A downtown San Jose property, previously approved for a 23-story student housing tower, has been listed for sale at $35 million due to unsafe conditions from past incidents, including fires and violence. Owner Brent Lee is seeking a buyer, with real estate firm Marcus & Millichap leading the marketing effort. The project promises residential units alongside retail space and adequate parking, but construction has yet to begin. City officials previously intervened to manage the site's hazardous conditions, clearing debris from multiple Victoria homes damaged by fires.
The property at 100 through 152 North Fourth Street is being marketed for $35 million, amid concerns due to past incidents, including fires and a fatal drive-by shooting.
The approved project includes a 23-story student housing tower with 298 units and retail spaces, although no construction has commenced yet.
City officials previously placed the site into receivership to manage the hazardous conditions resulting from past fires and to facilitate site cleanup.
Real estate brokers are actively seeking a buyer for the site, which represents a significant opportunity for development in downtown San Jose.
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