Crescent Parc Townhomes

 

 
 
       
Thirty-nine of these 62 townhomes have City second mortgages, enabling moderate-income families to become first time homeowners, and providing twelve San José school teachers an opportunity to purchase brand new homes using the Teacher Homebuyer Program. This complex is one of three developed on a former Sears Department Store site (see Parkview Family Apartments and Parkview Senior Apartments). A two-acre City-owned park will complete this new community at Midtown.  
       
       
Completed:   2001-02  
Location:   Auzerais Avenue between Meridian Avenue & Race Street  
Unit Mix:   62 units; 39 mod/23 mkt rate  
Unit per Acre:   43.0  
Developer:   Green Valley Corporation  
Architect:   Barry Swenson Builder Architectural  
General Contractor:   Barry Swenson Builders  
Property Manager:   Homeowners Association  
Financing:   City of San José - $2,552,000;  
    Other Partners - $12,500,000  
 
Total Funding:   $15,052,000