A North San Jose office complex could give way to hundreds of homes, reshaping the look and feel of the busy Baypointe intersection. A developer has floated plans to scrap the office building at 3550 North First Street and replace the site with a mix of apartments and for-sale townhomes. The concept is still in its early stages and would need to clear several rounds of city review before anything is allowed to rise.
Preliminary plan calls for 444 homes
SummerHill Homes has filed a preliminary proposal that envisions 444 homes spread across roughly 5.9 acres at the corner of North First Street and Baypointe Drive. The early blueprint calls for 373 apartments classified as affordable housing and 71 for-sale townhome condominiums. Those numbers were reported by The Mercury News.
LBA paid $18.5 million for the office
An affiliate of LBA Realty bought the Analog Devices office building in an all-cash deal for $18.5 million in February 2025, according to industry reporting. That price, about $240 per square foot, came in well under the property’s assessed value at the time and has been cited as a sign of continued softness in Silicon Valley’s office sector. The Real Deal covered the purchase and its broader market context.
Most units would be affordable
Under the current concept, most of the new homes would be income-restricted apartments, while the townhomes would be offered for sale to individual buyers, according to The Mercury News. If the project secures approvals, the site would become one of the larger sources of below-market housing in North San Jose. The developer’s early submittals, along with the city’s preliminary intake, leave room for changes to the architecture and the unit mix as the plan moves through review.
Part of a broader office-to-housing shift
Across the Bay Area, developers are increasingly eyeing underused or empty offices as potential housing sites while leasing demand lags, and North San Jose is no exception. The area has already seen multiple private proposals to convert or replace office space with new homes. SummerHill is active nearby, including a separate Baypointe project that would add hundreds of residences, as reported by San Jose Spotlight. Industry coverage has linked this kind of deal-making to a softer office market, according to The Real Deal.
What comes next
The filing is listed as a preliminary proposal with city staff, which means it still has a long road ahead. The project will require formal intake, environmental review and public hearings as part of San Jose’s entitlement process. The City of San José Planning Division outlines the typical application, review and approval steps that developers must navigate before any construction can begin, and community outreach is usually scheduled along the way.
