Barry Swenson Builder plans to restore two seismically unsafe buildings in San Jose-- the Knights of Pythias and Foto Mexico buildings, both on the corner of Second and San Fernando streets. The lease commitment, which is expected next month, would ensure the company the money to make it happen.

Barry Swenson Builder plans to spend about $6 million to make the 10,000-sf site ready for use. At this week's city council meeting, the city approved a $2.1 million loan at 3% interest and $770,000 in grants for seismic upgrades and facade improvements.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.