90 East Tasman Drive, an office and research building in north San Jose, entry area.
SAN JOSE — A veteran homebuilder is eyeing the development of more than 100 homes on the site of an older office and research building in north San Jose, a fresh example of a shifting Bay Area real estate market.
SummerHill Homes has submitted a very preliminary proposal to develop residences on a site at the corner of East Tasman Drive and Baypointe Drive, documents on file with San Jose city planners show.
A growing number of developers and property owners have begun to ponder the potential of replacing existing office sites with housing projects.
In other instances, developers have decided to scuttle prior proposals for vast high-profile office projects and instead seek approval for huge residential developments.
Property owners and developers have intensified their real estate recalculations because some tech companies have curbed their respective appetites for office space and scaled back their workplace footprints.
At 90 East Tasman in San Jose, SummerHill Homes has proposed the development of 110 townhouses on the 5.1-acre property.
SummerHill stated in the preliminary application that it will seek an expedited and streamlined city approval process by using provisions of California law SB 330.
An office and research building that totals 96,200 square feet occupies the potential development site. The building was constructed in 1986.