Bright red flyers rallying neighbors against a proposed housing development with seven stories of homes hang from a development sign in Los Gatos, where a beloved hardware store sits. Rumors have been swirling the store will be razed and the “quaint town” will be damaged — but that might not be true.
The Arya, a housing project proposed by developer Arya Properties LLC, could bring 182 condos to 15300 and 15330 Los Gatos Blvd., with 37 affordable to lower-income homes. The potential plans include a rooftop restaurant with three levels of underground parking and the likelihood of retaining Ace Hardware on the roughly 1.91-acre site. Project applicant Ali Moayed said the developer has been in contact with the store’s owners, who have shown interest in continuing the business on the ground floor of the development.
The project is still under review and needs the town’s approval for what would be one of the tallest buildings in Los Gatos.