Three downtown San Jose housing tower projects have encountered delays.
SAN JOSE — Three downtown San Jose housing tower projects have encountered delays due to a murky economy, sky-high interest rates and the withdrawal of a key tech partner from the highrises.
Nabr collected deposits from people who wished to rent the apartments in a program that would enable people to eventually own their apartments. At one point, Nabr reported the waiting list was in the thousands. Two of the towers would be built at 420 South Second Street at East San Salvador Street. One of these two towers would provide 169 housing units while the other would contain 137 units.
The primary issue: Markets other than San Jose appear to be more fertile for Nabr’s software to automate and customize housing selections and apartment features, according to Dillabough.
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