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Old Posted Sep 10, 2007, 11:18 PM
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San Frangelino San Frangelino is offline
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If these Proposals from are legit then San Jose will have 3 sets of Towers to add to its stock.


88 North First Street, San Jose, CA

Description: With twenty-two stories of luxury highrise residential homes having every conceivable amenity, Northpoint Development's "88 North First Street" project in the heart of downtown San Jose will attract the successful executive as well as professional dual-income couples and high-income singles. This premier site is located on the corners of First Street, Second Street, and St. John, directly across from St. James Park. Step out the door and the light rail system and planned BART extension connect the new homeowner to all parts of Silicon Valley. Completion of entitlements is expected no later than January 2008.
Project vision: The project is envisioned as a multi-tower complex providing 9,000 square feet of upscale retail space, and 414 residential units located on the top sixteen floors. Typical one-bedroom residential units will be 800 square feet, with two and three-bedroom models from 1000 — 1500 square feet. The top two floors will consist of luxury penthouses with two and three-bedroom configurations from 1200 — 2200 square feet. Competing luxury high-rises are the CIM tower selling many units at a price over a million dollars, along with the K-T Properties project selling many of their units for over a million dollars. The competitors sites are in less desirable locations than Northpoint Development's "88 North First Street", in part because their locations are within the flight path of San Jose International Airport.
Amenities will include a state-of-the-art health club, rooftop garden, and generous balcony space. A luxurious, expansive lobby will stimulate the senses upon entering the doors of 88 North 1st St. Retail space will be marketed to small, upscale restaurants, boutiques, and coffee shops.
300 South Second Street, San Jose, CA.

Description: Located on San Carlos Street between Second Street and Third Street, adjacent to the State of California building and the Federal Building, and one block from the San Jose State University campus, Northpoint Development's lively "300 South Second Street" project will attract the new Silicon Valley technology professionals with its world-class architectural design, dual towers, twenty-two floors of 598 modern, upscale residences, and 36,164 square feet of colorful shopping, unrivaled food and exciting entertainment. Completion of entitlements is expected no later than August 2008.
Project vision: This mixed-use residential project consists of dual towers of twenty-two floors with 900 square foot one-bedroom residential units, and two- and three-bedroom units vary from 1050 — 1200 square feet. A wide variety of optional upgrades will be available, and most of these units will be marketed towards move-up homebuyers and corporations buying secondary living space. The top two floors are designated for penthouse units, with large living spaces (from 1800 — 3000 square feet), 12 ceilings, and an express elevator. The penthouse interiors will be selected by purchasers working with in-house interior designers to create unique custom-designed suites.
The retail/pedestrian plaza will consist of 36,164 square feet of retail and restaurant space and over 17,400 square feet of open, public space. The vision includes a jazz club, coffee shops, various restaurants, cleaners, and other fine retail establishments. People will be able to stroll through our landscaped paseo and open plaza between San Carlos, 2nd St., and 3rd St., visiting interesting kiosks, shops, outdoor dining, and entertainment. This covered, but open plaza is sitting beneath 598 new front doors connecting the most dramatic residence in all of downtown San Jose. This Plaza will have a lease value in excess of $25,000,000.
Fifth Street Tower, San Jose, CA.

Description: Designed in cooperation with the First Methodist Church, the seller of the site, the "Fifth Street Tower" residential project is a reflective glass skin T -shaped tower that is located immediately across Santa Clara Street from the new City Hall building. Completion of entitlements is expected no later than September 2009.
Project vision: This residential tower of 384 units will consist of twenty-two floors built above two levels of underground parking, 9,000 square feet of retail space, and town homes along 6th St. The latter will likely be purchased by the businesses and professionals that work on a daily basis with the various departments of the new City Hall. The residential floors are designed for small families and move-up buyers, consisting primarily of one- and two-bedroom condominium homes with custom options and amenities that exceed those of other projects being planned by competitors.

Delmas Tower, San Jose, CA.

Description: "Delmas Tower" is a 72-unit, 8-10 story mid-rise residential condominium project with pool and health club located on the border of mid-town and Metro San Jose, near all downtown freeways, the light rail, the new BART extension, and railroad and bus transportation. It is a short walk to all of downtown San Jose, including the nearby Adobe headquarters, downtown San Jose's largest employer. Entitlements will be completed by January 2008.
This two phase project will include an additional 85 condominiums in a four story, over podium structure along Auzerais Avenue, which is adjacent to Delmas. This phase has significant environmental issues that are currently being mitigated by the seller.
Project vision: These well-appointed, luxury condominium homes range from one-bedroom units of 800 square feet to two- and three-bedroom units up to 1500 square feet. Each unit of "Delmas Tower" will have a balcony that is the full width of the living room, allowing residents to take full advantage of San Jose's 300 days per year of sunshine. A second phase is located around the corner at Auzerais Street, and will consist of three, four, and five tier structures designed to interface well with the surrounding community of single-family homes.

Last edited by San Frangelino; Sep 14, 2007 at 4:20 PM.
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