SAN JOSE — The site of a busy taqueria in downtown San Jose has been bought by a developer that is constructing a striking residential tower across the street and wants to be sure residents of the future housing complex have access to vibrant merchants nearby.

Bayview Development Group, acting through affiliate Sunstone Fund III, has bought the property where Agave Taqueria & Cafe is located near South Fourth and East Santa Clara streets.

The property is one of several that San Jose-based Bayview Development has purchased on or next to East Santa Clara Street and across from the Miro housing high-rise that the company is building.

“Bayview Development Group firmly believes in the future of the downtown core and will continue to thoughtfully invest in new construction and preservation of the existing urban fabric,” said Matt Conti, Bayview’s vice president of development.

The developer is betting it can do more than build two big residential towers in downtown San Jose. After the housing project is built, Bayview aims to assure that an attractive and lively retail scene will be maintained across from the Miro complex. San Jose City Hall is also across the street.

Bayview Development paid $1.85 million for the taqueria property, which is at 17 S. Fourth St. The purchase was arranged through Greg Bennette, a broker with Cushman & Wakefield, a commercial real estate firm.

The Miro housing development is rising across the street, a 630-unit complex of two residential towers that are expected to be a landmark addition to San Jose’s downtown skyline.

Bayview has also bought two other properties near the Miro and the Agave Taqueria.

In February, Bayview bought a historic brick building at 148 and 150 E. Santa Clara St. where prominent and popular 4th Street Pizza operates. The developer paid $4.5 million for the property.

That deal was followed up in July when Bayview bought a retail building with addresses ranging from 130 through 134 E. Santa Clara St., buying this site for $2.4 million.

“We think this neighborhood, this part of downtown San Jose, is heading in a good direction,” Ted McMahon, chief investment officer with Bayview Development, told this news organization in July. “This is a neighborhood with a lot of potential.”

Another busy developer, Gary Dillabough, has been buying and redeveloping properties along Santa Clara Street in the vicinity of First and Second streets and elsewhere, aiming to create vibrant sections of downtown San Jose.

Separately, in August, Urban Catalyst paid $15.9 million for the property where a gas station is operating. Urban Catalyst was formed to establish and guide an investment fund that can capitalize on the tax savings made possible by opportunity zones such as the ones in downtown San Jose and parts of Oakland.

Urban Catalyst is planning a 230-unit housing tower at the Chevron gasoline station site.

The 630 residential units in the Miro towers are expected to be available sometime during the first three months of 2021, Bayview Development said.

“We’re excited to see and be a part of the positive changes along the East Santa Clara corridor from 1st to 6th Street,” Conti said.