Urban Catalyst, a multi-asset opportunity zone fund based in San Jose, Calif, announced a joint venture with Thang Do, FAIA, CEO of San Jose-based Aedis Architects, to develop a property in downtown San Jose. Two potential project concepts include a senior living facility and a mixed-use building. Officials hope that a senior living project would help to ease the shortage of local senior housing, specifically in the assisted living and memory care categories. The partnership with Do adds to Urban Catalyst’s development effort in the downtown San Jose Opportunity Zone. The company is on track to acquire a diverse set of projects in the downtown core as it closes in on its goal of raising $250 million.
