In an ambitious move to transform the San Jose skyline, development firm Urban Catalyst has secured a significant loan to propel its Icon/Echo project. The $10.5 million financial injection from Gantry is aimed at backing the pre-construction phase of a grand residential venture in Downtown San Jose. Occupying two acres at 147 East Santa Clara Street, opposite City Hall, the project promises to turn what is currently a combination of three properties and parking areas into a duo of modern residential towers.Urban Catalyst’s vision for these lots will manifest through the development of vibrant high-rise living spaces, dramatically altering the cityscape with a melding of contemporary design and strategic urban planning. Initial plans had included a 21-story office tower alongside a residential high-rise; however, a revised strategy has involved converting office space into additional residential units, a change that will create around 600 new homes in the bustling heart of the city.
