SAN JOSE — The high-profile Vietnam Town commercial center near downtown San Jose is poised to add a medical services facility for senior citizens.
An adult day care center is slated to be developed within a large, empty building in Vietnam Town, a well-known commercial complex in the Little Saigon district near the corner of McLaughlin Avenue and Story Road, documents on file with city planners show.
The proposal envisions a health care complex totaling 45,200 square feet at 939 Story Road, according to documents on file with city officials. The proposal was slated to be granted final approval by city planners at a meeting on Nov. 15.
Northeast Medical Services, a nonprofit whose affiliate owns the property that will accommodate the health care facility, proposed the development, documents on file with the city and Santa Clara County show.
The nonprofit’s affiliate bought the property in June 2022, paying $20 million for the site in an all-cash transaction.
Vietnam Town Property sold the building to the nonprofit’s affiliate. The property is in the northwest corner of Vietnam Town, a center of shops, restaurants and offices.
The seller originally purchased the entire Vietnam Town site in 2014 in the wake of the bankruptcy of a prior owner of the commercial center and the foreclosure on a loan for the property.
Over the years since Vietnam Town Property bought the entire center, the company has sold scores of small commercial condominium parcels that make up the complex.
The small sites were marketed to merchants who preferred to own rather than lease their business locations. The sites also were marketed to real estate investors who wished to own small properties.
The building that the nonprofit bought for the health care center was developed by Vietnam Town Property in 2018.
Northeast Medical Services (NEMS) will use the building as a site for health care directed toward the elderly, which is the primary focus of the nonprofit’s NEMS PACE program.
“PACE is a nationally recognized model of care for older adults with chronic health needs,” Northeast Medical Services states in a post on its website.
The nonprofit’s health care offerings for senior citizens are custom-tailored for each recipient of the services, the organization states. Clients have access to a team of health care professionals through the NEMS PACE program.
“The care team works together to develop a comprehensive and personalized care plan to meet your unique medical, social, and emotional needs,” Northeast Medical Services says in the web post.
