188 W Saint James Street Condos Relaunching Sales in February 2026

Downtown San Jose’s condo market is preparing for a notable shift. Sales at 188 W Saint James Street, formerly known as Fountainhead Apartments, are officially relaunching in late February 2026, and the implications could be meaningful for buyers, sellers, and anyone tracking high-rise values downtown.

This update follows the widely reported bulk acquisition of the building, where roughly 600 condos were purchased for approximately $181.9 million, averaging close to $360,000 per unit. That pricing immediately caught the attention of the downtown condo market.

Sales Relaunch Confirmed by Building Management

I recently received direct confirmation from the building’s management regarding the upcoming relaunch. Below is the exact message shared with me:

“Happy New Year! I hope you had a wonderful holiday season. We are excited to share that we will be officially relaunching sales at the end of February 2026. Stay tuned for more details!”
Centurion Real Estate Partners, LLC

This confirms that individual condo sales are returning to the market, rather than the building remaining under a single bulk ownership structure.

Why the February 2026 Timing Matters

Late February places the relaunch squarely into the start of the spring buying season, which is traditionally when buyer activity accelerates. This timing strongly suggests a coordinated release strategy rather than units quietly appearing on the market over time.

For downtown San Jose, where resale inventory has remained relatively tight, this could introduce a new dynamic into the downtown high-rise condo market.

Pricing Could Pressure Downtown Condo Comparables

Pricing remains the biggest unknown. Comparable downtown towers such as The Axis Condos and The 88 Condos regularly see studios selling above $450,000, with two-bedroom resale units commonly listed near or above the seven-figure mark.

If renovated units at 188 W Saint James Street are released anywhere near the building’s bulk acquisition basis, even after accounting for upgrades, they could impact the market in several ways:

• Undercut existing resale listings
• Apply downward pressure to comparable units
• Reset buyer expectations for downtown condo pricing

HOA Documents Will Matter More Than List Price

For serious buyers, the most important information will not be the list price, but the HOA disclosures. Key items to review closely include operating budgets, reserve funding levels, planned capital improvements, and the depth of early inspection and disclosure packages. These details will ultimately shape long-term ownership costs and resale stability.

Construction Defect Risk Remains a Factor

As with nearly every California high-rise, construction defect exposure remains part of the equation, particularly within the first decade after occupancy. This is not unusual and has become standard across many newer developments.

What will matter most is how proactively the current ownership addresses inspections, repairs, and transparency. That approach will play a major role in buyer confidence and long-term value.

What This Means for Downtown San Jose

The relaunch of sales at 188 W Saint James Street has the potential to be one of the more impactful events in the downtown condo market in recent years.

Depending on execution, this could either create a rare value-driven entry point into downtown living or serve as a reminder that pricing, disclosures, and long-term planning matter just as much as location.

As February 2026 approaches and additional details are released, this is a building worth watching closely for anyone interested in San Jose Condos For Sale.