TWO MAJOR HOUSING DEVELOPMENTS in San Jose are the first to be approved as part of Mayor Matt Mahan’s latest initiative to expedite projects that provide “extraordinary benefits” to the city.
The San Jose City Council voted unanimously April 8 to accept proposals from Canada-based real estate company Westbank to develop 1,492 homes across two multi-story towers in downtown — along with twin data centers. The company proposed both projects to city officials after Mahan and Vice Mayor Pam Foley announced the Innovative Project Pathway Program last November. Designed to win over housing developers, the program allows them to override the city’s usual development standards — including a reduction in construction taxes and the waiving of affordable housing impact fees on specific projects — to open up more areas downtown for housing.
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