{"id":373197,"date":"2026-06-24T16:43:18","date_gmt":"2026-06-24T16:43:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/373197\/"},"modified":"2026-06-24T16:43:18","modified_gmt":"2026-06-24T16:43:18","slug":"joint-proposal-could-bring-450-homes-to-3550-n-first-street-in-san-jose","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/373197\/","title":{"rendered":"Joint Proposal Could Bring 450 Homes to 3550 N First Street in San Jose"},"content":{"rendered":"<p> <img width=\"777\" height=\"510\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/3550-N-First-Street-Site-Boundries-Image-via-ArcGIS-Online-777x510.png\" class=\"u-photo wp-post-image\" alt=\"3550 N First Street Site Boundaries Image via ArcGIS Online\" decoding=\"async\" fetchpriority=\"high\"  \/><\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/sfyimby.com\/author\/gabriel\" target=\"_blank\">Gabriel Clark-Clough<\/a> 5:00 am on June 24, 2026<\/p>\n<p>Two developers have come forward with a joint proposal to transform the site at <a href=\"https:\/\/sfyimby.com\/category\/3550-n-first-street\" rel=\"nofollow noopener\" target=\"_blank\">3550 N First Street<\/a> in <a href=\"https:\/\/sfyimby.com\/neighborhoods\/san-jose\" rel=\"nofollow noopener\" target=\"_blank\">San Jose<\/a>. The resulting developments would convert the site from a vacant office property to as many as 446 new units of housing. <a href=\"https:\/\/sfyimby.com\/category\/summerhill-homes\" rel=\"nofollow noopener\" target=\"_blank\">SummerHill Homes<\/a> and <a href=\"https:\/\/sfyimby.com\/category\/cypress-equities\" rel=\"nofollow noopener\" target=\"_blank\">Cypress Equity<\/a> are the two developers who have floated the plan.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-46831\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/3550-N-First-Street-Current-Site-image-via-Google-Street-View-1024x646.png\" alt=\"3550 N First Street Current Site, image via Google Street View\" width=\"1024\" height=\"646\"  \/><\/p>\n<p class=\"wp-caption-text\">3550 N First Street current Site, image via Google Street View<\/p>\n<p>After completion, the development would consist of a large affordable apartment complex, with 373 units designated for below-market-rate. The units will target residents making 60% of the area\u2019s median income. Separately, the project will also see the construction of 73 townhouse-style condominiums to be sold at market rate.<\/p>\n<p>The total development will span a vast area of 5.9 acres. The property layout and designs for the buildings are still being reviewed before they can be finalized and approved for development, but the developers have indicated intentions for separate townhome and apartment buildings, with vehicle circulation, surface parking areas, and landscaped areas of the property.<\/p>\n<p>The site\u2019s location is ideally placed near several arterial roadways, allowing easy vehicle access for prospective new tenants. The Tasman light rail station provides additional transit access as well. The area of <a href=\"https:\/\/sfyimby.com\/neighborhoods\/north-san-jose\" rel=\"nofollow noopener\" target=\"_blank\">North San Jose<\/a> was historically developed with more commercial and industrial properties than housing, but in recent years there has been a shift, with several new housing developments being built and proposed in close proximity. The housing surge may also support growth in nearby community amenities, including stores and restaurants. Residents of the future property can look forward to the neighborhood\u2019s changing atmosphere.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-46832\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/06\/3550-N-First-Street-Site-Location-image-via-ArcGIS-Online-1024x678.png\" alt=\"3550 N First Street Site Location, image via ArcGIS Online\" width=\"1024\" height=\"678\"  \/><\/p>\n<p class=\"wp-caption-text\">3550 N First Street Site Location, image via ArcGIS Online<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hdjqhz\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Fsfyimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/sfyimby.com\/category\/3550-n-first-street\" rel=\"category tag nofollow noopener\" target=\"_blank\">3550 N First Street<\/a> <a href=\"https:\/\/sfyimby.com\/category\/cypress-equities\" rel=\"category tag nofollow noopener\" target=\"_blank\">Cypress Equities<\/a> <a href=\"https:\/\/sfyimby.com\/category\/summerhill-homes\" rel=\"category tag nofollow noopener\" target=\"_blank\">SummerHill Homes<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"By: Gabriel Clark-Clough 5:00 am on June 24, 2026 Two developers have come forward with a joint proposal&hellip;\n","protected":false},"author":2,"featured_media":373198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[88,90,89],"class_list":["post-373197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/373197","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=373197"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/373197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/373198"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=373197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=373197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=373197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}