search

The Real Deal Logo

Trending

Here’s a look at Palm Beach’s priciest offseason rentals Here’s a look at Palm Beach’s priciest offseason rentals Block Capital buys into Diesel Wynwood project, plans relaunchBlock Capital buys into Diesel Wynwood project, plans relaunchA closer look at Ken Griffin’s Chicago condo selling spreeA closer look at Ken Griffin’s Chicago condo selling spreeShvo fires back at Core ClubShvo fires back at Core Club
Residential
San Francisco

Terracommercial eyes razing strip mall for 172 homes in South San Jose

Project would replace 70K sf retail center

Terracommercial Eyes Housing Development in South San Jose
Terracommercial Real Estate's Robert Facchino II and Mike LaBarbera with 865 Blossom Hill Road (Terracommercial Real Estate, Google Maps, Getty)

Terracommercial Real Estate wants to tear down a strip mall and replace it with 172 homes in South San Jose.

The San Jose-based investor led by Mike LaBarbera and Robert Facchino II has filed preliminary plans to redevelop the 69,700-square-foot shopping center at 865 Blossom Hill Road for housing, the San Jose Mercury News reported.

The six-acre retail center at Blossom Hill and Santa Teresa Boulevard contains such stores as BevMo!,  Scandinavian Designs and Party City.  A Mandarin Gourmet Restaurant, Pho 24 Vietnamese Cuisine & Sweet Tea, Buffalo Wild Wings and a Chevron station would be spared.

Plans call for the diagonal strip mall and its parking lot to be replaced by 137 townhomes and 35 accessory dwelling units. The project would be designed by Kurt Anderson, based in 

Terracommercial aims to employ SB 330 to streamline approvals for the development. A potential number of affordable units was not disclosed.

It bought the 6.7-acre shopping center, built in 1992, five years later for an undisclosed price, according to Commercial Cafe. 

Sign Up for the undefined Newsletter

Just to the west, the owner of the Oakridge shopping center redeveloped it after the exit of longtime anchor Sears, ushering in new stores to the regional mall, according to the Mercury News.

A few blocks away, Pacific Housing and Jemcor Development Partners are building 271 affordable apartments at 1007 Blossom Hill Road, to replace a long-shuttered Fish Market restaurant.

Terracommercial Real Estate, founded in 1991, owns 16 retail and industrial properties containing more than 1 million square feet, according to its website.

In May, Robert Facchino filed plans to build 820 homes and a commercial building at 1655 Berryessa Road, near the Berryessa BART station in San Jose.

— Dana Bartholomew

Read more

A photo illustration of Terracommercial Real Estate's Rob Facchino and an aerial view of 1655 Berryessa Road in San Jose (Getty, Google Maps, Terracommercial Real Estate)
Development
San Francisco
Facchino family looks to build 800 homes in San Jose’s Berryessa
Pacific Housing's Mark Weise, Jemcor Development Partners' Jonathan Emami with Renderings for 1007 Blossom Hill Road, San Jose
Residential
San Francisco
Pacific Housing and Jemcor snag $108M loan for apartments in San Jose
Republic Urban Properties' Michael Van Every and EAH Housing's Laura Hall with rendering of Blossom Station Hill (Republic Urban Properties, EAH Housing)
Commercial
San Francisco
San Jose approves 328 apartments next to Blossom Hill station
Companies and People
Terracommercial Real EstateMike LaBarberaRobert Facchino II
Recommended For You