An investment group acquired 355.7 acres of land in east San Jose for $5.5 million. This land purchase is part of a larger housing development plan involving a total of 517.3 acres. The proposal includes 500 residential units, with an emphasis on single-family homes and accessory dwelling units. Additionally, plans for non-residential improvements encompass two riding arenas, an event center, stable areas, and office space. This multifaceted project reflects emerging development activity in the San Jose foothills area.
A business entity with an address in Fullerton bought 355.7 acres of land in the eastern foothills of San Jose for $5.5 million.
The plans are being proposed on 517.3 acres that include 320.8 acres of the property that the Eilenberg-represented group purchased this month.
The project would feature 500 residential units, with 400 single-family homes and 100 accessory dwelling units.
The developer is eyeing several non-residential improvements, including riding arenas, an event center, stable areas, and an office area.
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