SAN JOSE — Westbank purchased an workplace constructing and adjoining car parking zone at 255 West Julian St. in downtown San Jose, in line with paperwork filed on Aug. 1 with the Santa Clara County Recorder’s Workplace.
Performing by means of an affiliate, Westbank paid about $14.2 million for the property generally known as the Charles Davidson Constructing, named after the late Charles Davidson, a San Jose philanthropist and actual property developer.
Charles Davidson Constructing at 255 W. Julian St. in downtown San Jose. (Google Maps)
People and teams affiliated with the Davidson Household Belief offered the constructing and floor car parking zone, county information present.
Westbank associates acquired as much as $207.9 million in financing from Acore Capital Mortgage, county information present. A number of properties in downtown San Jose which can be owned by the associates have been used as collateral.
The Charles Davidson Constructing is subsequent to the location of a Westbank-proposed housing tower and information middle whose extra warmth could be captured to ship electrical energy to the residential complicated.
The proposed adjoining 17-story residential highrise is called Terraine and would produce 345 housing models at 323 Terraine St.
Oakland-based PG&E, Westbank and San Jose officers are pushing forward with plans for eco-friendly housing towers and information facilities that may assist create a inexperienced vitality downtown.
Canada-based Westbank is eyeing a number of downtown San Jose initiatives that might produce housing and information middle tandems.
Westbank’s downtown San Jose proposals embrace the renovation of the historic Financial institution of Italy tower at 12 South First St., housing highrises on the Valley Title lot at 300 South First St., a housing tower on the former Bo City restaurant web site at 409 South Second St., a tower in Fountain Alley, the Terraine Avenue housing complicated and a growth subsequent to the Tech Museum at 180 Park Ave.
