Xilinx has recently sold a 34-acre site in Edenvale to one of the largest operators of data centers in the US, Equinix. The company is planning to build a brand new data center in the area bound by Santa Teresa, San Ignacio Avenue, Via del Oro, and Great Oaks Boulevard. This will be the first major new construction project in the area in years.
There seems to be some downside since a data center won't bring as many jobs as a traditional office building. However, the project will bring much-needed property tax dollars to the City of San Jose while having a minimal impact on traffic and infrastructure... not a bad deal at all.