A vacant lot near SCU could soon see a 4-story apartment building

A small vacant lot near across the street from Santa Clara University could soon be home to a four-story building with dozens of apartments and restaurant space on its ground floor.

The Santa Clara City Council is set to vote Aug. 29 on Kapital Partners’ plan to develop the site, which is located 2655 The Alameda, just south of the SCU campus. The council vote comes after the city’s planning commission itself last month voted to recommend the council approve the development.

The development, which would offer 39 market-rate apartments, could relieve some of the housing pressure for SCU students, said Anjuli Nanda Habbas, a partner at Campbell-based partner.

“For too long, Santa Clara students have been packed into tight spaces on the north side of the campus and charged premium rents,” said Nanda Habbas, who is a double graduate of the university.

The property Kapital hopes to develop formerly housed a Chevron gas station, but that business closed in 1991, and the site has been sitting empty for much of the time since then, according to Nanda Habbas. The memory of passing by the vacant lot everyday as an SCU student inspired Nanda Habbas to pursue acquiring it from Chevron Corp., she said.

Kapital purchased the 0.4 acre property from the oil giant in 2021 for $1 million, according to documents filed with the Santa Clara County Clerk-Recorder’s Office. Shaped like a triangle, the lot sits on the corner of The Alameda before it becomes Market Street.

“I think if someone else without a connection to the school had tried to come in, that it would have been a tougher uphill battle,” Nanda Habbas said. “It’s an unusually shaped lot, so it’s going to take a lot of effort to develop.”

Architectural drawing of 2655 The Alameda site

Illustrative site plan for 2655 The Alameda.

Kenneth Rodrigues & Partners

Kapital plans to construct on the site a mixed-use building with 1,500 square feet of commercial space on the ground floor and the apartments on the three floors above. The structure’s second floor would have a common space area for residents. The project would also have 38 parking spaces, including 24 in an underground garage and 14 in a surface lot.

Mountain View based Kenneth Rodrigues & Partners designed the building. Swenson Builders is the general contractor on the project.

Assuming the City Council approves the project, Kapital, which intends to own and operate the structure, plans to begin construction early next year, Nanda Habbas said. It expects to complete the building by the end of 2025.

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