Opportunity zone investor Urban Catalyst has acquired its seventh downtown San Jose development, closing on an early phase project located at 475 S. 4th Street. ‘The Mark’ is planned for 220-units of student apartments in a 240,000-square-foot building serving San Jose State University (SJSU).
Urban Catalyst’s Erik Hayden said “We believe SJSU is one of the best strategic assets in our downtown core and our region – and just like every major university, quality housing options are critical to long term viability.”
Early programming includes student and educational work-space amenities on each floor and outdoor recreation spaces. Construction is expected to complete in fall 2023.
Urban Catalyst has six other projects in downtown San Jose, including developments at 491 W. San Carlos St., 201 S. 2nd Street, and 147 E. Santa Clara St., all opportunity zone investments targeting a downtown San Jose renaissance.
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