San Jose auditorum hall is bought, could become future housing site
The property is near a future BART station in San Jose.
SAN JOSE, Calif. — A busy developer has purchased a public hall in San Jose near a future BART station site, with the possibility of high-density housing on the property.
According to public property documents filed in Santa Clara County, Intelli, an affiliate led by San Jose-based business executive Do Van Tron, has purchased Nova Alianca Hall.
Intelli paid $2.4 million for the building at 37 North 27th Street, which also has a frontage on North 26th Street.
The property is a few blocks away from a future BART station, which would be built near North 28th Street and East Santa Clara Street.
“In the future, this could be developed,” Tron speculated. “It could become high-density housing.”
According to county records, Sociedade Filarmonica Nova Alianca sold the property to Intelli. The organization is a Portuguese marching band founded in 1974 in San Jose, Costa Rica.
“There’s potential to build 80 units” on the site, according to Tron.
The concept of high-density development of homes, offices, and retail near the 28th Street/Little Portugal BART station is supported and encouraged by San Jose planners and the Santa Clara Valley Transportation Authority.
The 28th Street train station is the next BART station to be built and opened, with stations in downtown San Jose expected to follow later.
“Tron is planning for the future,” said David Taxin, a partner at commercial real estate firm Meacham/Oppenheimer. “He’s a thinker. He sees this location’s potential.”