Boston Properties is planning to add two new large buildings to their Innovation Place business park in North San Jose. Each would be a quarter million square feet. The best part is that they already seem to have a tenant to occupy the space, rumored to be Broadcom. This would double the size of the current campus from 543,900 SQFT to over a million SQFT. The two buildings would replace an existing parking lot, while parking would be moved to two new structures.
Unfortunately, Boston Properties will have to go through the city planning process all over again for entitlements to build the project since their previous entitlements to expand the campus expired. While this project is not as sexy as some of the mixed use projects we have seen lately, it would provide critical Class A office space to North San Jose that is needed to maintain momentum in this economy.