SAN JOSE — An affordable housing tower that would produce hundreds of units in San Jose is set to break ground in early 2026 now that the project has landed all the financing that’s needed to construct the high-rise.

The 220-unit project, whose residences will all be affordable, is located at 470 South Market St. in downtown San Jose, according to The Core Cos., a Bay Area real estate firm that is leading the project’s development.

“Gateway Tower will not only fill an urgent need for housing, but it will also contribute to the revitalization of San Jose’s downtown area,” said Chris Neale, president of The Core Cos.

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Core Cos. intends to launch construction of Gateway Tower during the January-through-March first quarter of 2026, according to Neale. A joint venture of Bui

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