Construction Today - Volume 16, Issue 2 - 157
Residential | THE CORE COMPANIES
THE CORE COMPANIES SPARKS INTEREST BY DELIVERING ON EXPECTATIONS. BY JANICE HOPPE-SPIERS
The Core Companies
he Core Companies is a vertically
integrated real estate development and construction firm that
immerses itself in the communities in which it builds with the goal of
enhancing the overall environment. The
company maintains that mission by creating vibrant new home communities in
San Jose, Calif., that improve its residents'
quality of life.
Founded in 1989 by David Neale, The
Core Companies has developed more than
400 single-family homes, townhomes and
condominiums, as well as 2,960 apartment
units in the South Bay region. The Core
Companies umbrella encompasses Core
Residential, which specializes in market
rate multifamily projects, Core Affordable
that develops affordable housing and Core
Builders, an in-house general contractor.
* Project profile: $50 million
* Headquarters: San Jose, Calif.
* Employees: 30+
* Specia y: Real estate development
"It's a great time to help hape
our urrounding community."
- Chris Enders, development manager
Meeting the Need
The Core Companies began construction in
September on its latest mixed-use development, Sparq. "Sparq is located in downtown
San Jose's SoFA District, which is the hub
of art and entertainment," Development
Manager Chris Enders says. "Our first step
was to reach out to the neighborhood
members, which includes local artists, small
The Core Companies is building
Sparq, a 105-unit mixed-use
complex in San Jose.
business owners and homeowners, to see
how Sparq could impact their lives and the
ways in which we could help to enhance the
San Jose is expected to be the hottest
housing market in the country this year
as the job market continues to surge and
tech companies further expand. "We are
predicting a major boom in downtown San
Jose to continue over the next 10 years,"
Enders says. "Everyone has started to come
in, land continues to get snatched up and
it's a great time to help shape our surrounding community."
Because of the booming market, the
SoFA District has communicated the need
for more housing. The Core Companies
is hoping to solve that need in part with
Sparq while maintaining the essence of the
neighborhood in its development, which
VOLUME 16, ISSUE 2 CONSTRUCTION-TODAY.COM