December 10, 2023

SAN JOSE — The high-profile Vietnam City industrial heart close to downtown San Jose is poised so as to add a medical companies facility for senior residents.

An grownup day care heart is slated to be developed inside a big, empty constructing in Vietnam City, a widely known industrial complicated in San Jose’s Little Saigon district that’s close to the nook of McLaughlin Avenue and Story Street, paperwork on file with metropolis planners present.

The proposal envisions a healthcare complicated totaling 45,200 sq. toes at 939 Story Street in San Jose, in response to paperwork on file with metropolis officers. The proposal was slated to be given remaining approval by metropolis planners at a gathering on Nov. 15.

Northeast Medical Providers, a nonprofit whose affiliate owns the property that can accommodate the healthcare facility, proposed the event, paperwork on file with the town and Santa Clara County present.

The nonprofit’s affiliate purchased the property in June 2022, paying $20 million for the location in an all-cash transaction.

Vietnam City Property offered the constructing to the nonprofit’s affiliate. The property is within the northwest nook of Vietnam City, a middle of outlets, eating places and places of work in San Jose.

The vendor initially bought your entire Vietnam City website in 2014 within the wake of the chapter of a previous proprietor of the industrial heart and the foreclosures on a mortgage for the property.

Over time since Vietnam City Property purchased your entire heart, the corporate has offered scores of small industrial condominium parcels that make up the complicated.

The small websites have been marketed to retailers who most popular to personal relatively than lease their enterprise places. The websites additionally have been marketed to actual property traders who wished to personal small properties.