On October 6, the City of San Jose issued two building permits for a project the city's records call "Trimble B." One covers the "residential & commercial shell," with a reported value of $66.3 million. The other covers its parking garage, at $28 million. Both are filed under 120 Yoshino Way in North San Jose.
The permits don't name a developer. But the name and the scope match the second apartment building at Coyote Creek Village, the 22-acre neighborhood that The Hanover Company and two partners are building on land a Japanese American family farmed for generations. The Hanover building, which comes with ground-floor retail and above-ground parking, was supposed to break ground this spring.
A farm becomes a neighborhood
The site sits at Seely Avenue and East Trimble Road, near Montague Expressway. Eiichi "Ed" Sakauye, who survived a World War II internment camp, once farmed it, San José Spotlight reported. In late January 2025, Hanover paid $78.6 million for 22.2 acres from the Sakauye and Karolewski families, then sold about seven acres to SummerHill Homes for $73.6 million, SF YIMBY reported.
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The Sakauye farmhouse was moved off the site, and the City Council unanimously approved a parkland deal that names the neighborhood's new park after Sakauye, the Spotlight reported in a story republished by Local News Matters. The park is expected to open in 2030.
Ground was broken on the village in May 2025, with Mayor Matt Mahan on hand.
Three towers, one at a time
The plan calls for 1,472 homes in all, according to the Spotlight. Hanover is building three seven-story rental buildings with 1,140 market-rate apartments, SummerHill is building 154 for-sale townhomes, and The Pacific Cos. is building 136 affordable apartments, REBusinessOnline reported.
The first tower, Hanover Parkside or Building A, broke ground last fall and is set to finish in the fourth quarter of 2027. The second, Hanover Coyote Creek or Building B, was planned to start in the second quarter of 2026. The architect's announcement put the three buildings at 397, 372 and 371 apartments, with 1,460 parking spaces between them, and listed the village at 681 E. Trimble Road.
The October permits put Building B next in line. An issued permit clears the way for the work to start.
The city paid to get it moving
Since late 2024, San Jose has been paying developers to restart apartment construction. "Last year we had zero new multifamily housing starts," Mahan said in March 2025, the Spotlight reported. The city's answer was an incentive program that cuts construction taxes in half and waives affordable-housing fees.
Building B was in line for it. The City Council was set to vote on June 23 on $6.25 million in tax and fee relief for Hanover's 372-unit second building, The Registry reported. We could not confirm the outcome of that vote in a second source.
Where the numbers differ
The sources don't agree on everything:
- Project size. The Spotlight and SF YIMBY count 1,472 homes. The Registry calls it a 1,430-unit master plan.
- Address. The news coverage places the village at 681 E. Trimble Road or on Seely Avenue. The permits use 120 Yoshino Way, a street that doesn't appear in any of the coverage we found.
The values on the two permits are what the applicant reported to the city, not contract amounts or the project's full cost.
Against a national slowdown
The permits land in a weak market for apartment construction. Nationally, developers started building apartments in buildings of five or more units at a seasonally adjusted annual rate of 344,000 in August, down 15.5% from a year earlier, Multifamily Dive reported, citing Census Bureau and HUD data. Permits for those buildings ran higher, at 467,000, up 9.4%.
For North San Jose, the next milestones are Building A's completion in late 2027 and the Sakauye park in 2030. The third Hanover tower has no announced start date.
How we count
The permits come from San Jose building permit records and were issued October 6, 2026. Values are the valuations reported on the permits, not contract amounts. The developers, history and schedule come from the news coverage linked here; the link between "Trimble B" and Hanover's Building B rests on the project name and scope, since the permits don't name a developer.
See all of San Jose's latest permit numbers, updated weekly.
Sources
- San José Spotlight, "Housing in North San Jose is underway on former Japanese farmland" (May 16, 2025): sanjosespotlight.com
- San José Spotlight via Local News Matters, "San Jose park replacing historic Japanese farmhouse draws pushback from advocates" (May 11, 2025): localnewsmatters.org
- San José Spotlight, "San Jose policy gives housing developer millions in tax breaks" (March 22, 2025): sanjosespotlight.com
- SF YIMBY, "Developers Purchase Land for Seely Avenue Masterplan, San Jose" (February 2025): sfyimby.com
- REBusinessOnline, "Hanover Co., KTGY Break Ground on Residential Building at 22-Acre Coyote Creek Village in North San Jose" (October 28, 2025): rebusinessonline.com
- KTGY announcement, "KTGY Announces Groundbreaking of First Residential Building at Transformative 22-Acre Coyote Creek Village in North San Jose" (October 28, 2025): financialcontent.com
- The Registry, on the proposed tax and fee waiver for Hanover's 372-unit Seely tower (June 2026): theregistrysf.com
- Multifamily Dive, "Multifamily starts plummeted nearly 16% in August" (September 17, 2026): multifamilydive.com
- City of San Jose building permits 2026-117021-MF and 2026-139260-MF.
More from Morningline Research
More numbers: San Jose, CA building permit activity, updated weekly.
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