Matt Mahan Of The City Of San Jose Acquires Development Site From Erik Hayden For $3.6M

The development site located at 26-36 South 1st Street in San Jose, CA sold for $3,600,000. The property spans 11,200 square feet, resulting in a price per square foot of $321. This site is associated with Urban Catalyst's planned 276-unit Gifford apartment project, which is anticipated to commence in 2027, subject to an appeal. The historical significance of the building dates back to 1889.

Summary of transation details:

• Property Type: Development Site
• Transaction Amount: $3,600,000
• Address: 26-36 South 1st Street
• Market: San Jose, CA
• Square Footage: 11,200
• Price per Square Foot: $321
• Buyer: Matt Mahan - The City of San Jose
• Seller: Erik Hayden - Urban Catalyst

Matt Mahan represents the City of San Jose in the acquisition of the property, while Erik Hayden represents Urban Catalyst as the seller. This transaction highlights the involvement of key individuals in the real estate development and municipal sectors.