Rendering 2 courtesy of AEDIS Architecture
Urban Catalyst, a multi-asset opportunity zone fund based in San Jose plans to develop the property at 470 W. San Carlos Street in downtown San Jose.
The fund has selected Aedis Architects to design the project.
“It’s great to partner with the Urban Catalyst team to continue pushing the envelope on making this center of Silicon Valley a vibrant and interesting urban environment,” said Thang Do, FAIA, CEO of San Jose–based Aedis Architects. “Downtown San Jose shows so much promise, and we have the opportunity to contribute to that effort.”
Two potential concepts include a senior living facility and a mixed-use building. With a shortage of senior housing locally, a senior living project in downtown would be a crucial step in addressing the critical need for assisted living and memory care. Rounding out the vision, a mixed-use community featuring multifamily units over retail space would create an attractive option for young professionals. Urban Catalyst and Do plan to work closely with the community, engaging in open dialogue as they determine the best possible aesthetics and use for the property.
