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Core Companies proposes 44 for‑sale townhomes for remaining Agrihood parcel in Santa Clara
Summary
Core Companies is seeking city approval to replace a previously approved 160‑unit apartment parcel at the Agrihood site with 44 for‑sale townhomes, including six below‑market‑rate units; developers said financing and rising costs make the apartment plan infeasible and they expect Planning Commission hearings in early 2026.
Core Companies on Thursday presented a revised plan for the remaining 1.7‑acre parcel at the Agrihood development off Winchester Boulevard in Santa Clara, proposing 44 for‑sale townhomes in place of a 2019 approval for about 160 rental apartments.
Jim Sullivan, representing Core, said the company submitted the revised plan in June and that higher interest rates, pandemic disruptions and rising construction costs have made the originally approved apartment project financially infeasible. "We decided that we would look at amending what was originally approved to change the 160 apartment units to 44 for‑sale townhomes," Sullivan said.
Under the proposal, the developer would build five smaller buildings with lower heights and…
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