SAN JOSE — The backers of a big housing development are betting that the proposed project would blend in harmony with the lively Willow Glen neighborhood in San Jose.
Fresh details have emerged for a project that would produce a seven-story apartment building containing well over 100 residences, according to documents on file with San Jose city planners.
The 126-unit residential development would be located at 940 Willow Street in San Jose, the city records show.
Redco Development, a real estate firm whose principal executives include Chris Friese, is leading the project. Studio Current, a veteran architectural firm, designed the apartment complex.
The proposed housing development would be at the corner of Willow Street and Kotenberg Avenue.
“The property is three short blocks off the main retail corridor of the highly sought-after Willow Glen neighborhood of San Jose along Lincoln Avenue,” Redco Development states in a post on its website.Lincoln Avenue is the main business corridor of Willow Glen and is dotted with busy shops and restaurants.
“The 940 Willow project is a harmonious integration of modern design sensibilities with the delicate residential tapestry of the Willow Glen neighborhood in San Jose,” Studio Current states in a post on its website.
The vast majority of the units would be market-rate apartments. An estimated 26 units would be affordable apartments, the city documents show. That equates to about 20% of the 126 units.
“Nestled within the heart of this community, the project attempts to be a thoughtful response to its surroundings, weaving contemporary architecture into the fabric of tradition,” the Studio Current post says.
The proposed development is currently navigating the city approval process. How long the project might require to complete construction wasn’t immediately clear.
The property is owned by a real estate investment group based in the Los Angeles County city of Northridge and headed up by business executive Craig Schauer.
The Schauer-led group bought the property through a foreclosure auction in 2022, paying $1.9 million to purchase the site, documents on file in Santa Clara County show.
The project developer and architect hope the housing development meets the preferences of Willow Glen residents who previously have expressed concerns about some project proposals in the bustling neighborhood.
“The goal was to integrate this project into the surrounding residential area,” Studio Current states on its site.
