Urban Catalyst is transforming downtown San Jose’s landscape with an ambitious residential development that promises to deliver 626 much-needed apartments across two strategic locations. The project, which will replace existing commercial properties including a Chevron gas station, represents a significant response to the city’s ongoing housing crisis.

The development will consist of two eight-story buildings, each housing approximately 300 units, strategically positioned near the intersection of Fourth Street and Santa Clara Street. Joshua Burroughs, chief operating officer of Urban Catalyst, explained that wood-frame construction at eight stories provides the most economically sensible approach, noting that concrete and steel high-rise housing becomes prohibitively expensive.

Initially conceived as a mixed-use office and residential project, the plans have evolved to focus exclusively on housing. The first phase will rise at East St. John and North Fourth Street, with the second phase developing the Santa Clara and Fourth Street location. This phased approach might allow the existing gas station to continue operations for several more years.

The total development investment is estimated at around $300 million, with each building costing between $130-150 million. Burroughs emphasized the project’s importance, stating that creating housing that can be built quickly is crucial during the current housing crisis.

Utilizing provisions from SB 330, a California law designed to streamline housing project approvals, Urban Catalyst is positioned to move forward relatively efficiently. The development will also include some commercial and retail space along the East Santa Clara Street frontage, adding mixed-use elements to the residential focus.

This project represents a promising step toward addressing San Jose’s housing challenges, providing new housing options in a prime downtown location and potentially setting a template for future urban residential developments.