SAN JOSE – A student housing tower has been proposed for the upcoming and upcoming Sofa District of San Jose, which has received final approval from city officials and construction will begin next year.
Mark, a 20-story high-rise residential building, will bring hundreds of housing units to San Jose if the project is built and completed as expected.
The city’s planning commission removed the final hurdle to the project this week when the panel rejected an appeal to halt development.
The Mark Tower will consist of 222 units and is expected to have more than 850 students, according to its developer Urban Catalyst.
“Our goal is to provide students with a strong off-campus experience,” said Eric Hayden, founder and managing partner of Urban Catalyst.
Groundbreaking for The Mark is set to begin in 2022 and the project is expected to be completed by the fall of 2024, with San Jose State University students taking up residence in the tower.
“Mark will help solve the long-term problem of off-campus housing around SJSU,” Hayden said.
The Urban Catalyst was created to create funds that could take advantage of the tax benefits provided by the Opportunity Zone in cities like San Jose.
Mark is being developed and built through one of these funds.
“We look forward to anchoring the southwest edge of campus, which will provide a high-density off-campus connection between Washington Square and Sofa District,” said Joshua Bruce, Urban Catalyst’s partner and chief operating officer.
Sofa District San Jose District is an emerging neighborhood that includes arts, entertainment, theater, cultural, live performances, dining options. Urban Catalyst hopes that Mark will strengthen such activities in the city.
“These kinds of projects stimulate our urban environment,” Brorows said.