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Urban Catalyst, an Opportunity Zone fund focused on downtown San Jose, has purchased one of the last remaining gas stations in downtown and plans to build a mixed-use residential tower in its place.
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At the corner of Santa Clara and Fourth Streets, right across from City Hall, a massive twin-tower apartment building is already under construction. And across the street from that, the Chevron gas station was just purchased by an investment development group called “Urban Catalyst.”
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A gas station at a prominent downtown San Jose corner has been bought by an increasingly busy development company that plans to construct a housing tower with hundreds of residential units.
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