The Grad San Jose, a housing tower that consists of a 19-story, 260-unit L-shaped building at 88 East San Carlos Street in downtown San Jose, concept.SAN JOSE — A prominent San Jose housing tower that opened just a few years ago is up for sale at a time when the market for apartments has begun to wobble in the face of some economic uncertainties.
The 19-story tower includes 260 student housing units that collectively contain 1,039 beds, according to a post on the website of Amcal, a real estate firm. Amcal specializes in the development of affordable housing for students and middle-class workers. The L-shaped housing tower was developed through an alliance of Amcal and Swenson, a veteran San Jose-based real estate developer and builder. The Amcal and Swenson team completed The Grad in 2020.
The deck offers a place to relax and unwind as well as a private area to study in a quiet setting, according to the sales package. After the jump in interest rates, the average price for apartment buildings that were sold was $520,700 per unit, based on selected Bay Area transactions that were completed in 2024 and in the final three months of 2023.San Jose OKs new protections for tens of thousands of mobile home park residents
The housing tower also includes 14,900 square feet of ground-floor retail, JLL states in the brochure.