SAN JOSE, CA-KT Properties has purchased a sizable parcel in a prime downtown San Jose location, with plans to build two residential towers with more than 600 units.
According to the Silicon Valley Business Journal, the firm has acquired a 1.7-acre property bounded by West St. James Street, North San Pedro Street, West St. John Street and Terraine Street, near the San Pedro Square Market.
The Journal says the deal closed last week, and that it illustrates an uptick in interest from developers for multifamily projects in downtown San Jose.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
