The developer of apartments in San Jose has allocated a large loan for the construction of houses



SAN JOSE – A large residential project next to the Winchester Mystery House that will bring hundreds of homes to San Jose has received the money needed to build the complex, public records show.

Hanover Co. is building a 366-unit apartment complex on South Winchester Boulevard between Interstate 280 and Olsen Drive.

Texas-based Hannover received $ 127.1 million in funding from Canada’s Otera Capital Investments, according to filings with the Santa Clara County Registrar.

With funding support, Hannover began construction of a seven-story residential building at 500 Charles Cali Drive.

In July, Hannover paid $ 28.4 million for 3.45 acres of land on which the company is building apartments designed by architecture firm KTGY.

KTGY said it designed the apartment with a couple of nearby historic landmarks in mind: the Winchester Mystery House and the Century 21 domed cinema.

“This is a community where historical elements are harmoniously combined with modern elements,” said Fred Metzger, design director at KTGY.

Winchester Apartments are also close to Santana Row, a mixed-use office, store, restaurant, residential, entertainment and residential center.

The apartments are being built next to the residential complex, which will be implemented by Pulte Homes.


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