Sometime next year Federal Realty is hoping to break ground on a massive 535,000 SQFT office space expansion that will bring over 1,000 jobs to the area. This will include two huge office buildings--one seven stories and the other eight stories--and a building beside the CineArts movie theater that would include 30,000 SQFT of retail space and an open public courtyard. If you are tired of fighting for parking at Santana Row, the additional 2,500 parking spots including in this project will be a big help.
If all goes according to plan, Federal Realty could have approval by the middle of 2014 and break ground right away, even if they do not have a confirmed tenant for the office space. The current office space at the Row is 100% leased and if the build this new space speculatively it will likely not stay empty for very long.