City of San Jose Planning Commission Unanimously Approves Urban Catalyst’s Icon/Echo Project Application | Company

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SAN JOSE, Calif.–(BUSINESS WIRE)–October 31, 2022–

Urban Catalyst, a leading real estate investment fund in Silicon Valley, has received unanimous approval from the City of San Jose Planning Commission for Urban Catalyst Opportunity Zone Fund II, LLC (“Fund II”), Icon/Echo.

Icon/Echo is a new office and multifamily project proposed for construction in downtown San Jose by Urban Catalyst, which now has the green light to go to the San Jose City Council for final review.

“We are grateful to the Planning Commission for this approval and are excited to move into the next phase of the process,” said Erik Hayden, Founder and CEO of Urban Catalyst. “With all the great things happening in our city, it’s an exciting time to build in downtown San Jose.”

Icon is a 500,000 square foot office building project and Echo is a 389-unit multi-family building. The planned project will be located on Santa Clara Street across from City Hall and adjacent to the future Bay Area Rapid Transit (BART) station, making it the epitome of a transit-first development . Both will be funded through Fund II, which remains open to investors.

In addition to Icon/Echo, Urban Catalyst currently has six other projects underway in downtown San Jose.

About Urban Catalyst

Urban Catalyst is a leading real estate equity fund manager and development company focused on grassroots projects in downtown San Jose, California. The company ranked in the top 5% of all funds raised in the Opportunity Zone (OZ) and was named by Forbes to the prestigious OZ Top 20 list as one of the best OZ funds in the country.

Urban Catalyst’s home market, San Jose, was recently named the top city in the United States to attract innovation-driven industries by real estate services firm JLL and was recognized as the top region in the nation ready for post-pandemic recovery by Bloomberg.

For more information, visit urbancatalyst.com.

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CONTACT: Mike MacMillan

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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & REAL ESTATE BANKING FINANCING PROFESSIONAL SERVICES URBAN DEVELOPMENT REIT RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Urban Catalyst

Copyright BusinessWire 2022.

PUBLISHED: 10/31/2022 12:30 PM/DISC: 10/31/2022 12:31 PM

http://www.businesswire.com/news/home/20221031005490/en

Copyright BusinessWire 2022.

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