University Gardens I & II

 

 
 
       
Moderate-income first-time homebuyers are attracted to these Mediterranean-style condominiums with underground parking and security access systems. University Gardens I was developed by Fountain Lane Properties, and University Gardens II was completed by Green Valley Corporation. A third phase involved the rehabilitation of an historic orphanage building into for-sale condos (See Siena Court).  
       
       
Completed:   1991-92  
Location:   Martha Street between 11th Street & 12th Street  
Unit Mix:   139 units; 35 mod/ 104 mkt rate  
Unit per Acre:   39.8  
Developer:   Fountain Lane Properties/Green Valley Corp.  
Architect:   Carrasco & Associates  
General Contractor:   Barry Swenson Builder  
Property Manager:   Homeowners Association  
Financing:   City of San José - $2,800,000;  
    Other Partners - $11,400,000  
 
Total Funding:   $14,200,000