SAN JOSE — A downtown San Jose housing tower that could offer hundreds of apartments landed a key piece of its financing puzzle that will allow construction to begin sometime this summer.
At 470 South Market St., Bay Area real estate firm The Core Cos. is leading the development of a project expected to include 220 housing units at a corner where South Market Street, East William Street and South First Street converge in the city’s SoFA district.
Housing Trust Silicon Valley provided the project with $1.5 million in predevelopment financing from its TECH fund, the nonprofit stated.
The 15-story Gateway Tower will be 100% affordable, according to Core Cos. It will serve households with an area median income ranging from 30% to 70%…