There has been a lot of news on new residential or commercial development in San Jose, but it has been quiet on the industrial front for quite some time. In fact, there hasn't been an industrial building built in San Jose for 15 years. However, manufacturing is slowly coming back to the US. With more advanced robots and 3D printing technologies in the pipeline, the trend will likely continue if not accelerate in the future.
Trammell Crow has decided to take a leap of faith and speculatively build a massive amount of manufacturing space on the edge of Alviso on 57 acres of empty land formerly owned by Cisco. The first phase will be a single 250,000 SQFT building for high-tech manufacturing. After that, an even larger 325,000 SQFT building will be constructed. Finally Trammel Crow plans to top off the project with 400,000 SQFT of office space between two and three story buildings on North First.
While there is quite a bit of manufacturing space in the North First area, most of the facilities are outdated and are much smaller in sized than what is being planned by Trammel Crow. This could really attract an interesting tenant or two to the Alviso area.