Big San Jose complex of homes, retail pushes ahead
Property purchase is key step for Sunset mixed-use development on the east side
SAN JOSE >> A big mixeduse development in east San Jose that would include nearly 800 homes has taken a key step forward with a purchase of a chunk of the land needed for the ambitious project.
T he Sunset project would be located at and near 2101 Alum Rock Ave. between Castlecrest Drive and Jose Figueres Avenue, according to San Jose city documents.
As part of its efforts to develop the project, Sunnyvalebased SiliconSage Builders, acting through an affiliate, has bought three of the parcels that the company needs for the mixed-use development, Santa Clara County property records filed on Oct. 15 show.
The just-bought parcels total a combined 2.5 acres, according to county assessment documents. The project ultimately is expected to require 11.4 acres, city planning files show.
Acting through affiliate 2101 Alum Rock, SiliconSage Builders paid $9 million for the 2.5 acres, according to county documents. SiliconSage president Sanjeev Acharya is listed as the principal executive of the buying entity. The seller was a trust led by Charles Johnisee.
The remaining properties needed for the development haven’t been sold yet to SiliconSage, county documents show. Four different firms or individuals own the four remaining parcels at the site.
The proposed project would require the demolition of all the existing buildings on the 11 acres, city planning documents show.
SiliconSage has proposed a development that would consist of a quartet of buildings, according to municipal files.
“The four buildings combined would have up to 796 residential units,” the city files state. A total of 30,000 square feet of retail and restaurant space would also be part of the project.
Plenty of open space is being contemplated as part of the anticipated development, which is working its way through the city decision-making process.
“T he pr oje ct proposes an approximately 21,780- square-foot public park,” city files state.