KT Urban, one of Downtown San Jose’s most dedicated high-rise development firms receives approval for the former downtown San Jose Greyhound Station at last night’s City Council meeting. The roughly 1.6-acre site is located at 70 S. Almaden Ave, an area of downtown San Jose in serious need of investment.

"On behalf of The silicon valley organization and our 1400 member businesses, we would like to express our support of this project," said Sr. Director of Public Policy Victor Gomez at the Tuesday night meeting. "As mentioned in our letter, this project will bring much needed funds to the city through taxes and impact fees that will benefit the entire community."

Downtown high-rise development results in some of the highest one time investment and assessed valuations both in absolute dollars and on a per acre basis. Taxpayers will benefit from impact fees that pay for City staff, parks, and affordable housing.

The new residential towers will permit the construction of 708 residential units with 13,974 square feet of ground floor retail in two high rise towers (23 and 24 stories respectively) on the subject property, will inject much needed foot traffic and the density needed to assist in sustaining.

The SVO applauds the San Jose City Council for their unanimous approval of this crucial project for downtown San Jose.

More Posts

You Might Also Like

Public Policy & Advocacy
Accountability & Better Government Reforms – Rules Committee Agenda Item G.9
San José is the 10th largest city in the United States, yet it is stuck in the 1980’s with a management structure more suited for small cities. In times of crisis, we need government to be nimble, responsive, and accountable to the community for results and to bring local government into the 21st century. As we face the greatest series of crises in our lifetime – a global pandemic and the deepest economic recession since the great recession – we must have the people’s choice, an elected Accountable Mayor, be directly responsible for the city.
Jun 23, 2020
The Silicon Valley Organization
COVID 19 Resource Center
San Jose Al Fresco: Things to Know Before Setting Up Outside!
As of June 5th, San Jose Al Fresco is in full swing allowing businesses to utilize sidewalks to conduct business during shelter-in-place. The City of San Jose is now accepting applications, and it's FREE to apply! Once your application is submitted, you will be able to start utilizing the space in front of your business immediately, as long as you meet the terms and conditions described in the application. We put together some simple FAQ's about how you can participate in San Jose Al Fresco, and all the thing you need to know before applying!
Jun 16, 2020
The Silicon Valley Organization
Press Releases
Southwest Launches Sale, Extends Open Middle Seat, And Adds Health Declaration For Customers
Southwest announced their plans to keep middle seats open through at least September 30, reinforced its face mask policy and added another layer of confidence for travelers by requiring Customers to complete a Health Declaration prior to traveling. As Customers begin to travel again, Southwest also launched a sale offering low domestic fares starting at $49 one-way to select destinations today through June 18, 2020, 11:59 p.m., CDT.
Jun 16, 2020
Southwest Airlines
Press Releases
The Silicon Valley Organization Grieves Loss of Karolyn Kirchgesler
The Silicon Valley Organization (The SVO), along with our friends at Team San Jose and the community at large, are mourning the recent passing of Karolyn Kirchgesler.
Jun 15, 2020
The Silicon Valley Organization
COVID 19 Resource Center
FAQs: Reopening your business after shelter-in-place featuring Berliner Cohen
Q&A's from SVO member, Berliner Cohen's 6/3/2020 presentation
Jun 15, 2020
The Silicon Valley Organization
COVID 19 Resource Center
FAQs: You’ve Got Your PPP Funds… Now What? featuring PP&Co
Q&A's from SVO member, PP&Co's 6/10/2020 presentation
Jun 15, 2020
The Silicon Valley Organization
Explore ALl Posts
Follow Us

We’re on Instagram