Friday, January 10, 2014

Another Costco Coming to South San Jose

An empty 76-acre Edenvale site near Highway 85 and Great Oaks could become the site of another Costco. This is land that used to be part of the IBM/Hitachi campus. In addition to the massive wholesaler, there would be 260,000 SQFT of new office space, ~50,000 additional SQFT of retail, and 720 housing units. The city of San Jose plans for this to eventually become and urban village connected with mass transit.

One surprising side benefit of this development project is that $10 million would go towards the new San Jose Earthquakes Stadium. The money would be used for upgrading the stadium, including an upgraded seating system and riser, and a terra-cotta finish.

Source: SVBJ

9 comments:

  1. An urban village and Costco? Fail.

    ReplyDelete
    Replies
    1. Fail? Not really. You really have to look at the layout of the development to get a sense of how the village and Costco will compliment each other. It's all good and can't wait!

      Delete
  2. Yeah man...people who lives in urban settings have no need for cheap toilet papers. Gosh some of you urbanists are killing me...more like urban-NUTS. We're going to plonk down some 3000 housing units surrounded by existing housing that doubles that number, and if they want to visit Costco to load up on family stuffs on the cheap, now they don't have to drive as far.

    Part of the appeal of the urban village is to have both public transit and daily amenities/conveniences within walking, biking, or 5-minute driving distance.

    ReplyDelete
  3. Normally I wouldn't get too excited about a new Costco but the benefit here is to Earthquake fans. Extra money for the new stadium is welcomed!!!! BTW, they have a Costco in Melbourne docklands in Australia which is part of a multi-year and multi-billion dollar redevelopment (similar to London docklands rejuvenation). It can work when done right.

    ReplyDelete
  4. my worry is the WATER that will be needed to accommodate all these people..... we do not have enough for us.... now we need to bring more in to take away... O.K. I am not nice but think about it... more people???? they keep telling me I live in the Silicon Valley ... and we have money???? again were and how much... a lot of us have been here for years.... now we have people moving in and they spend like crazy ... maybe they do have it ... but some of us are just plain folks... live a simple life an try getting by ..... have a good weekend

    ReplyDelete
    Replies
    1. I'm with the cons.... Water is an issue! It doesn't matter if folks come from other Bay Area locations. Greatoaks Water mostly obtain water from water wells, and on drought years, they increase digging in many ways to acquire more [hint, hint, pothole filled streets = sink holes]. Plus they supplement, by purchasing water from other districts. At the end of the day, water is a commodity and the local consumers pay the hefty bills!
      Oak Village is just another way to increase and collect tax revenues to line the pockets of the special interest groups and local lobbyists. Think about it, who really is benefiting? Certainly, not the common man. And those who are able to pay high rents for expensive closet space-looking apts., just haven't lived long enough to understand the cost of LIVING!
      By the way, Chipotle is pronounced Shi...puddle [a puddle of shi…]. They don't serve Mexican food, its contemporary urban grub for the millennials. Oh, and that Applebee’s, they should have made it a drive-thru only, so darn small. And let’s not forget those darn small parking stalls that dominate the parking lots. Carbon-footprint my foot!

      Anonymous, but you can call me Beto (local cook)

      Delete
  5. What about traffic? It's already getting backed up with the few stores open now. Once the housing and mega-stores open, it's going to be gridlocked.
    It will be handy to have all those stores nearby if you live there - Because you won't be able to leave.

    ReplyDelete
  6. I don't think the water issue is a concern. Won't most of the people who move in be moving from other parts of the Bay Area? They'll be leaving leave cramped quarters for their own new homes--but using the same amount of water.

    ReplyDelete
    Replies
    1. Well, the overall housing supply will go up for the Bay Area. Home vacancy is almost nothing, so likely there will be some increase in overall population and water usage. Will it make or break our water supply issues? I would really doubt it. Plus, with 30% cost increases on water usage coming soon in San Jose, I think many people will be cutting back quite a bit.

      Delete