The Fay Apartment Tower Acquisition and Affordable Housing Program
Sector: Commercial • Location: San Jose, California, United States
Source: East Bay Times
The Fay is a 23-story, 336-unit apartment tower in downtown San Jose's SoFA District. It was purchased by a business entity led by Andrew Jacobson and Gary Dillabough for $175 million, ending a foreclosure situation. The city of San Jose launched a program to create 197 affordable housing units within the building, leasing 150 one-bedroom and 47 two-bedroom apartments to middle-income households,
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The Fay is a 23-story, 336-unit apartment tower in downtown San Jose's SoFA District. It was purchased by a business entity led by Andrew Jacobson and Gary Dillabough for $175 million, ending a foreclosure situation. The city of San Jose launched a program to create 197 affordable housing units within the building, leasing 150 one-bedroom and 47 two-bedroom apartments to middle-income households, including public servants. The new owners plan to revamp the building, rebrand it, and activate empty retail spaces to enhance neighborhood vibrancy. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
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