Scott's Seafood is expanding to a banquet space on 4th Street in Downtown San Jose

Scott's Seafood is one of my favorite restaurants Downtown. However, I still do miss it's old location that was on top of the City Plaza parking structure, overlooking Plaza de Cesar Chavez. It was one of just two places Downtown where you could enjoy an elevated view with your meal, the other being The Capital Club--which is not easy to get into.

Fortunately, Scott's is expanding to the roof of another parking structure. The space was previously used by the San Jose Rotary on top of the 4th Street Parking structure. Now it is called the Fourth Street Summit Center and will be managed by Scott's Seafood. It's located at 88 S 4th Street on the 7th floor.

The ballroom has floor-to-ceiling glass windows, two open-air balconies, and a variety of spaces. Indoor capacity is a whopping 450 people. Unfortunately it will only be used only for events, not everyday dining.

You can learn more about the space over here.

New Costco mixed-use concept adds residential housing

Costco already sells everything else in bulk, why not add apartments to the list and help out with our housing crisis? That is exactly what they are doing in LA (Baldwin Village/Crenshaw area in South LA).

The new concept combines a 185,000 SQFT Costco Wholesale store with 800 residential units, 184 of which are set aside for low-income renters. The units are all contained in a five-story mid-rise building on top of the Costco along with amenities like a basketball court, lounge areas, and multiple courtyards. To make it as affordable as possible, the apartments are on the smaller side and are mostly prefabricated and installed in modules like Legos.

The parking for both the Costco and the residential units are all underground across multiple levels. In fact, they will dig almost as deep as the building is tall. The project also happens to be close to transit, although that might not be the best option if you are purchasing bulk items.

What is relevant for San Jose is they plan to roll out this concept outside of LA in the near future. San Joseans love their Costco's and we are about to get our first one with parking on the roof so that it can fit in a more urban area (West San Jose). So the question is, would this mixed-use concept make sense in San Jose? It could be a relatively quick way to add large amounts of housing by remodeling existing locations or as part of future Costco projects in Silicon Valley.

Source: SF GATE

Exciting new restaurant coming to Downtown San Jose's 50 West San Fernando building

The owners of Waterbar and Epic Steak in SF and Hurrica in Redwood City are going to build a new 4,000 SQFT restaurant on the ground-floor of 50 W. San Fernando. This was previously the location of KQED offices. Instead, this prime corner in between the San Jose Museum of Art and the Signia Hotel (formerly Fairmont San Jose) is going to become a new flagship restaurant.

There is not a lot of information yet on the restaurant but we do know it will offer lunch, happy hour with specialty cocktails, and dinner. The source article also mentions that it will be an indoor outdoor concept, which is perfect for San Jose weather. That likely means that the windows will be replaced with glass doors that fully open and the outdoor seating will open up to the Circle of Palms. This area also happens to be used for the ice skating rink during Christmas in the Park, so it will be interesting to see how the restaurant will function during the holidays.

The building used to have a coffee shop called Crema using part of this space, but I think it will be much better suited for an upscale full-service restaurant. The building also hosts the Capital Club on the 17th floor, which has a private restaurant and two large outdoor balconies. It's also the only restaurant on top of a high-rise in San Jose and anyone will be able to check it out during Dine Downtown Restaurant Week (more on that soon).

Source: SiliconValley.com

New mural by the Children's Discovery Museum in Downtown San Jose painted by acclaimed local tattoo artist

A beautiful new mural has been completed along Discovery Meadow, part of the Guadalupe River Park. As a frame of reference this is right outside the Children's Discovery Museum Downtown. The artist is Taki "Ryudaibori" Kitamura, a Japanese-American tattoo artist that founded State of Grace Tattoo in San Jose's Japantown.

The mural is entitled "Serpentine Fire" and is the twelfth mural added to the Guadalupe River Art Walk, enhancing what has become the Bay Area's longest public art corridor. The mural celebrates the year of the dragon and the multiculturalism of San Jose.

Below are several photos of the mural (credit to Lan Nguyen Photography) along with the full press release.

June 21, 2024: San José, CA – New mural painted by local artist and longtime tattoo shop owner celebrates the unifying significance of dragons and serpents across cultures. San Jose Walls (SJ Walls) and Guadalupe River Park Conservancy (GRPC) unveil the new mural along the Guadalupe River Park at Discovery Meadow, adjacent to the Children’s Discovery Museum in downtown San José. Entitled “Serpentine Fire,” the new installation is the twelfth mural artwork added to the Guadalupe River Art Walk, enhancing the Bay Area’s longest public art corridor.

This year’s Artist-in-Residence is Taki "Ryudaibori" Kitamura, an acclaimed Japanese-American Tattoo artist, who in 2002 founded the shop, State of Grace Tattoo, currently located in Japantown. Kitamura’s shop serves as a regional home for traditional Japanese tattooing, connecting resident artists trained in Japan and those from the Bay Area to deepen the art of tattooing through exchange, apprenticeship, and collaboration.

“To celebrate this lunar year of the dragon and the multiculturalism of San José, Serpentine Fire represents dragon mythology around the world,” says Kitamura. “With this mural, I am expressing the diversity of serpent divinity and sacred spaces - the dragon and serpent have been symbolic in cultures all over the world and in this, I see our common humanity.” The mural depicts various scenes where the public may interact with the artwork.

The new artwork and public engagement is supported by the City of San José to increase park visitation and usage in the Guadalupe River Park. The mural was curated in response to feedback from the Guadalupe Washington and Gardner neighborhoods just south of San José’s downtown core, favoring themes around community and diversity.

“Art has the ability to welcome people to a space. Growing up in San José, I believed there was a missed opportunity for public art to highlight our rich diversity,” says Natasha Lamperti, GRPC’s Project Manager. “I am so excited to see how future visitors will react to the mural.”

“The goal of the Guadalupe River Art Walk is to envision the Guadalupe River Park as a natural public art gallery and community gathering space” says Stacey Kellogg, San Jose Walls Director. “It has been five years and over a dozen installations since we started and the changes to the trail and park are really rewarding to see.” 

Mural painting will continue through Friday, June 21st and is accessible now to the public. 

Additional support for this year’s artist residency is provided by Applied Materials Foundation and World Wide Walls. For more information and ways to support, please visit https://sjwalls.com/donate.

###

About Artist-in-Residence Taki "Ryudaibori" Kitamura:

Taki “Ryudaibori”Kitamura is an acclaimed Japanese-American tattoo artist local to San Jose.

State of Grace Tattoo was founded by Taki “Ryudaibori” Kitamura in September of 2002. Originally located on Berryessa Road, Taki moved the shop to the San José Japantown neighborhood in 2009. With the support of the Dobashi Family, State of Grace reopened the second floor of the historic Shanghai Building. While definitely seen as a home of traditional Japanese tattooing, including two resident artists straight from Japan, the diverse staff strives to offer an authentic experience for the discerning collector. In addition to a full time tattoo schedule, the shop has been involved in publishing, museum exhibitions, lectures, art shows, murals and Horitomo’s lifestyle brand: Monmon Cats. 

For more information about State of Grace Tattoo visit stateofgracetattoo.com. You can find Taki on instagram at @stateofgracetaki.

About San Jose Walls:

San Jose Walls (formally POW! WOW! San Jose), established in 2017, is Northern California’s regional branch of the Worldwide Walls network of festivals happening in over 20 cities  around the world. Led locally by Empire Seven Studios —a contemporary urban art gallery and cultural institution in Japantown, San José, California.

Over the past six years, San Jose Walls has grown into the Bay Area’s premiere art festival with a line up and experience that provides some of the best in the world. Much more than a multi-day festival, San Jose Walls is an amenity with substantial economic and community impact. It is also a vehicle to celebrate our city’s  past, present, and future creative culture.

To date, San Jose Walls has produced over 80 murals and art installations throughout the City with a focus on underserved neighborhoods and most recently, the Guadalupe River Park and Trails. The goal is to strengthen community ties by bringing local and worldwide contemporary art to our City as a way  to highlight its rich diversity.

 

For more information on SJ Walls contact info@sjwalls.com or visit www.sjwalls.com.

About GRPC:

The Guadalupe River Park Conservancy (GRPC) provides community leadership for the development and active use of the Guadalupe River Park & Gardens through education, advocacy, and stewardship.

Founded in 1996, GRPC is the City of San José’s nonprofit partner leading park programming and management. They envision the Guadalupe River Park & Gardens as a civic greenway that connects people to nature and each other, and uplifts neighborhoods through San José’s front yard.

This two-and-a-half mile ribbon of parkland runs along the banks of the Guadalupe River in the heart of downtown San José. The River Park & Gardens serve as a north/south connector and contain beloved features such as the Guadalupe River Trail, the Rotary PlayGarden, the San José Heritage Rose Garden, and various public art including the Guadalupe River Art Walk.

Programming within the park includes educational opportunities, volunteerism, and a variety of year-round events for the public to enjoy. For more information visit www.grpg.org.

Rendering of a 21-story office building at 50 W. Santa Clara street in Downtown San Jose

The render below is a massing diagram for a proposed 21-story building called "The Clayton." It comes in at almost a quarter million SQFT (242,000 SQFT to be exact) and is nestled in Lightston Alley and Santa Clara Street. Currently there is a two-story building at this site with City Bagels, HotWorx, and Fuji Restaurant on the ground floor.

Today might not be the best time for new office tower developments, but we will have to build more office space again eventually. The proposed project will be sitting on top of a future BART station and the development timeline would actually be tied to BART being completed. Unfortunately that means 2037. Still having a new high-rise right on Santa Clara Street that is not residential is an exciting prospect to look forward to.

For companies looking for office space today, there are many opportunities including the shiny new 200 Park building by Plaza de Cesar Chavez that is roughly one million SQFT. 

Source: San Jose Spotlight

TMC Community Capital is setting up shop in Downtown San Jose

TMC Community Capital is moving into their Downtown San Jose office at 44 S. 1st Street. on July 1st. The company specializes in providing affordable microloans ranging from $5,000 to $50,000 to underserved entrepreneurs. 

I love both their backstory and their mission. Have a look at the full press release below:

San Jose, CA –  TMC Community Capital is proud to announce the grand opening of its new office in Downtown San Jose, marking a significant milestone in the nonprofit microlender’s mission to advocate for financial justice among marginalized communities in California.

TMC Community Capital is a provider of affordable loans, ranging from $5,000 to $50,000, with a mission to support and serve various entrepreneurs, particularly women-owned, low-income, and under-resourced small businesses in California.

TMC Community Capital is not just a financial lifeline; it is a beacon of empowerment. Through tailored financing options, the organization provides vital capital necessary for businesses to grow, create jobs, and make lasting contributions to the local economy. By fostering a culture of knowledge-sharing, TMC Community Capital empowers entrepreneurs to navigate the challenges of business ownership and achieve sustainable growth.

The City of San Jose is known for its entrepreneurial spirit, but local entrepreneurs often face significant challenges. With extensive experience working with hundreds of small businesses in the area, TMC Community Capital is making it clear that they are here to open doors for local entrepreneurs.

At an early age, Daniel Fernandez and his family would wake up early to help his grandmother sell home goods at Berryessa and Capitol Flea Markets. His mother worked night shifts at the Oakland Post Office processing plant and sold handmade apparel on the side to subsist as a single mother to three boys. These experiences instilled in Daniel a deep understanding of the critical role entrepreneurship and informal work play in his community. This personal history fuels his dedication to TMC Community Capital's mission.

"We are thrilled to expand our presence in San Jose, a vibrant and diverse city with immense entrepreneurial potential." said Daniel Fernandez, CEO of TMC Community Capital. "Our new office will enable us to provide even more targeted support to small business owners who are often overlooked by traditional lenders. We are here to ensure that they have the resources and guidance they need to thrive."

TMC Community Capital’s impact is undeniable. To date, the organization has lent more than $7.3 million, served over half the counties in California, created more than $4 million in additional wage earnings, and generated over $14 million in local economic impact. In 2023 alone, 82% of their loans went to entrepreneurs of color, with more than half of their loan volume supporting women-owned businesses.

TMC Community Capital will officially move into its new San Jose office on July 1st. This new chapter in San Jose underscores the organization’s continued commitment to opening doors and creating opportunities for small business owners throughout California.

For more information about TMC Community Capital and their services, please visit tmccommunitycapital.org

About TMC Community Capital: 

TMC Community Capital is transforming the landscape of microfinance by addressing unmet needs and meeting small businesses where they are. As a nonprofit microlender, TMC Community Capital is dedicated to leveling the financial playing field and empowering women-owned, low-income, and under-resourced small businesses in California. By driving financial equity, bridging the digital divide, and delivering an outstanding user experience, TMC Community Capital ensures these businesses have the resources they need to thrive.

TMC Community Capital's mission is clear: to build a world where every entrepreneur, regardless of their background or circumstances, has equal access to capital and opportunities. The organization firmly believes that every individual deserves a chance to pursue their dreams and make a positive impact in their communities.

As a CDFI-approved microlender, TMC Community Capital is committed to breaking down financial barriers and fueling innovation. Through tailored financing options, the organization provides vital capital necessary for businesses to grow, create jobs, and make lasting contributions to the local economy. By fostering a culture of knowledge-sharing, TMC Community Capital empowers entrepreneurs to navigate the challenges of business ownership and achieve sustainable growth.

Microsoft planning massive data center in North San Jose

Microsoft want to build two five-story data centers near the corner of Component Drive and Orchard Parkway in North San Jose. Microsoft originally paid $78.7 million for the land in 2021 and has been sitting on it ever since. With the rise of ChatGPT (which Microsoft has a big stake in), the need for data centers will skyrocket.

Part of the project would also include a water storage tank, pump building with chemical treatments for that water storage, and a new PG&E electrical substation.

The 30+ acre data center project would be right next door to a mixed-use village in North San Jose consisting of offices, hotels, and retail. That project, which is being led by LBA Realty, could clock in at 1.28 million SQFT. Today I also noticed that Apple is leasing some buildings in the area right before you turn onto Highway 87. It could be an interesting area in a few years.

Source: East Bay Times

Downtown San Jose neighborhood gets a new name: East Village

An up-and-coming neighborhood is getting a new brand. Just east of Santa Clara Street past San Jose City Hall is San Jose's East Village. The area is now much easier to spot thanks to a couple new murals on 10th Street.

The East Village has Downtown San Jose's finest collection of vegetarian and vegan options. The excellent Tofoo Com Chay, Vegetarian House, Vegan Bistro Donuts and Cafe, and Punjab Cafe are all in this district. Even though I'm a carnivore I'm a huge fan of all four of these. Needle to the Groove, Spirit Bros, Last Round Tavern, and Pho Passion are also there.

The last two neighborhoods I remember getting branded are Downtown West (Google) and Little Italy San Jose. Catchy names help to identify key areas Downtown and East Village has a nice ring to it. Next time you're close by, head to Vegan Bistro and have a look at Downtown's newest street art.

Source: The Mercury News

San Jose named one of the top US cities for raising a family

WalletHub ranked over 180 US cities based on 45 metrics related to raising a family. These include everything from the cost of housing, quality of education, health-care systems, and opportunities for fun and recreation.

San Jose came in 7th place with high marks in Health and Safety, Education, and Socio-economics.

Our cousin, Fremont, came in at 1st place. San Francisco held a surprisingly respectable 12th place. For all the of details and the full list, click the source link below.

Source: WalletHub

New airline for dogs flying out of San Jose International Airport

You read the headline correctly. BARK Air is a new airline flying out of SJC that caters to those travelling with dogs (and deep pockets). Flights are through a charter company with Gulfstream G5s, twin-engine business jets. That means you fly through San Jose Mineta International's Private terminal.

Instead of going in a crate, travelers and pets are greeted an hour before their flight by a concierge that helps get your pet ready for the flight in a spacious cabin. That includes providing things to help dogs stay calm like pheromone sprays, music, and scented refreshment towels. You also get a "just in case" bag filled with calming treats, leashes, poop bags, etc. 

On the flight itself, dogs get served water or bone broth during ascent and descent to ensure they don't experience discomfort due to change in cabin pressure. That's followed by BARK-branded treat, snacks and surprises throughout the flight.

Currently only two routes are offered: SJC to Chicago or New York. However, first class service equals first class prices. Each one-way ticket for a pet plus their owner is $6,000 for Chicago and $6,500 for NYC. 

BARK Air also serves LA, London, Paris, Phoenix, and Miami.

Source: KRON4

Día de San Juan Salsa Fest on June 21

Yet another new music festival is coming to Downtown San Jose this weekend. The inaugural Día de San Juan Salsa Fest is a collaboration between San Jose Jazz (SJZ) and the nonprofit cultural organization MACLA.

The festival will feature three great regional bands: Latin Rhythm Boys, Orquesta Taino, and La Mixta Criolla. In addition to the live music there will be salsa dance lessons, a DJ, and of course food and drinks. It all goes down in Parque de Los Pobladores, across the street from MACLA in Downtown San Jose's artsy SoFA District.

The event is free and runs Friday, June 21st from 5-10pm.

CaliBunga Waterpark San Jose officially opening June 29th!

What was once known as San Jose's Ranging Waters is being reborn as CaliBunga Waterpark San Jose starting on Saturday June 29th. The park is located inside Lake Cunningham Park and features over a dozen water attractions. It'll be open from 11am-6pm every day until August 7th and then open weekends through September.

They have upped the food options with in-park Food Trucks like Los Tres Hermanos and El Bombero 408. Best of all, they are planning a new restaurant and wine garden that will be open year-round! That is a great way to utilize space that would generally be empty most of the year. The restaurant will also have live music and an event space.

Tickets start at $28 for Twilight Admission (after 3pm). General admission starts at $53 and season passes start at $65. You can also rent cabanas with locking storage and food service. For more info, head to the CaliBunga website.

Affordable homes proposed for Monterery Road in Central San Jose

240 homes will be built built on an empty lot on Monterey Road near Senter Road, 237 of which would be designated as "affordable" one-bedroom units. Amenities would include a clubhouse, laundry rooms on each level, bicycle storage, a basketball court, dog park, picnic area, and a BBQ area. The color scheme looks a lot more interesting than many affordable projects, which tend to just be beige or gray boxes.

$70.9 million of construction financing has been closed, funding a good chunk of the $119 million proposal.

Construction is expected to begin this year at 4300 Monterery Road and it will take about two years to complete the project. 

Source: The Mercury News

Google might bring an affordable housing project to Downtown San Jose

Google still has one foot in the door for their ambitious Downtown San Jose plans. A mixed-used project with millions of square feet of office buildings in a neighborhood now dubbed "Downtown West" have been put on hold, but Google has continued some of their projects to build culture and vibrancy around the new district. Now it looks like they might move forward with an affordable housing project where an old Orchard Supply Hardware store once stood (San Jose company btw).

Earlier this year they razed a building at 720 West San Carlos and now they are evaluating building an affordable housing project on this site. If there were to move forward, it would signal that Google is still serious about investing in Downtown San Jose. If they return to the original plan, up to 20,000 employees could be working in of the capital of Silicon Valley. The economic impact and cultural impact would be significant, especially considering Google has some of the highest median salaries of any company on Earth.

Source: The Mercury News

 

BART to Silicon Valley Phase 2 construction officially begins

After decades of planning, the 2nd phase of BART's extension into San Jose (and Santa Clara) is underway. Construction has started in Brokaw Road in Santa Clara and is expected to create 75,000 jobs.

Phase 1 opened about four years ago with the Milpitas and Berryessa/North San Jose station. Phase 2 will be much more complicated as it requires a subway to be built for three of the stations and will utilize a tunneling method that has been done in the United States. Impact to Downtown San Jose and local businesses should be much less using this method over traditional "cut and cover" subway construction.

The 2nd phase is expected to cost $13 billion and be ready for use in 12 years. The initial estimate was a price tag of $4.4 billion and an opening in 2026. Hopefully there will be some ways to reduce cost and expedite the timeline in the near future.

Source: The Mercury News

San Jose Pride Block Party on June 22nd

The Guadalupe River Park Conservancy and Silicon Valley Pride are hosting a free block party on June 22nd from 12pm to 4pm at the Arena Green West (N Autumn St.) in San Jose. The event includes live music and DJs, food, wine/beer, a drag show, and resource booths. Yet another fun event in Downtown San Jose!

New housing project near SoFA gets funding

166 apartments (164 of which are designated as affordable units) are slated for 802 South First Street just outside the traditional boundaries of Downtown San Jose. The site is just south of Highway 280, a few blocks away from SoFA. The six-story building also includes 1,500 SQFT of ground-floor retail. 

The project will cost nearly $100 million. Fortunately, PNC is willing to finance $66 million of that between a construction loan and bridge loan. The rest will be mostly made up by state-backed financing.

The goal is to kick off construction by September with an expected completion date of 2026.

Source: The Mercury News

Red Lobster planning to shut down its last San Jose location

Red Lobster recently announced another set of locations to close across the United States as part of its bankruptcy and sadly the very last location in San Jose was on the list. 

Sitting at the corner Capitol Expressway and Aborn Road, this has been a staple in Evergreen for decades. In fact, of all the amazing restaurants in Downtown San Jose, I don't think I have been to any of them as often as this Red Lobster. This was always the restaurant I would go to with family for small celebrations. It provided access to pretty decent seafood at affordable prices.

I'm pretty surprised this location is on the chopping block. Despite the high cost of real estate, it always seemed to be packed. Anyway, it will be and end to an era and hopefully something really interesting will take it's place that will become a new staple for the neighborhood.

The locations in Milpitas, Stockton, and Vallejo are also planning to close.

Source: The Mercury News

Unique open house in South San Jose this Saturday - 6810 Canine Court

Everyone complains about affordability in San Jose, but there are still some really interesting opportunities if you know where to look. There is a very unique townhome-style condo for sale in South San Jose in a brand new neighborhood near the intersection of 101 and 85. 

It's a massive 2,506 SQFT home with 4 oversized bedrooms and 3 full bathrooms. That makes it larger than most single family homes in San Jose, yet the listing price is only $555 a square foot.

Costco is literally across the street and several great restaurants are minutes away (I highly recommend Blossom and Bourbon). It also has great parks within the community with bocce ball, basketball, multiple playgrounds for the kids, an outdoor gym, and gated dog park. The Santa Teresa Light Rail station is a 15min walk or 4min bike ride away.

My wife is the realtor and is hosting an open house this weekend from 1-4pm on Saturday with free bubbly and an assortment of appetizers highlighting a highly-rated local San Jose eatery. Last week was Pasteleria Adega and this week it will be something new but equally as awesome. Even if you're not looking for a new home, swing on by to check out the neighborhood and talk San Jose. The address is 6810 Canine Court in San Jose.

Be one of the first 8 groups to mention The San Jose Blog and take home a bottle of either Prosecco or Rosé.

400 foot tall Willow Park project wants to blast through approvals

While not in San Jose or even Santa Clara County, this project is so insane it is worth mentioning. A Bay Area-based developer called Development N17 submitted an application with the city of Menlo Park for a mixed-use project with a 665 units of housing, a 130-room hotel, 324,000 SQFT of office space, 4.9 acres of open space and parks, and a Montessori school. All of this is planned on just 6.7 acres of land.

The tallest building in the complex would be 431 feet high while other buildings would stand 367 feet and 271 feet tall. This would easily be the tallest project between San Francisco and Los Angeles, with it's flagship building standing over 130 feet taller than anything in San Jose.

Willow Park would replace single-story office building from 1951.

The developer is seeking expedited approval and want to start building as soon as possible. 133 units are allocated for affordable housing, which allows them to use an entitlement process known as "builders remedy" which prohibits the city from denying housing developments if the city does not have an approved plan for meeting their housing requirements (which Menlo Park does not).

I really wish this proposal was for San Jose, but I'm optimistic this will have local developers taking bigger bets like this one for the Capital of Silicon Valley.

Source: SVBJ

41st San Jose Fountain Blues & Brews Festival

The San Jose Fountain Blues & Brew Festival returns this weekend at Plaza de Cesar Chavez on Saturday, June 15th from 11am to 8pm. The roster features nine hours of national and regional talent across two stages featuring every genre of blues you can imagine. It's the longest running blues festival in Northern California and is expected to have over 2,500 attendees.

In addition to the great music, there will be over 40 breweries including local favorites like Gordon Biersch, Fox Tale, and Bare Bottle. Artist vendor booths and family-friendly lawn games round out the event.

For more info and tickets, head over here.

2024 Silicon Valley Index

The Joint Venture Silicon Valley Index has been providing insights on our strengths, weaknesses, opportunities, and threats for over 25 years. It provides an honest and holistic view of life in Silicon Valley. You can download the 2024 Silicon Valley Index over here.

Have a quick look at the comparison between Silicon Valley and San Francisco in the image below. Here are some of my notes from the key findings:

• We're growing again with 11,300 new Silicon Valley residents last year.
• VC dollars going into AI have risen 220% year-over-year. Generative AI represented 44% of all 2023 VC investments in AI companies.
• Silicon Valley just had four IPOs last year. San Francisco had one.
• We're still generating more patents by far than any other place in the nation. San Jose is the top city in the nation yet again for patent filing.
• Silicon Valley's 20 largest tech companies were 7% smaller at the end of 2023 than than the previous year, but employment in tech still ended up being 37,000 employees more than pre-pandemic figures. Tech is now 28% of the workforce.
•  If wealth was evenly distributed in Silicon Valley, it would amount to $2 million per household.
• Silicon Valley's population continues to age, with those over 65 years old up by 32% since 2012 and the number of children down by 13% over the same period.
• The number of births each year in Santa Clara and San Mateo counties has declined steadily since the 1990s, dropping by 33% over 33 years.
• 51% of Silicon Valley speaks a language other than English at home
• The two largest office projects in Silicon Valley last year were both in Downtown San Jose, 200 Park (965,342 SQFT) and Adobe's 4th Tower (700,000 SQFT). The 3rd largest was a 350,000 SQFT building in South San Francisco.
• Silicon Valley childcare costs have quadrupled over the past 20 years, rising twice as fast as regional inflation.
• There were no unhealthy air days in the past three years, showing an improvement in air quality.
• Total solar capacity increased sixfold over the past decade, from 174 MW in 2013 to 983 MW in 2023. Batter storage grew twentyfold in the past 5 years.
• Gasoline and Diesel sales have steadily declined and are still 19% below pre-pandemic levels (presumably due to EV sales)
• 17% of all Californian EV charging outlets are in Silicon Valley, over 5,000 in Santa Clara County alone.
• Life expectancy is several years higher in Silicon Valley versus California or the United States.