Some good news is that there is already a billion dollars worth of development in the queue:
- 3 million sqft of office/R&D
- 800 high-rise residential units
- 600,000 sqft of retail
In addition, to fill up vacant space in Downtown San Jose the city is planning to waive permitting fees and business licensing fees for properties where landlords are willing to discount rates to new lessees for a one year period. These incentives would apply to tech startups, retail stores, or restaurants.