected to sell the other sections to the eventual developers.<\/p>\n
The homes that will sprout at the 1655 Berryessa sites are near a busy shopping center whose anchors are Safeway and CVS.<\/p>\n
\u201cThis is becoming a really interesting mixed-use neighborhood right at the Berryessa transit center,\u201d Schoennauer said.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN JOSE \u2014 A housing development planned near a San Jose BART station reached a key milestone after…\n","protected":false},"author":2,"featured_media":164249,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[380,184,20705,387,7,8,1335,10150,383,1011,1337,1533,181,100,388,88,90,89,5406,198,200],"class_list":["post-164248","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-affordable-housing","tag-bay-area","tag-berryessa","tag-business","tag-california","tag-california-news","tag-development","tag-east-san-jose","tag-economy","tag-housing","tag-housing-development","tag-keywee","tag-latest-headlines","tag-news","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-san-jose-real-estate","tag-santa-clara-county","tag-south-bay"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/164248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=164248"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/164248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/164249"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=164248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=164248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=164248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}