SAN JOSE — An affordable student housing tower that was converted from a hotel high-rise is now officially owned by San Jose State University with the completion of an $89.1 million deal for the prominent property.

Spartan Village on the Paseo, located at 184 South Market St. in downtown San Jose, was sold by an affiliate of Throckmorton Partners. Throckmorton bought the 264-room hotel tower for $73.1 million in 2023. The Spartan Village property was the southern tower of the Signia by Hilton San Jose hotel, which continues to operate next door as a 541-room lodging hub.

After its purchase, Throckmorton redeveloped the hotel and transformed it into a residential hub for SJSU students. The student housing opened as Spartan Village on the Paseo in August 2024.

A grant deed that transferre

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