Transactions - OCTOBER 14, 2021

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Urban Catalyst secures approval for student-housing tower in San Jose

by Released

Urban Catalyst, Silicon Valley's premier opportunity-zone fund, has secured its special-use permit and vesting tentative tract map for The Mark, a student-focused high-rise apartment tower to be located downtown a block from San Jose State University.

With its central downtown location, The Mark was designed to help ease SJSU’s off-campus housing shortage and provide students with stellar living conditions a short walk from their classes. The complex, at 475 South 5th St., will feature more than 200 multifamily apartment units that can house more than 850 new residents in the Bay Area’s largest city. In addition to its proximity to the university’s main campus, the project is near the vibrant SoFA Arts District in downtown San Jose.

The concrete and protected steel structure will include multiple outdoor amenities, such as open-air decks, as well as student-ready interior common areas and views of the city and SJSU campus. The new community will be constructed wi

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