Apple has quietly been acquiring 86 acres of land in North San Jose stretching from Highway 101 all the way to North First Street. Finally, it sounds like their master plan is coming together. While Apple has not submitted a formal proposal for a project, they have come to a development agreement with the City of San Jose that would allow a staggering 4.15 million SQFT of development. This scale would surpass even the Apple Campus 2 project in Cupertino (the giant spaceship).
If even half of that gets built, it would have a dramatic impact on San Jose's tax base, the balance of housing/jobs in the city, and our overall brand. The only negative that stood out to me is the elimination of the height requirement on North First Street (105-feet). That means Apple will likely opt for 4-6 story buildings instead of pushing the limits of office campuses like Samsung did with their San Jose headquarters. I'm sure we'll be hearing a lot more about this one in the future.