Monday, November 4, 2019

KT Urban proposes a 1.15 million SQFT tower

A prolific developer is looking to transform a corner at Almaden and Woz way into either an office or residential project, or perhaps even a combination of both. They have a preliminary site development plan with three options for the 2.6-acre parcel:

1.) All-office: 20-story, 1.15 million SQFT office tower with 977,000 SQFT of net office space.
2.) Mixed-use: 27-story office ower with 500,000 SQFT of net office space and a 27-story residential tower with 300 residential units and 300 hotel rooms.
3.) All-residential: A 27-story residential tower with 750 units.

I'm most excited by option 2, but honestly any of these three would be an asset to the Downtown San Jose area. KT Urban is working to secure city approval by the fourth quarter of 2020 and there is no publicized target date for construction.

Source: SVBJ

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