![]() The university noted that no transactions regarding any downtown properties that could affect SJSU have yet to be fully completed. “Our real estate planning team has been exploring workable opportunities to deliver more affordable student housing as quickly as possible,” Faas said in a statement he texted to this news organization. ![]() 17 agenda regarding a privately owned property in downtown San Jose. 17.Ĭharlie Faas, the university’s vice president for administration and finance, said SJSU is tracking a real estate-related item on the City Council’s Oct. “The Board of Trustees of the California State University, on behalf of San Jose State University, is currently contemplating a transaction where it would lease the South Tower Property from AG170 LLC, with the option to purchase the property in the future,” according to a city staff memo prepared for a council meeting on Oct. The southern tower is just a few blocks away from San Jose State University. SJSU in turn, would make the tower available as student housing, according to the City Council agenda materials. The potential transaction could lead to the south tower being bought by a real estate firm that would then lease the highrise to San Jose State University, municipal documents show. The South Tower has been put up for sale and is slated to become student housing, the city documents show. The 805-room hotel consists of a northern tower of 541 rooms and a southern tower annex of 264 rooms. Boundaries are approximate. (Google Maps) The 264-room southern tower annex is visible in the center and shown within the outline. The 541-room northern tower is visible to the left. Signia by Hilton San Jose, an 805-room hotel at 170 South Market Street in downtown San Jose. The transaction involves the southern tower of the double-highrise Signia by Hilton San Jose at 170 South Market Street, according to documents prepared for an upcoming San Jose City Council meeting. SAN JOSE - A deal for the sale of one of the towers of a downtown San Jose hotel that involves a local university is poised to make progress now that city officials are preparing a key approval step for the transaction.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |