Urban Catalyst has announced the submission of its site planning permit and provisional map of the acquisition area for its Icon / Echo towers in San Jose, California, United States.
The transit-focused development is expected to bring new office and residential units to downtown San Jose.
Icon / Echo, which is designed by WRNS Architecture in coordination with Studio Current, is located at 147 E Santa Clara Street, in the heart of downtown.
Once completed, the apartment and commercial operator Greystar will manage the project, which is being built under federal Opportunity Zones legislation.
Icon / Echo Towers will create more than 300 multi-family apartments and 420,000 sq. Ft. Of Class A office space.
Covering nearly two acres of land, the two towers will feature over 50,000 sq. Ft. Of outdoor amenities, including rooftop gardens and indoor common areas.
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At present, Urban Catalyst is accepting investments for the project.
Urban Catalyst Founder and CEO Erik Hayden said, “Building high density development close to public transportation is Urban Planning 101.
“This project is located on Santa Clara Street, the main thoroughfare of the central business district. Once completed, this community could house more than 500 residents and more than 2,000 employees.
Urban Catalyst has also completed the conformal zoning process to bring the project into line with the overall city plan.
Initial approval of the provisional map has also been received for the project field.
After purchasing two of the four plots for development, Urban Catalyst is under contract to purchase the other two.
Josh Burroughs, Partner and COO of Urban Catalyst, said: “The Icon / Echo development will complete the key intersection of 4th and Santa Clara Street while breathing new life into Saint James Park for an environment of work and life really balanced. “