Urban Catalyst Completes Downtown San Jose Land Assemblage
Urban Catalyst, a real estate fund manager and developer based in San Jose, has completed the land assemblage for its Icon/Echo development project after acquiring a critical site kitty-corner from San Jose City Hall. The company had been in a three-year option contract to purchase the fourth and final parcel, a 26-stall parking lot previously owned by Town Park Towers LP, which operates an age-restricted senior living facility overlooking the site.
Terms of the latest deal weren’t disclosed. The entire assemblage consists of four contiguous land parcels spanning over half a city block in Downtown San Jose’s Civic Center neighborhood.
“This is a critical piece in the assemblage to execute the Icon phase of our project and achieve the densities commensurate with our urban downtown,” said Joshua Burroughs, Urban Catalyst’s COO: “We needed to coordinate with multiple consenting parties, ultimately providing a sale solution and comprehensive package that benefited our Icon/Echo project and the seller.”
The two-phase development will include Icon, a 22-story, 510,000-square-foot office tower development, and Echo, a 27-story, 388-unit multifamily high-rise project
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).