A 135-unit housing development located at 826 North Winchester Boulevard in San Jose, concept. (VCI Companies, Jay Shen)
SAN JOSE — A San Jose housing development with well over 100 apartments within a pair of slender residential towers faces key public scrutiny this month.
The 135-unit project is being pitched for an L-shaped site at 826 North Winchester Boulevard next to West Hedding Street, a short distance from the Santana Row and Westfield Valley Fair mixed-use hubs in San Jose.
VCI Cos., a real estate firm, has proposed the housing project, which is occupied by a graffiti-marred office building where a fire has also broken out.
The housing development would consist of a 17-story building with two slender towers connected by a bridge, documents on file with San Jose city planners show.
About 15,000 square feet of commercial space is also planned for the project’s ground floor, according to the proposal.
The upcoming public event would be a virtual meeting on a Zoom conference call scheduled for 6 p.m. on Dec. 16.
San Jose officials are seeking public input regarding two outcomes that the project developer is pursuing. One is a general plan amendment to accommodate this sort of mixed-use project. The second is a specific development permit for the proposal.
The development site’s office building is scarred by graffiti and is said by its neighbors to be a blighted property. The property has been bought, seized through foreclosure, bought by a new owner, and then seized through foreclosure again in June 2024, before the most recent purchase.
The property’s owner is an affiliate linked to San Jose-based Valuable Real Estate Development, which does business as Anjin Capital, according to the LinkedIn page of the company’s chief executive officer, Tianxing Wang.
The most recent price for the site, $6.54 million, was 39% below the prior purchase price less than two years ago, Santa Clara County real estate records show.
Originally published at George Avalos