An investment group purchased 355.7 acres of land in the eastern foothills of San Jose for $5.5 million. This land could be part of a housing project including several hundred units. The property is near the corner of Quimby Road and Mount Hamilton Road. A proposal for residential and commercial development on 517.3 acres, involving 500 residential units, has also emerged from local residents. The project envisions 400 single-family homes and 100 accessory dwelling units, highlighting potential future development in the area.
A business entity with an address in Fullerton bought 355.7 acres of land in the eastern foothills of San Jose for $5.5 million.
The recent transaction may be part of a larger activity associated with the property and adjacent sites.
Matthew Ginsberg and Pamela Kinion proposed a residential and commercial development on 517.3 acres, including 320.8 acres of the recently purchased land.
The development would feature 500 residential units, consisting of 400 single-family homes and 100 accessory dwelling units.
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