On May 23, 2017 the San Jose City Council signed off on a plan to bring 708 condos to the site currently home to downtown Greyhound Station.
The San Jose Downtown Association Executive Director Scott Knies wrote a letter urging the council to approve the towers.
May 23, 2017
San Jose City Council
San Jose City Hall
200 E. Santa Clara St.
San Jose, CA 95113
RE: Greyhound site development permit
Dear Mayor Liccardo and Council members,
High-rise housing starts in our city are as rare as a Sasquatch sighting. The last groundbreaking for a residential tower was in February 2015. It is no coincidence that project, Silvery Towers, was developed by the same investment team, KT Urban seeking approval this evening for development permits on the former Greyhound Bus site downtown.
KT Urban has a strong track record of taking its entitled projects immediately into construction. The Greyhound project offers tremendous opportunities to further San Jose’s strategic planning goals by creating the city’s highest density project-to-date, adding 708 new residences, bringing ground-floor storefronts to Post Street and increasing the municipal tax base.
The supplemental memo from Mayor Liccardo, Vice Mayor Carrasco and Council members Peralez and Arenas clearly address the sideline issues related to bidding, apprenticeship, contractor and sub-contractor qualifications. The memo also articulates many of the project benefits – how it fulfills city General Plan objectives and leverages the Downtown High Rise Incentive Program. We fully support the recommendations in the supplemental memo.
On behalf of the San Jose Downtown Association, I urge your approval of the Greyhound project tonight.
Sincerely,Scott Knies, Executive Director