SAN JOSE — An affordable housing tower that would produce hundreds of units in downtown San Jose is set to break ground in early 2026 now that the project has landed all the financing that’s needed for construction.
The 220-unit project is located at 470 South Market St. in the city’s SoFA district, according to The Core Cos., a Bay Area real estate firm that is leading its development.
“Gateway Tower will not only fill an urgent need for housing, but it will also contribute to the revitalization of San Jose’s downtown area,” said Chris Neale, president of The Core Cos.
Core Cos. intends to launch construction of Gateway Tower during the January-through-March first quarter of 2026, according to Neale. A joint venture of Build Group and Core Builders will be the general contractor for the project…