Bank of Italy Building Conversion
Sector: Road • Location: San Jose, California, United States
Source: The Real Deal
Westbank and Urban Community have broken ground on converting the historic Bank of Italy building in downtown San Jose into 109 housing units. The 14-story property at 12 South First Street had been vacant since about 2017 due to shifting office demand. The project benefits from city incentives including fee reductions and tax breaks, making the adaptive reuse feasible despite higher costs and ris
- Status
- Under Construction
- Sector
- Road, Commercial, Residential
- Location
- San Jose, California, United States of America
- Updated
- 22 Jul 2026
- Source
- The Real Deal
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Project Information
Participants
| Not available for this record. |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Westbank and Urban Community have broken ground on converting the historic Bank of Italy building in downtown San Jose into 109 housing units. The 14-story property at 12 South First Street had been vacant since about 2017 due to shifting office demand. The project benefits from city incentives including fee reductions and tax breaks, making the adaptive reuse feasible despite higher costs and risks. The first units are expected to be delivered within 12 to 14 months. |
Original sector | Residential |
Budget |
Location
Country | United States of America (USA) |
State | California |
City | San Jose |
Source
Source | The Real Deal |
URL |
More Details
Record type | Project |
Sector | Road, Commercial, Residential |
Article published date | 2026-04-10 |
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