A New Culinary Option Will Enhance Downtown San Jose

Downtown San Jose is about to gain an urban dining venue led by acclaimed Bay Area chef Parke Ulrich. Known for his work at Waterbar and Epic Steak in San Francisco, Ulrich brings his expertise to the ground floor of the 50 West office tower, transforming the former KQED space into a spot for lunch, happy hour cocktails, and dinner. The indoor-outdoor setup promises a welcoming environment for locals and visitors to enjoy high-quality meals in a prime location near the SoFA district, San Jose Museum of Art, and Signia by Hilton hotel.

This development aligns with broader efforts to revitalize the area, including lobby upgrades at the tower by owner Jay Paul Co. The restaurant adds to the mix of attractions drawing people back to the urban core, where office returns remain gradual but steady.

Amid economic recovery following the coronavirus, Downtown San Jose has seen a notable increase in foot traffic, with visits rising 28.2 percent over the past year according to a University of Toronto report. This growth ranks among the top in North America and underscores the area's shift toward an experience-driven economy focused on dining, entertainment, and community gatherings. Ulrich's establishment contributes to this momentum, inviting more people to explore and invest time in our city's evolving landscape.

Source: SiliconValley.com

Former Safeway Space in Downtown San Jose Finds New Owner Through Auction

A key retail spot in the heart of Downtown San Jose changes hands as the former Safeway storefront at 100 S. Second St. sells at auction for $1,950,000. This 24,090-square-foot ground-floor space, part of a 23-story condominium complex with 197 residential units, has sat vacant for years but now holds potential to reinvigorate the bustling corner. The sale signals growing interest in Downtown properties, offering a chance for fresh concepts to take root amid nearby homes and daily foot traffic.

Safeway operated in the location for a decade starting in 2009 before closing, with city officials pointing to the end of subsidized underground parking as a factor. The building also features a separately owned parking garage, adding convenience for future tenants and visitors. As Downtown San Jose works through retail and office vacancies, this transaction aligns with broader efforts to fill spaces and create lively street-level experiences for residents and shoppers.

Recent market data shows promise, with Silicon Valley retail vacancies reaching 5.2 percent in the second quarter of 2025, and the submarket including San Jose at 5.4 percent. City initiatives continue to focus on drawing businesses and events to the core, making spots like this ideal for groceries, cafes, or community hubs. With its high-visibility position, the site could soon host something that draws crowds and supports the neighborhood's growth. I'm hoping for another grocery store, but beggars can't be choosers.

Source: SVBJ