At 199 Bassett Street, a location once earmarked for a sprawling affordable housing project, a fresh vision is taking shape. The original plan for 803 co-living residences fell apart in 2021 after a loan default led to foreclosure in 2022. Now, that same site is poised to become a cutting-edge tech hub—an eight-story "AI Research and Development Facility" that could redefine the area.
The new building will feature a lively ground floor with two lobbies and 2,800 square feet of retail space, while the upper levels are designed to support the heavy data demands of artificial intelligence and tech innovation. Led by Bay Area real estate executive Dennis Randall, this initiative taps into the city’s strengths and promises to draw more companies, talent, and energy to Silicon Valley’s core.
The shift from housing to high-tech reflects San Jose’s dynamic priorities. While affordable homes remain a critical need, this tech hub leans into the city’s role as a global leader in innovation, especially in AI.
Source: SiliconValley.com
