Block B is in San Jose’s Midtown market, which is a neighborhood that’s ready for development—both politically and practically. Previously, light industrial uses were located between downtown San Jose and lower-density, single-family neighborhoods to the west. These outdated land uses have left large parcels, which are located along arterial roads to downtown offices.
This area is served both by bus lines and the VTA light rail, making it ideal for urban living as evidenced by the momentum of industrial conversion, which only continues to accelerate. The long-term value in this location is both the proximity and access to large employers in downtown San Jose, mixed with the Midtown amenities of both nightlife and dining. Meridian at Midtown is located in this neighborhood.
Block B contains a total of 269 Type-V wood-frame-wrap apartment units, with a variety of floor plans including studios, one bedrooms, two bedrooms, as well as lofts. The deluxe amenities include weight and cardio equipment, a lounge room, and game room. Residents can also enjoy a 4-acre park that is diagonally adjacent to the property.
* All projects for development are expressed at original cost and do not represent fair market value.