"A housing development that would produce well over 700 homes in San Jose has edged closer to reality following the project site's purchase by an East Coast real estate alliance. The venture paid $45 million to buy a north San Jose site a few blocks from North First Street, according to documents filed on Feb. 2 with the Santa Clara County Recorder's Office."
"A proposed 737 residences are slated to sprout at the just-bought site, which has addresses of 211, 251 and 281 River Oaks Parkway and is next to Zanker Road, San Jose city planning records show. TPG and Angelo Gordon, New York City-based real estate investment firms that acted through an affiliate, bought the 9.8-acre site through an all-cash deal, the county records show."
"San Jose city officials approved the project in October 2025, paving the way for a development that would rise near tech hubs and residential neighborhoods in north San Jose. At present, three office and research buildings occupy the project site. The ownership group intends to bulldoze the buildings. The project includes a 505-unit, seven-story market-rate apartment building; a 132-unit, five-story apartment hub of affordable residences; and 100 townhomes that will be offered for sale. The townhomes will be clustered in 14 three-story buildings."
An East Coast real estate alliance purchased a 9.8-acre north San Jose site for $45 million, according to public records filed Feb. 2. The site at 211, 251 and 281 River Oaks Parkway near Zanker Road is slated for 737 residences. The plan includes a 505-unit seven-story market-rate apartment, a 132-unit five-story affordable apartment building, and 100 for-sale townhomes clustered in 14 three-story buildings. Irvine-based Risewell Homes will lead development and is part of the ownership group. Valley Oak Partners secured an earlier purchase contract in 2023 and helped guide the project through city review. San Jose approved the project in October 2025.
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