Ivanhoé Cambridge JV Opens 518-Unit San Jose Community
In 2018, Wells Fargo Bank provided a $137 million construction loan for the project.
A joint venture between Ivanhoé Cambridge and Shea Properties has completed and opened Sixth & Jackson, a 518-unit community in San Jose, Calif. Partners on the project included general contractor Swenson Builders, architecture firm Ankrom Moisan and CDC Designs as the interior designer.
In December 2018, the joint venture landed a $137 million construction loan provided by Wells Fargo Bank, Yardi Matrix data shows. Construction on the two-building property started in January 2019.
The pair of six-story buildings encompass studio, one-, two- and three-bedroom layouts, together with 19,000 square feet of ground-floor retail space. Apartments range between 457 and 1,718 square feet, featuring quartz countertops, washers and dryers, along with private balconies and patios in select units.
Common-area amenities at the 3.8-acre property include a swimming pool and spa, clubhouse, fitness center, coworking space, as well as a hammock garden and outdoor lounges. In addition, the community features more than 820 parking spaces and EV charging stations.
Located at 620 N. 6th St. in the Japantown district, the community is adjacent to Heinlenville Park. San Jose Made shopping mall is within walking distance, while San Jose Market Center and downtown San Jose are within a 2-mile radius. San Jose Mineta International Airport is some 3 miles away. The property is also less than a mile from Vespaio, a 162-unit community that traded earlier this year.