An empty lot at the gateway to some of Silicon Valley’s tech giants will sit empty no longer, as the Milpitas City Council Tuesday approved 4-0 — with Mayor Rich Tran abstaining — a 72-unit condo complex near the intersection of Montague Expressway and South Main Street.
The project was originally approved in September, 2016, but the previous owner’s permit didn’t expire ‘til 2018. The property’s new owner, 99 Homes LLC, reapplied for the project earlier this year.
The complex will feature 12 affordable units — six one-bedroom units and six two-bedroom units — per the city’s 15 percent-minimum affordable housing ordinance.
99 Homes will also shell out $913,000 in park in-lieu fees and $123,000 in in-lieu public art fees, per the city’s park and public art ordinances, respectively.
“We have very high need for two-bedroom apartments in the city,” said Sharon Goei, Director of Building and Housing. “We worked with the applicant to make sure this was available.”
The 1.8-acre lot will include a variety of housing sizes, including one-, two-, and three-bedroom residential units, with units ranging from 838 square feet to approximately 1,800 square feet. Units will be available for both rent and purchase, according to the developer’s plans.
The future development, located in the southern part of the city, lies less than a mile from North San Jose, where tech giants such as Amazon, Cisco, Google, and eBay have offices.