The Metropolitan

The Metropolitan will continue the revitalization efforts along Monterey Road, immediately north of Tully/Curtner Roads. Recent developments include the new, Markham Plaza Studio apartments as well as the regional retail center, The Plant. The Metropolitan will replace an old, dilapidated former hotel which is currently vacant with 102 new, family apartments. Charities Housing in partnership with the City of San Jose Department of Housing will develop this collection of 102 family apartments situated on 2.86 acres along Monterey Road. The community is conveniently located along the Monterey and Tully bus lines, which provide ample connections to Light Rail and Caltrain. Work opportunities and neighborhood serving retail, grocery stores and restaurants are all easily accessible to the site.
The building is designed in accordance with Green Building Guidelines and implements state of the art building technologies in an effort to promote energy efficiency and sustainability. Amenities include a multi-purpose room, staff and service provider offices, community kitchen, fitness center, laundry facilities, and two outdoor areas totaling approximately 1/3 of an acre for children and adults to play and relax.

Click here to see a fact sheet for The Metropolitan

Sources (Projected):
City of San Jose
Tax Credit Syndication Equity
County of Santa Clara – MHSA
Federal Home Loan Bank – AHP
Federal Dept. of Housing & Urban Development (HUD) - McKinney
Deferred Developer Fee
Sobrato Affordable Housing Fund / Opportunity Fund

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