Redco Development aims to build 126 apartments in San Jose.
The San Francisco-based developer has filed preliminary plans to build a seven-story complex at 940 Willow Street in Willow Glen, SFYimby reported. It would replace a 5,000-square-foot building containing a liquor store and fitness center.
Plans call for 126 apartments above 1,800 square feet of shops at Willow and Kotenberg Avenue.
It would use SB 330 to fast-track approvals, with an undisclosed amount of affordable housing for very low, low- or moderate-income households.
The 0.8-acre project, designed by Studio Current, would include 52 studios, 51 one-bedroom and 19 two-bedroom apartments, plus four three-bedroom, townhouse-style units, according to the East Bay Times.
The apartments would be built atop a white, two-story podium clad in stone or concrete, according to a rendering. The next three stories would be sheathed in white, with the top two stories set back in gray. It would include large windows trimmed in brown, and balconies.
The proposed development is a few blocks from Lincoln Avenue, the main retail corridor of Willow Glen, and not far from the Highway 280 interchange. In March, Redco Development and AEW Capital Management walked away from the historic First National Bank building at 1 Montgomery Street in San Francisco after failing to make their mortgage payments. It was among the first office properties in the city to be turned over to lenders following the pandemic.
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