Showing posts with label economic growth. Show all posts
Showing posts with label economic growth. Show all posts

Saturday, June 7, 2025

Sharks Way

San Jose has long cherished its sports teams, with the San Jose Sharks holding a special place in the city's heart since their debut in 1991. This hockey team has woven itself into the fabric of the Bay Area, delivering thrilling moments and fostering a deep sense of pride among fans. Now, the city is celebrating this legacy by renaming a prominent stretch near the SAP Center as Sharks Way, a tribute that strengthens the bond between the team and Downtown San Jose.

The timing of this change aligns with San Jose’s efforts to secure the Sharks’ future here. City leaders, including Mayor Matt Mahan, are nearing a 25-year agreement to keep the team rooted in San Jose, pending City Council approval. This long-term commitment underscores the Sharks’ value as more than just a sports franchise; they’re a cornerstone of community spirit. Sharks Way symbolizes that dedication, promising a lasting impact on the city’s identity.

You can find Sharks Way at the corner of West St. John Street and North Almaden Boulevard.

Source: San Jose Spotlight



Wednesday, June 4, 2025

Tech Hub Rises from a Forgotten Site

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


Thursday, March 27, 2025

Santana Row Welcomes New AI Tenants, Boosting San Jose's Tech Scene

Santana Row is welcoming two new artificial intelligence powerhouses to its One Santana West office building. Etched and Securiti.ai have signed leases totaling 60,400 square feet, further adding to Santana Row’s status as a magnet for innovative companies. While most new Silicon Valley office buildings are struggling, One Santana West is already 80% leased.

A Closer Look at the New Tenants

Etched, a company specializing in AI semiconductor chips, has secured 49,500 square feet, taking over the entire second floor of the eight-story building at 3155 Olsen Dr. Meanwhile, Securiti.ai, a firm focused on software solutions for safer AI and data use, has leased 10,900 square feet on the third floor. These deals have pushed One Santana West to 80% leased, according to Federal Realty Investment Trust, the principal owner and developer of Santana Row. With only the fifth floor still available in this 370,000-square-foot space, it’s clear that demand is soaring.

Jan Sweetnam, Federal Realty’s Chief Investment Officer, summed it up perfectly: “Santana West is ideal for companies seeking a modern and efficient workspace and the deepest set of amenities and services available.” The building’s appeal isn’t just about square footage—it’s about offering a dynamic environment where businesses can thrive.

Santana Row: A Growing Hub for Diverse Companies

These new leases are part of a broader trend that’s putting Santana Row on the map as a go-to location for a wide range of industries. Alongside Etched and Securiti.ai, One Santana West is home to an impressive lineup of tenants:

  • PwC U.S. Group, a professional services giant, occupies 141,000 square feet.
  • Acrisure, a financial tech and insurance firm, leases 29,000 square feet.
  • Couchbase, another AI innovator, has 23,700 square feet.
  • Calix, a cloud services provider, rents 23,000 square feet.
  • Pivot Interiors, a workspace design company, takes up 15,000 square feet.
  • BetterHelp, an online therapy platform under Teledoc, leases 10,400 square feet.

Add to that The Good Eating Company, a full-service café operating on the ground floor, and you’ve got a building that’s not just a workplace but a community. The shift in strategy by Federal Realty—moving from seeking a single tenant to offering flexible spaces for multiple companies—has clearly paid off, attracting a diverse mix of businesses eager to call Santana Row home.

Why This Matters for San Jose

The arrival of Etched and Securiti.ai isn’t just good news for Santana Row—it’s a win for all of San Jose. These companies bring high-tech jobs, economic growth, and a fresh wave of energy to our city. The AI surge is breathing new life into the South Bay office market, and Santana Row’s proximity to Stevens Creek Boulevard and South Winchester Boulevard makes it a prime spot for businesses looking to tap into San Jose’s talent pool and vibrant culture.

Beyond the numbers, there’s something inspiring about seeing Santana Row evolve into a place where innovation meets lifestyle. With its array of amenities—dining, shopping, and entertainment just steps away at the main Santana Row strip—it’s no wonder companies are flocking here. As Sweetnam noted, “Santana West delivers on every reason to want to come into the office.” It’s a workplace that feels less like a chore and more like a destination.