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46 Apartments & 5,000 sq.ft. commercial @ 1495 Winchester Blvd San Jose
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Overview

Four story mixed-use building with subterranean parking, ground floor retail space, and 46 apartments above.


We received the Backflow Prevention Device Approval letter from SJ Water this week & are following up with PG&E to provide us with Electric Drawing Set. We had earlier received Gas Approved Set from PG&E. 

The Grading & Drainage, Improvement &  Foundation Only Permits are all approved by the City & look forward to start construction, once park-inlieu, school fees, utilities fees & shoring bonds which is in tune of over $1M are fully paid to the City.


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The Grading, Improvement & Shoring plans are all approved by the City & look forward to pulling Foundation Only Permit to start construction, once park-inlieu, school fees, utilities fees & shoring bonds which is in tune of over $1M are fully paid to the City.

We further expect to receive Building permit plans approval by end of next month.


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As mentioned last week, we continue to follow-up with SJ Water to get the required approval letters for plumbing plans and re-submit Building set set to the City by end of this month.

The Grading, Improvement & Shoring plans are all approved by the City & look forward to pulling Foundation Only Permit once all Permitting fees, park-inlieu, school fees, utilities fees & shoring bonds are fully paid to the City.


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The Building Permit Set is now mostly Approved by the City with only last 2 minor comments in Plumbing Drawings. We are working with our MEP Engineer & SJ Water to get the required details and re-submit set to the City by end of this month. The Grading, Improvement & Shoring plans are all approved by the City & look forward to pulling Foundation Only Permit once all Permitting fees, park-inlieu, school fees, utilities fees & shoring bonds are fully paid to the City.


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The Last Preferred Equity raise on this mega-project is closing soon. Book your spot by clicking now on the "Invest Now" button. 

We have received & compiled the updated MEP Plans & re-submitted the Building permit set for the final approval last week. The Grading, Improvement & Shoring plans are all approved by the City & we can pull Foundation Only Permit once all Permitting fees, park-inlieu, school fees, utilities fees & shoring bonds are fully paid to the City.


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The Last Preferred Equity raise on this mega-project is closing soon. Book your spot by clicking now on the "Invest Now" button. 

We are currently working on making minor changes to mechanical plans in Trash collection rooms as per instructions from the city in Building Permit set. We can pull Foundation Only Permits in next 3 weeks and start full fledged construction on site once all Permitting fees, park-inlieu & shoring bonds are paid to the City.


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The 1M Preferred Equity raise is filling up quickly and only a few seats remaining! Visit the offering page to reserve your spot by clicking the "Invest Now" button. 

We can pull both Foundation Only & Building Permits in next 4-6 weeks and start full fledged construction on site once all Permitting fees, park-inlieu & shoring bonds are paid to the City. 


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We just filled in 300k out of the 1M raise! Visit the offering page here in order to reserve the final spot by clicking the "Invest Now" button, or immediately call Kirti at (650) 567-4701!

This project- 1495 Winchester is located in the heart of the recently adopted South Winchester Urban Village in the city of San Jose.As approved, it's a 70000 sq ft, 4-story mixed use building with 46 residential units and a 4500sq ft retail space.As a recap, we have already demolished the site, the Foundation Permit is  ready to be pulled by the end of this month & we also have the  Building Permit package submitted to the City.

 

The status on current building permit are:

 Permit Status: 1. Encroachment Permit (Shoring): Permit Approved. $100K to be paid for Issuance

  1. Grading & Drainage Permit: G&D Plans Approved, Improvement Plans under review for approval. Plan Check fees, Sewage connection fees to be paid.
  2. Foundation Only Permit: All Plans Approved. Park in-lieu fees to be paid, Construction Agreement , Bonds & COI to be submitted for permit issuance.
  3. Building Permits: Only One comment pending resolution with the ICC-Chicago District Office & look forward to re-submitting for Round #2 next week.
  4. Any other latest highlights: Demolition Completed & Site Cleared. We can pull both Foundation Only & Building Permits in next 4-6 weeks and start full fledged construction. Project Interior Designing & IFC set preparation in progress.

 

Currently, we are raising this additional $ 1M of preferred equity, bringing the total preferred equity contribution to $3.5M. . Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.



Offerings

  • We are offering:
    • The Prefered Equity Investment pool will own 10% of the Single Purpose Entity created for this project - ADL 9 LLC. As a result, they will earn their pro-rata share of any income from cash flow and profits from sale of property.
    • 12% annual rate of interest (up from 8%) for Phase 1 of the project to those investors who invest $200,000 or more under one name. Phase 2 interest rate will remain at 12% annualized.
  • The Preferred Equity investors will receive their Principal and accrued interest upon completion of Phase 2 (refinance of full rented out property). Yet, they will continue to earn income and profits for as long as ADL 9 LLC continues to own the property.

Investment Summary

 

Offering Type

Preferred Equity

Funding Goal

1,000,000

Minimum Investment

$50,000

Term

Phase 1: 3 months

Phase 2: 18 months

Annualized Interest

Phase 1:  10%

           Phase 2: 12%

Equity Share

          10%

This opportunity is about to fill out fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

 

Looking forward to connecting with you soon!

Thanks,

Kirti Agarwal,

Cell :   (650) 567-4701


Whatsapp image 2021 09 04 at 10.18.47 am

300k out of the 1M Preferred Equity raise is filled already! Visit the offering page to reserve the final spot by clicking the "Invest Now" button. 

Upon completion of raise we can clear the balance permit fees to pull the Encroachment permit (for Shoring) , Foundation Only Permit for start of construction works on site. 


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We are extremely excited to bring out the news on Winchester that we are 6 weeks away from final building permits and have the site already demolished(pictures attached), the Foundation Permit shall be ready to be pulled by the end of this month & have the  Building Permit package submitted to the City.  Here we provide you an exciting opportunity to invest with us! Visit the offering page here in order to reserve the final spot by clicking the "Invest Now" button, or immediately call Kirti at (650) 567-4701!

As a recap, we have the site already demolished, the Foundation Permit shall be ready to be pulled by the end of this month & have the  Building Permit package submitted to the City.1495 Winchester is located in the heart of the recently adopted South Winchester Urban Village in the city of San Jose.A 70000sqt project which is a 4-STORY MIXED USE BUILDING (46 RESIDENTIAL UNITS)- (1.5 Basement + 1 Floor Retail & Parking + 3 Floors Residential )with a 32939 SQ.FT- RESIDENTIAL , 3054 SQ.FT CORRIDOR, 1773 SQ.FT AMENITIES, 4575 SQ.FT RETAIL AND 29495 SQ.FT GARAGE.

 

The status on current building permit are:

 Permit Status: 1. Encroachment Permit (Shoring): Permit Approved. $100K to be paid for Issuance

  1. Grading & Drainage Permit: G&D Plans Approved, Improvement Plans under review for approval. Plan Check fees, Sewage connection fees to be paid.
  2. Foundation Only Permit: All Plans Approved. Park in-lieu fees to be paid, Construction Agreement , Bonds & COI to be submitted for permit issuance.
  3. Building Permits: Only One comment pending resolution with the ICC-Chicago District Office & look forward to re-submitting for Round #2 next week.
  4. Any other latest highlights: Demolition Completed & Site Cleared. We can pull both Foundation Only & Building Permits in next 4-6 weeks and start full fledged construction. Project Interior Designing & IFC set preparation in progress.

 Currently, we are raising this additional $ 1M of preferred equity, bringing the total preferred equity contribution to $3.5M. . Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.

Offerings

  • We are offering:
    • The Prefered Equity Investment pool will own 10% of the Single Purpose Entity created for this project - ADL 9 LLC. As a result, they will earn their pro-rata share of any income from cash flow and profits from sale of property.
    • 12% annual rate of interest (up from 8%) for Phase 1 of the project to those investors who invest $200,000 or more under one name. Phase 2 interest rate will remain at 12% annualized.
  • The Preferred Equity investors will receive their Principal and accrued interest upon completion of Phase 2 (refinance of full rented out property). Yet, they will continue to earn income and profits for as long as ADL 9 LLC continues to own the property.

Investment Summary

 

Offering Type

Preferred Equity

Funding Goal

1,000,000

Minimum Investment

$50,000

Term

Phase 1: 3 months

Phase 2: 18 months

Annualized Interest

Phase 1: upto 12%

           Phase 2: 12%

Equity Share

          10%

This opportunity is about to fill out fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

 

Looking forward to connecting with you soon!

Thanks,

Kirti Agarwal,

Cell :   (650) 567-4701


Whatsapp image 2021 09 04 at 10.18.47 am

We are pleased to launch Preferred Equity investment options for our project. A 1M raise for the project - fetching high returns, Click Here to know more!

This raise is required to pay the remaining permit fees for obtaining the Foundation only Permit to break the ground as we look forward to starting construction of foundation / basement in next 2-3 months. We are also on track for the Building Permit Set#2 submission to the City as all comments have been closed this week. We are aslo working on obtaining bids from sub-contractors for various major activities like Waterproofing, elevator, finishing, MEP etc.


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We have completed the Bonding requirements & notarised Construction agreements with the City. We are getting our building plans reviewed with the city building officers to ensure compliance to all comments prior to former submission No. 2 to the City next week. We are also on track to receive the Foundation Only Permits upon payment of all permit & City fees for which we are actively raising money. 

 

 


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We have received the City-Developer construction agreement which we look forward to signing and notarizing and submitting to the city. We have also received performance,warranty, material and labour bonds from the city which we need to file, along with paying for the pending permit fees to pull the foundation only permit after which we can break the ground to start excavation work at site.


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The city engineer is working on providing the construction agreement and bonds and we look forward to paying the final review and permit fees in order to pull the foundation only permit.


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We will be soon rolling out an all new investing opportunity for our investors. The Re-submission package number 2 is compiled and is being reviewd internally and we look forward to submit the same to the city next week. We are also working on scheduling the demolition inspection on site.


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We are looking ahead to secure some funds to meet the upcoming permits related fees. We have installed surveillance camera at the site and working to install temporarily power force. We are also coordinating with PG&E to close the contract on electrical, design and engineering this month.


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The demolition work has been completed at site and we are working with the city to schedule inspection. The building permit resubmission track , we are working closely with our consultant to address the comments received till date.


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As informed last week, we are still following up for the planner feedback on the building permit submission. The demolition work has started and we are expecting to complete it by next week. Further we will pursue the pooling of foundation only permit and start escalation and shoring work.


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We are only pending feedback from building and structural department for our building permit submittal, which is expected by mid of july since they are pretty packed up. We continue to coordinate with our consultants to address the comments received so far. We have also been able to finalise subcontractors for some of the major trades and we are mobilising machineries on site to start breaking the ground.


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This week we have completed site preparation activities(tree protection, fencing, garbage clearance and sign board installation etc.) prior to start of the plan of demolition next week. Also, we have received feedback from majority of the departments for our building permit submittal.

Last few seats remaining for the Preferred Equity Raise, only $ 500K left Invest Now 


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As Informed last week, we are ready to break ground this week and we have also cleared the abandoned vehicles on site, which means we are all set to start the demolition work very soon. We are in talk with some contractors as we are working on hiring the best contractor for grading, foundation and shoring work. 

Last few seats remaining for the Preferred Equity Raise, only $ 500K left Invest Now 


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We received the Towing Permit from SJPD & cleared the abandoned vehicles on site ensuring a safe neighborhood to the community. We plan to break the ground next week and mobilizing our resources. Currently, we are raising an additional $ 500K of preferred equity, bringing the total preferred equity contribution to $3M to fund the final phase of Soft Costs & City fees for this Mega-Mixed Use Project.


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We are extremely excited to share that we have opened another Preferred equity investment opportunity ! Visit the offering page here in order to reserve the final spot by clicking the "Invest Now" button, or immediately call Kirti at (650) 567-4701!

 

As a recap, we have the Demolition permit issued, the Foundation Permit shall be ready to be pulled by the end of this month & have the  Building Permit package submitted to the City.1495 Winchester is located in the heart of the recently adopted South Winchester Urban Village in the city of San Jose. The large corner parcel is currently utilized to operate a commercial business, but due to the newly adopted village plan, is zoned for up to 95 units per acre. The site is located just Northeast of downtown Campbell and 1.5 miles South of Santana Row. The proposed project will be a five-story mixed-use building of roughly 65,000 square feet with subterranean parking, roughly 19,000 square feet of retail and office space , plus 46 one and two bedroom apartments above.

Currently, we are raising this additional $ 500K of preferred equity, bringing the total preferred equity contribution to $3M. We were anticipating this need for equity which is why it has been captured in the proforma from the beginning of the raise. We have started considering the offers of Debt by different lenders and will be securing it in the coming months for starting construction with a full pace and to complete the project on time. We are raising the $ 500K to fund the soft costs and city fees on the project.

 

Again, we currently have $2.5M out of the $3M raised, meaning that we have an additional $500k available for investment. Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.

 

Refer and Earn

Thanks for being a part of the Aron - Investors family. Just as you have supported us and helped us grow over the years, we continue to seek your support as we have started an exciting program for you to earn a passive income on your active investment on any of our projects as a “Refer and earn” program. Refer us to your friends and family that may be interested in investing in this opportunity. If your referral turns into a qualified investor by investing the minimum amount, you earn $ 3000 or 5% of the invested amount(whichever is higher) on every investor that you bring to the table, we will pay you an extra  referral bonus at the time of investment return !



Offerings

  • We are offering:
    • The Prefered Equity Investment pool will own 10% of the Single Purpose Entity created for this project - ADL 9 LLC. As a result, they will earn their pro-rata share of any income from cash flow and profits from sale of property.
    • 10% annual rate of interest (up from 8%) for Phase 1 of the project to those investors who invest $200,000 or more under one name. Phase 2 interest rate will remain at 12% annualized.
  • The Preferred Equity investors will receive their Principal and accrued interest upon completion of Phase 2 (refinance of full rented out property). Yet, they will continue to earn income and profits for as long as ADL 9 LLC continues to own the property.

Investment Summary

 

Offering Type

Preferred Equity

Funding Goal

$500,000

Minimum Investment

$50,000

Term

Phase 1: 3 months

Phase 2: 18 months

Annualized Interest

Phase 1: upto 10%

           Phase 2: 12%

Equity Share

          10%

This opportunity is about to fill out fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

 

Looking forward to connecting with you soon!

Thanks,

Kirti Agarwal,

Cell :   (650) 567-4701


We are extremely excited to share that we have opened another Preferred equity investment opportunity ! Visit the offering page here in order to reserve the final spot by clicking the "Invest Now" button, or immediately call Kirti at (650) 567-4701!

 

As a recap, we have the Demolition permit issued, the Foundation Permit shall be ready to be pulled by the end of this month & have the  Building Permit package submitted to the City.1495 Winchester is located in the heart of the recently adopted South Winchester Urban Village in the city of San Jose. The large corner parcel is currently utilized to operate a commercial business, but due to the newly adopted village plan, is zoned for up to 95 units per acre. The site is located just Northeast of downtown Campbell and 1.5 miles South of Santana Row. The proposed project will be a five-story mixed-use building of roughly 65,000 square feet with subterranean parking, roughly 19,000 square feet of retail and office space , plus 46 one and two bedroom apartments above.

Currently, we are raising this additional $ 500K of preferred equity, bringing the total preferred equity contribution to $3M. We were anticipating this need for equity which is why it has been captured in the proforma from the beginning of the raise. We have started considering the offers of Debt by different lenders and will be securing it in the coming months for starting construction with a full pace and to complete the project on time. We are raising the $ 500K to fund the soft costs and city fees on the project.

 

Again, we currently have $2.5M out of the $3M raised, meaning that we have an additional $500k available for investment. Please follow THIS LINK in order to reserve one of these few remaining spots in the raise by clicking the "Invest Now" button.

 

Refer and Earn

Thanks for being a part of the Aron - Investors family. Just as you have supported us and helped us grow over the years, we continue to seek your support as we have started an exciting program for you to earn a passive income on your active investment on any of our projects as a “Refer and earn” program. Refer us to your friends and family that may be interested in investing in this opportunity. If your referral turns into a qualified investor by investing the minimum amount, you earn $ 3000 or 5% of the invested amount(whichever is higher) on every investor that you bring to the table, we will pay you an extra  referral bonus at the time of investment return !



Offerings

  • We are offering:
    • The Prefered Equity Investment pool will own 10% of the Single Purpose Entity created for this project - ADL 9 LLC. As a result, they will earn their pro-rata share of any income from cash flow and profits from sale of property.
    • 10% annual rate of interest (up from 8%) for Phase 1 of the project to those investors who invest $200,000 or more under one name. Phase 2 interest rate will remain at 12% annualized.
  • The Preferred Equity investors will receive their Principal and accrued interest upon completion of Phase 2 (refinance of full rented out property). Yet, they will continue to earn income and profits for as long as ADL 9 LLC continues to own the property.

Investment Summary

 

Offering Type

Preferred Equity

Funding Goal

$500,000

Minimum Investment

$50,000

Term

Phase 1: 3 months

Phase 2: 18 months

Annualized Interest

Phase 1: upto 10%

Phase 2: 12%

Equity Share

          10%

This opportunity is about to fill out fast, so be sure to Click here in order to "Invest Now" and reserve your space in the offering. Please also feel free to reach out to us directly with any questions you have by responding to this email or giving us a call at (650) 567-4701.

 

Looking forward to connecting with you soon!

Thanks,

Kirti Agarwal,

Cell :   (650) 567-4701


Ikon

This week we submitted the required documents to the City of San Jose Public Works department to issue the Bonding papers & fees details for issuance of the Foundation Only Permit. We look forward to get the site Clearance for starting demolition by mid of this month.


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We have the Demolition permit issued, the Foundation Permit shall be ready to be pulled early next month & have the  Building Permit package submitted to the City. We are now working with lenders on construction financing & raising equity in up-coming weeks. We are closely following-up with SJ PD for scheduling the Site clearance inspection at the earliest which will enable us to begin demolition.


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As planned, Building Permit package was submitted to the City which is a major milestone for the project. We are working as expeditiously as possible with the Public Works department for issuance of the Foundation Only Permit and SJPD for scheduling Site inspection to tow away all abandoned cars on the property which will enable us to begin demolition.


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Our complete Building Permit package#1 intake meeting is scheduled for Tuesday, next week. We are also working with the Public Works department to complete all formalities prior to issuance of the Foundation Only Permit.


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We received a go-ahead from the City of San Jose to submit our complete Building Permit package#1 as our Foundation Only Permit is set to be approved soon from the Public Works Department. We plan to submit the same by next week and on-track to Demolish the existing structure later this month & start construction.


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We have received our Encroachment Permit and submitted successfully our response for environmental approval to the city & look forward to receiving the last approval on our Foundation Only Permit set from the Public Works Department.


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We received approval on our Electrical Package from City & look forward to receiving the last approval on our Grading & Drainage Permit set from Public Works Department. This week we also worked on improving the Site security & following up with SJ PD for clearing the site to start with demolition work.


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We have filed an official complaint with SJ PD for the clearance of site (Homeless people), so that we can start the demolition work at the earliest. As informed last week there are only two items pending to receive approval on our Foundation Only Permit - Electrical Review and Public Works Review.


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We have successfully re-submitted the Grading & Drainage Package to the City which is a pre-requirement to receiving the Foundation only permit which is expected this month. Also we are on track to Demolish the existing structure and awaiting Site Clearance from SJ PD.


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As informed last week, we have successfully closed all outstanding comments on the Foundation Only Permit, we are also on track to re-submit Grading & Drainage permit package. Also look forward to finalising Demolition Contract & breaking grounds.


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We have received few comments from the City Electric Plans reviewer which we are working to close at the earliest in order to receive final Foundation Only Permit approval.  Also, we are on following-up with our Civil Engineer & Shoring Consultants to re-submit Grading & Drainage permit package this month.


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As informed last week, we have received the Demolition Permit and look forward to clear the site and break grounds this month. Also, we received approval from Building Department for our Foundation Only Permit are following with the City of San Jose for final permit. As per instructions from the City, we are on-track to submit the Full Building permit set after Foundation Only permit is received.


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We have received minor feedback on the Grading & Drainage permit this week & working with our Civil Engineers to address them at the earliest. As a milestone, with support from the Office of Vice mayor we have been able to pull expedited Demolition Permit and look forward to breaking ground this month.


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As informed last week, we are awaiting approval on our Grading & Drainage Package and Foundation-Only permit submission to the City. We have also obtained the J# look forward to receiving Demolition Permit. Also, as informed by the City Permit Technician, the Building Permit submission can be logged in after approval of Foundation Only permit.


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We have compiled the Full Building Package & on track to submit the same by this end of month. We are looking forward to receiving the approval on our Grading & Drainage Package and Foundation-Only permit submission to the City. We have also applied for the J# as our Demolition Permit Application is under process with the City.


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We have successfully re-submitted the Foundation only package to the city this week. We are working closely with our consultants & various agencies for Full Building Permit Package submission to the City in 2 weeks. Also, we have re-submitted the Grading & Drainage Package to the City. We are following up with the office of Vice Mayor for expedited Demolition Permit.


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We received approval from the SJ Fire Department on our Fire Calculations this week helping us further expedite our resubmission to the City for Foundation Only permit. We are on-track for completing the Full Building Permit Package to the City by mid of this month. Also, we are working on finalizing interiors & preparing awesome 3D renders for the grand project.


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This week we received minor comments from SJ Fire Department on our Foundation Only Permit package and are working with our architect on the re-submission of Foundation Only Permit. We are also pushing the Office of Mayor & City on issuing us an early demolition permit. We are waiting on inputs from PG&E for completing the Full Building Permit Package & submitting the same to the City early next month.


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As informed last week, we are working meticulously with all our consultants on the re-submission of Foundation Only Permit. We are also on track to submitting the Full Building Permit Package to the City this month-end for review and following-up with PG&E for project designs & estimation. 

We are excited to share some additional 3D renderings of the project.


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We received the feedback on our Foundation Only Permit this week and working with our consultants to address the minor comments received from Architectural & MEP Packages. We are also looking forward to submitting the Full Building Permit Package to the City this month-end for review.

We developed amazing 3D renderings of the grand project that were just completed that we are excited to share.


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We are looking forward to receiving approval on our Foundation Only Permit this month and working meticulously with all our consultants on compiling the  Full Building Permit Package which is also planned to be submitted to the City this month for review. We are also working on finalising interior finishes & developing 3D renderings of the project.


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We received the last set of comments from the City of San Jose this week on the off-site Improvement Plans package. We are preparing the responses to MMRP to record the environmental approval for the project. Also, we are looking forward to receiving feedback on our Foundation Only Permit by mid of Jan and hope to begin with Demolition work soon thereafter.


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As a milestone, we have successfully re-submitted our Foundation only Permit and the Grading & Drainage Permit application to the City this week and expect feedback by mid-January next year. Also, we are working closely with our Consultants to compile & submit the full building package early next year.

Also, following up with the Community Development Office to receive an expedited demolition permit.


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We received feedback from City on our first Public Street Improvement Plans submitted this week and will be working closely with our Civil Engineers to address the comments. We are also close to re-submit our full Foundation-Only Permit Package. Also, following up with the Vice Mayor's office to receive an expedited demolition permit.


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We are on track to submit our MEP Package to the City and working meticulously with all our consultants to close all comments on the Foundation-Only permit. We are also looking forward to receiving feedback from City on our Public Street Improvement Plans next week. We are also close to finalizing consultants that are required in order to submit our first full building permit package.

We are also working with the Vice Mayor's office and with the Planning Department in order to receive an expedited demolition permit.


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This week we have successfully submitted our Structural package to the city as part of Foundation Only Permit re-submission & working closely with our consultants to complete full Building Package. Also, we are on track to get the Environmental Approval for the project and are also in talks with the Office of Vice Mayor to provide an exception & help us pull the Demolition Permit at the earliest.


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We have completed the Site Construction Fencing and are working closely with our consultants on re-submitting for our Foundation Only Permit and the full Building Package. Also, following up with PG&E and City Planners on early resolution of queries. We are also in talks with the Office of Vice Mayor to provide an exception & help us pull the Demolition Permit at the earliest.


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As informed last week, we are working with our consultants on Structural & Architectural Package comments received last week and on-track to re-submit the packages for our Foundation Only Permit.

We have on-board Shoring & Trash management design consultants to complete with the Building Package. The Site fencing & screening to begin next week on Monday.


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We have received the comments on Structural & Architectural Packages this week and working meticulously with our consultants to re-submit the packages for our Foundation Only Permit and following up with PG&E for design & engineering. We are also working on hiring Consultants for full Building Package Submission.


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As announced last week, we continue to received comments from the City on our Foundation Permit Submission and we are working closely with all our consultants to address them & prepare for the first full Building Package Submission. The 3D interior renderings for common spaces are in progress.


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We have received comments from multiple departments on our Foundation Permit Submission. We are also working on the first round of Building Submission with our Architect. The 3D interior renderings are also in progress and we are working on designing the common spaces.


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We have received the first round comments for the Building submission and already working on it with our consultants. We are awaiting comments for our Foundation Only permit and working on hiring Waterproofing, Building maintenance & other consultants for the full package.


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We are currently awaiting our first round of comments for our foundation only building permit. We are also working on putting the first of our temporary facilities in place in preparation for demolition. 


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We have submitted our foundation only permit package and are currently working with Public Works on the Grading and Drainage Plans and also with PG&E on seeking approved Engineered drawings from them. We are simultaneously working to model the entire structure, mechanical, electrical, plumbing, and architecture so we can, as early as possible, identify constructability concerns.


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We are currently awaiting comments back from the City of San Jose on our Building Permit application. We had submitted our foundation only permit. In the meantime, we are working on our submission for the rest of the structure and also working on our grading and drainage permit.


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We have submitted our building permit package to the City of San Jose. The grading and drainage permit submission is currently underway. Also, the demolition permit is being prepared for submission. In priority, we are working to onboard remaining consultants are making simultaneous efforts to receive construction costing.


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We are preparing to submit our first building submission set next week. We have a preliminary intake meeting with our building reviewer set for next week. In order to optimize the rental value, we made some small adjustments to the floor plans.


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The team is making strides towards submitting the building permit submission set in the next couple of weeks. We are eager to complete further design development and also begin efforts to be able to prepare for demolition and site work.


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We are tracking toward our Foundation Only Building Permit application submission for the beginning of September. Our grading and drainage permit application is currently being revised and we are preparing to submit our second submission. On a day-in and day-out basis, coordination between all disciplines is taking place.


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We are working on coordinating all disciplines for our Foundation Only permit submission. We are also working to resubmit our Grading and Drainage application. Due to the underground parking, shoring will be required to be engineered as a part of the grading plans which we are working on right now. The goal will be to submit the Foundation Only permit towards the beginning of September. 


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We are preparing for our building permit submission. All disciplines have completed their first round of design development and we are currently coordinating the drawing sets. We had a pre-intake meeting with the building department this past week where we set clear parameters for expectations for the upcoming submittal. We are targeting a date in beginning of September for our foundation only permit submission.


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Mechanical, Electrical, Plumbing, Structural, and Architectural disciplines have completed their design development packages and we are currently going through and coordinating the drawing sets. We had a preliminary intake meeting with City of San Jose to clarify pre-requisites and are excited to submit our Foundation permit in beginning part of September.


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We are actively working to complete our first design development set by the end of this week for review by the entire team. We are working on the landscape, structural, civil, utility, mechanical, electrical, plumbing, and architectural drawings. Our grading and drainage application is currently under review. 


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This week we had our first full design review with the entire team including Plumbing, Electrical, Mechanical, Structural, Civil, Landscape, and Architecture. We are targeting a building submission towards the end of the month. Our grading and drainage plans are under review and we anticipate receiving comments in the next couple weeks. Our MEP team is working towards coordination with the Utility Departments and our internal team is also working on bidding the highest risk trades to subcontractors. 


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We had a very productive week kicking off the design development for our 46 unit apartment project with approximately 5,000sqft of retail space. Decisions along with progress will be progressing quickly over the next month as we prepare to submit the Building Permit set to the City of San Jose. We are actively coordinating between Mechanical, Electrical, Plumbing, and Structural. 


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This past week, we signed our Mechanical, Electrical, Plumbing and Energy consultants on board and next week will be conducting our design development kick-off meeting.


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We are working to finalize our mechanical, electrical, and plumbing consultants. We kicked off design coordination with architectural and structural and are working toward submitting to the Building Department. We are also awaiting feedback from the City of San Jose on our Grading and Drainage permit application.


We are working to finalize our mechanical, electrical, and plumbing consultants. We kicked off design coordination with architectural and structural and are working toward submitting to the Building Department. We are also awaiting feedback from the City of San Jose on our Grading and Drainage permit application.


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We have signed on our structural engineer who had our first meeting with the light gauge steel manufacturer. We also conducted interviews for our mechanical, electrical, and plumbing contractors. We have started to begin 3D model coordination. Our grading and drainage plans are also under review by the City of San Jose.


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We have submitted our Grading and Drainage plans to Public Works for review. We have also completed the 3D model review and are currently working to develop the model to include the major building elements. The Building Submission set is making progress and we hope to be able to submit next month.


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We are currently working to finalize our Design Development team while moving full steam ahead on submitting on off-site and on-site grading and drainage plans. Our priorities are to onboard mechanical, electrical, and plumbing in that order to have a better understanding of construction costs associated with these major trades but also to finalize the design for permitting purposes.


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Now that we have Planning Approval, we are working full steam ahead on preparing for our Building Permit submission. We are scheduling a call with the City of San Jose to review building permit submission requirements. We are also working to cost out the highest price tag scopes of work on the project.


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On Wednesday of this week, we passed the largest milestone to date on Winchester. We officially have Planning entitlement. We are currently preparing for our building submission and just submitted our onsite and offsite grading and drainage plans. Over the next week, our focus will be making progress towards having our first round ready to submit. 


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We are scheduled for our Planning Directors Hearing next Wednesday. We are on the agenda as a consent item. Because we are on the consent calendar, we will only be obligated to defend the project should someone oppose it. That presentation would happen in the same meeting itself. The Director at that junction has the ultimate say in the fate of the project. Simultaneous efforts are being made towards signing contracts with consultants that will be required for building permit submission. We are also working on finalizing our grading and drainage permit application.


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We are currently on schedule for April 29th Planning Directors Hearing. Concurrent to finalizing presentation material, we are working on preparing for our Building Permit submission.


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We are currently working with the City of San Jose Planning department on finalizing our documentation in preparation for the April 29th Planning Directors Hearing. The meeting will be taking place over Zoom and we are hopeful that our working leading up to this, will lead to an approval.


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We received the news last week that we are still on for April 29th Planning Directors Hearing. The hearing will take place over video-conference. We are working to clarify remaining small concerns for Planning in preparation for the hearing and simultaneous to that working with our consultants to submit our Building Permit set.


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We have provided the City of San Jose with the required documentation they have requested in the preparation for our Planning Directors hearing. It has yet to be determined how they will be conducting hearing given the extension of the shelter in place. As soon as we have an update we will inform our investor and network base.


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We are currently on schedule for Planning Director's Hearing on April 29th. As of this moment, we have not been told that our date has shifted due to the City of San Jose shut down as of right now. We have revised the plans to reflect no re-zoning in order to avoid having to go to City Council hearing. Over the coming weeks, we are also hoping to make significant progress towards a Building Permit submission.


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The Negative Declaration has been recorded for our Environmental Review. We have been given a date of end of April for our Planning Directors Hearing pending submittal and review of minor correct items from our Planner.  We are working on making corrections and preparing for building permit application.

 

 


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We received the news yesterday that by making minor modifications to the parking, we will be able to expedite the project approval cycle. Instead of going through both Planning Commission and City Council, we may, pending final authorization from the City of San Jose, be permitted to only be heard at Planning Director Hearing which would save significant time in the entitlement process. We are working with the City and our consultants to finalize the course of action.


We are currently awaiting our Planning Commission date from the City of San Jose. The CEQA process along with Negative Declaration has been prepared. We have provided our Planner with the necessary information she needs in order to prepare the agenda. 


Our CEQA Environmental Review was completed this Thursday. We did not receive any major comments. We are working to quickly implement feedback and provide back to the City of San Jose for use in Public Hearing.


The circulation period for our CEQA Initial Study is set to be completed next Thursday. To date, we have received only one formal response to which we have already replied. Concurrent to awaiting for the public review, we are working with our Planner to satisfy her remaining comments.


The circulation period for our Environmental clearance is underway. There is a 20-day public noticing period that is required prior to being heard at Planning Commission or moving forward with Building Permit applications.


On Winchester we have completed our environmental review with the city and have been granted a negative decleration paving the way for setting our city council hearing.  We now are working with planning staff to prepare materials for the presentation and set our hearing date.


Conditions of approval of initial study are circulating next week starting Tuesday. We are simultaneously working with planning staff trying to get as soon as possible public hearing dates.


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The city of San Jose has completed their edits of the CEQA document and we are awaiting public works approval to complete the environmental review process.  We expect to receive this early next week.  We will then get on schedule for our city council hearing.


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Planning staff has returned from vacation and are completing their final CEQA review.  This will be circulated, and revised if neccessary based on their comments, before the process is complete and we can schedule our Planning Commission hearing.


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Planning staff was off the last couple weeks due to the Holidays but we are eager to learn the status of our CEQA document. We have been told that we can expect to hear about our expected circulation date when they return from break. After circulation, there is a revision time, followed by being put on Planning Commission schedule.


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We are still awaiting the environmental review to complete. They have told us that we can expect for review to be completed mid-January. We will be working with our Councilmember and our assigned Planner to try to push the project through in order to be heard at the Planning Commission as soon as possible.


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On Winchester, the City of San Jose confirmed today that they will incorporate all necessary changes to our Initial Study. This will eliminates any future review cycle. They anticipate sending for public circulation early next year. Upon completion of the 20-day review period, we will need to incorporate any changes prior to being put on Planning Commission.


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On Winchester, we resubmitted our initial study for environmental review to the city and they will be completing their review over the next few weeks.  We are pushing hard to stay on our schedule for planning commission early next year.  

In the meantime, we are sending out bid packages to collect proposals from various trades across the project.


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We are working with the council member staff and planning to complete the environmetal clearance process. This is preventing us from being put on Planning Commission agenda. We hope to have this turned out within the next few weeks.


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We are working to complete the CEQA process with the City of San Jose. While there is steady progress, environmental clearance has been very challenging. We are having to redo the Air Quality and Noise study and will be pushing hard this week.


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Environmental has completed their review and have sent it to their supervisor for approval. We had a call with City Council, Planning and Environmental regarding planning commission date and we are currently targeting the beginning of next year.

On 1495 Winchester we have a meeting next Tuesday with planning staff to discuss the timing of our planning commission hearing.  We also are working with the environmental department to ensure that all of our CEQA documentation is prepared for the hearing.


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We are working on Design Development with both the structural engineer and the mechanical, electrical, and plumbing designers. We are eager to receive our Initial Study approval to be put on Planning Commission agenda.


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Our environmental consultant is still waiting on City of San Jose Environmental Department to send their comments. Our consultant will turn around promptly back to City and at that point City should be able to start the initial study process which is a pre-condition to being put on planning commission agenda.


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We are getting final comments on screen check copies. We were told they were sent to the consultant today. We will be re-submittig the final copy early next week and were promised a quick turn around by the city.


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The environmental department is requesting another edit to the initial study report. Our consultant is working on revising it and submitting it next week. Envionmental clearance continues to be the last item preventing us from being put on the planing commission/city council's agenda for approval


Today, we resubmitted our Initial Study to the Planning Department. Once approved, the Initial Study will be circulated for public review for 20 days. At expiration and response to comments, we will be cleared to be put on Planning Commission schedule.

We are waiting on the environmental department for their approval of impact of eliminating office story from the project and bringing residential units lower and closer to the retail floor. We are expecting to receive approval next week which will enable City to start Initial Study to be circulated.


The team made some excellent progress this week with receiving conditions of approval from Environmental dept at San Jose and promtly turning it around. We are now waiting for Initial Study to be circulated. 


We learnt that the TDM plan is approved. We recently had our project reassigned to a different Environmental Planner who will be sending the conditions of approval hopefully next week. At that point the CEQA documents will be circulated. And upon that, we will be put on Planning Commission agenda.


We are currently working with City Council Member's staff and Environmental Department to get the project be put on planning commission agenda.  The City is telling us they are busy and the earliest we might be on Planning Commission Agenda is November. We are trying to push hard to be on Agenda sooner.


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The project is fully submitted to City of San Jose. We are waiting on couple of approvals before Planning Staff can put us on Planning commission agenda. 


The project is fully submitted and the Planner is waiting on 2 internal reviews before we can be put on the agenda for public review / planning commission a. Traffic Demand Management plan b. Environmental Report. 


This project is fully submitted and complete. We are waiting on the city staff to schedule us for the planning commission public hearing.
 

We submitted the final set of plans to the City of San Jose. Now we are waiting on them to schedule us for the Planning Commission and Public Hearing.


We completed  photo simulations of the final design of the building. THese will be used for both CEQA and Planning Department purpose as we prepare for Planning Commission and public hearing. 


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Architect has completed incorporating Renderings and TDM plans into submittal set for the final review of City Planning Staff and to be sent to Planning Commission and City Council Agenda. It will be submitted early next week and we will work with City to get it on agenda ASAP.


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We updated the design to change few elements on the exterior of the building. We also added providing a ride share spot on thep property for a service like GetAround and also shared bike service e.g. Lime. We have support from City of San Jose Staff as well as from Vice Mayor's / Council Member. 


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We are working to satisfy the City Council Member and Vice Mayor's concern of addressing traffic congestion issues. We have reached out to rideshare programs - Lime to incorporate bike sharing and GetAround to provide a parking spot for car share services. 


Met with Vice Mayor's staff in order to receive their support in the upcoming City Council meeting. Agreed to making two minor exterior facade enhancements to improve the aesthetics based on their feedback.

We now have support from the Council Member on the Traffic Demand Management (TDM) plan.


We  have been working with the vice mayor's office to get the support for the project in its current state. Also the City Staff is wrapping up the review of environmental report that was submitted. We are trying to be on schedule for August.

 


In response to our 4 story revision that we had submitted to city a few weeks ago, we have recieved all clear from Public works. There are a few clarifications and comments on the elevation we recieved and we are working on making those changes and re-submit by next week.


We completed our analysis and intelligence on the possibility of adding a residential floor and therefore more apartments, however we believe this would cause an year of schedule slip and bring lot more uncertainity to the project. Hence we are going forward with the existing project of 46 apartments and 1 story of retail with 1 story of underground parking. 

The project is submitted to the city and we are waiting on unofficial support from the city council member's office for the project as it is.


We worked with our council member's office to explore the possibility of adding more apartments on the project by adding a floor back to the property. This will increase the profitability of the project. 


We worked with our architect to add 4 more parking spots to the plan in order to get closer to City of San Jose's demand to improve our TDM plan. We are submitting those changes to city today. We are also working on getting support for our TDM plan from our City Council Member ahead of the Planning Commission and City Council meetings.


Yesterday, we  submitted the plans to the City of San Jose for the revised project with no office floor and elimination of 1.5 floors of underground parking. 

We are negotiating with city on their demand to provide subsidized public transit passes by offering to create 3-4 more parking spots.

 


We are workin with our consultants to submit the revised plan to all the various agencies in the City of San Jose. We are pushing hard and hope to be able to submit next week.


We have reviewed the revised project with the City of San Jose Planning Department and have support from them for the new project. We are targeting a formal submission to all government departments  within next 2 weeks.

 


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The team is working on the revised submital set for the new building design. We expect to finalize the plan and re-submit in 3 weeks.

As a reminder, in the revised plans, there will be elimination of the earlier required office space, as well as the associated parking. This will cut down 1.5 stories of underground parking. Due to this change, project will be delayed by roughly 6 months. However, in our judgment it is the right thing to do because it cuts down the construction cost, and timeline significantly. Also, it eliminates the risk associated with renting out office spaces. The office space included about 12,000sqft. Eliminating 12,000sqft will bring out commercial square fotage to approximately 8,000sqft, or 60% lower than our previous plan.The residentials units will remain three stories bringing the total building to 1 retail/active use commercial space with 3 levels, 46 units, of apartment above. 


We are planning to re-submit the project with elimination of the earlier required office space, as well as the associated parking. This will cut down 1.5 stories of underground parking. Due to this change, project will be delayed by roughly 6 months. However, in our judgment it is the right thing to do because it cuts down the construction cost, and timeline significantly. Also, it eliminates the risk associated with renting out office spaces. We are increasing the sq ft of residential units from approx. 650 sq. ft. per unit to approx. 950 sq. ft. per unit. This will increase the overall rent and the profile of property significantly.
 

We are submitting to City of San Jose for the 4th round of Planning/Review sign off on Monday. We also wanted to let you know that there has been a major change in City of San Jose's Winchester Urban Village Plan which could result in significant cost savings. There is a chance that we can eliminate the entire office floor and associated 60 parking spots or so and hence not just reducing the construction cost but also reducing the pressure to rent out the commercial office spaces. We will keep you posted!


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We  are currently on course for Planning Commission hearing in June. In order for that we are submitting 4th round for final sign off from all agencies. We are starting structural engineering and bid out process for construction.


We are working on parallel tracks in order to get to Planning Commission. Environmental clearance is required and we are working on turning around the last draft prior to public circulation period. In addition, we are working to incorporate any remaining feedback from Public Works or Planning prior to the hearing to ensure we are going in with full staff support.


Our community hearing was this past week and overall went well. This is the first milestone in being heard at Planning Commission. We are currently working to incorporate small pieces of feedback from the community and working to get Environmental approval in order to be put on the Commission agenda. 


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On Winchester, we have received our final round of feedback as it relates to the planning process.  We will be working over the coming weeks to incorporate the planning departments recomendations so as to put us in the strongest position possible heading into our community meeting (March 4), as well as planning commission and city council hearings.


We are now on what we hope to be our final round of feedback from the San Jose Planning Department. We will be hosting our official Community Meeting in early March and will quickly after that be heard at Planning Commission. Once we have Planning Commission approval, we will be put on the agenda for City Council.


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We have submitted our second round submission to the city based on the feedback we received from our first submission.  We are going back out for hard bids based on revised construction numbers and optimizing the building design.  We still have a ways to go before reaching planning commission meeting and public hearing.


The environmental review is making progress with the City of San Jose and we are currently exploring the most efficient parking design. We are working to complete the analysis prior to re-submitting to the City of San Jose.


We have received the first round of feedback from Planning. The largest items are related to setbacks and parking requirements. We are working with our consultants to address all items and will be submitting back to Planning by the end of the month.


Last week, we received comments back from the City of San Jose. We have a meeting set with Planning Staff for next Thursday in order to discuss our project design in order for our design team to have the best understanding of what City of San Jose is looking for in our next round of submissions. In the meantime, we are working to finalize our design development consultants and selection of general contractor.