Three of the four homes are in non-contingent contracts, and we are pushing hard to get the last home sold. The long pole in the project continues to be PG&E as we are awaiting final installation of electrical and meter set for all four homes. We have escalated to and are working with a senior project coordinator to ensure this gets completed as soon as possible.
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Location! Location! Location! The newly to be completed modern courtyard home by renowned builder, Aron Developers, features 4 bedroom, 2.5 bath, 1679.5 sq ft living space. High quality designer materials and workmanship throughout this bright, open floor plan. Close to Santana Row, Stevens Creek, Hwy 280 & 17, easy Silicon Valley commute. Beautiful white oak hardwood floors. Chef’s kitchen with quartz countertops, backsplash, large island. Top stainless steel kitchen appliances. Large master suite, contemporary bathroom design. Central air conditioning. Premium Milgard windows, plus more!
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Construction Updates
The homes are now almost complete. The majority of the work that remains is related to the utilities and the site work. We are currently working to grade the site and to begin PG&E work. We are also waiting on the scheduling of SJ Water to install permanent water service for the four homes and irrigation. Currently, San Jose Water and PG&E are the long pole in the completion of the project followed by occupancy and closing of three of the four homes.
On the exterior, paint is complete on two of the four homes, along with gutters and windows/doors having been installed. On the interior, cabinets and counters are installed and all tile work is now complete.
Upcoming taks are interior paint getting completed followed by flooring installation. We are about to begin site work including site concrete, utilities and drive way.
Our target date to close escrow is late April. The long poles remaining to complete on this timeline is PG&E and San Jose Water
The four foundations and garage slabs are now poured. The framing crew is now working to layout walls. The objective is to have first floor walls standing 10/24. We are also working closely with the listing agent on the property. We are excited by the early interest we have, and with disclosures now complete, will begin accepting offers.
Underslab plumbing is now complete. Base rock and waterproofing is making progress and we are currently a few weeks away from pouring the slabs.
We are live on MLS with all 4 homes:
https://www.redfin.com/CA/San-Jose/356-Cypress-Ave-95117/home/885855
The other listings can be found under 358, 360, and 362 Cypress.
We have some great early interest that we are hoping will cultivate over the coming months. Regarding the construction, foundation layout is in progress and will be working on plumbing and electrical trenching next week.
The site is currently being prepared for concrete work. We are working with the General Contractor to tabulate bids from Subcontractors. In addition, we are working with the Architect and Structural Engineer to make multiple plan modifications that were discovered as Value Engineering options during the bidding process.
Grading work is currently in progress and should be wrapping up shortly. Starting next week, our goal will be to have the concrete contractor begin work on forming the four slabs.
Demolition is complete. This coming week, we will be pulling the Building Permit and beginning rough grading. The marketing material is complete and can be viewed here: https://www.arondevelopers.com/properties/360-s-cypress-avenue. We will be working closely with the listing agent over the coming weeks to prepare a go-to-market strategy.
We are waiting on Public Works approval prior to pulling the building permit. All material selections have been finalized with our Interior Designer and Listing Agent. Next week we will start to produce renderings in preparation to bring the homes to MLS for presale.
We resubmitted the Final Parcel Map to Public Works last week and are eagerly awaiting their review. Public Works will be the last department to sign off. Finish material selections are almost complete and will be reviewed with the listing agent mid-June so we can start interior renderings and complete disclosures in preparation to list the homes.
Site remediation is complete, site staging is complete, and finish material selection is in full swing in preparation to break ground. We are still waiting on Public Works approval as the last stage to being able to pull the building permit.
We have received approval from the Building department at the City of San Jose and are currently just waiting on Public Works, Planning and paying fees before we can pull the building permit. Remediation, fencing, and temporary utilities and facilities were mobilized on-site this past week in preparation to begin construction as soon as the building permit is approved.
We have received City of San Jose's comments and responded to them. We have resubmitted and are awaiting comments.
We have almost completed responding to the City of San Jose's Building comments. We are aiming to resubmit early next week. Contractors are bidding on the project and we are working to finalize interior finishes.
We received the Building Department comments back from the City of San Jose and are currently working with our consultants to address. We are still waiting on comments from the other departments. We have made good progress on addressing their concerns to date and are hopeful to resubmit as soon as we have all comments back.
We are eagerly waiting to receive first round comments on our building submission by the end of this week.
We have also submitted for the final parcel map approval and recording with public works.
In the meantime, our team is working to prepare the material selections for the interiors so we can hit the ground running with marketing material.
We received comments back from Public Works and have been in close communication with our assigned Planner. Our next milestone will be to complete design development and to be put on the schedule for Public Hearing. We have also completed updating our exterior elevations and have finalized the floor plans. Both our listing agent and our contractor have been very active in this effort in order to keep a close eye on the return on investment.
As we wait for City of San Jose comments back, we have finalized the floor plans and our Architect is currently working to revise the exterior elevations. We are also making great progress bidding the project out to Contractors.