"The City Council approved a 140-unit condominium project with nearly 10,000 square feet of ground floor retail space at the northeast corner of Castro Street and El Camino Real, replacing three commercial properties and four homes."
"The city had planned to charge GPR Ventures roughly $2.9 million but lowered it to $2 million, as part of the project's condition of approval, according to an April 23 settlement agreement."
"The developer plans to close the roadway to vehicle traffic and turn it into a promenade, according to the city staff report."
"Ramirez noted that the project met the city's housing goals by providing more ownership opportunities, including affordable housing."
The City Council approved a plan for an eight-story condominium complex with 140 units and retail space in Mountain View. The project faced a legal dispute over parkland fees, initially set at $2.9 million but reduced to $2 million. The developer, GPR Ventures, plans to convert Fairmont Avenue into a pedestrian promenade. The project, named 'Castro Commons,' aims to meet housing goals and provide affordable ownership opportunities, while also incorporating community priorities.
Read at San Jose Spotlight
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