Showing posts with label milpitas. Show all posts
Showing posts with label milpitas. Show all posts

Wednesday, April 29, 2015

Massive Condo High-Rise in Milpitas Moving Forward

Downtown San Jose is not the only area slated to get high-rise residential over the next few years. In 2016, BDK Capital is planning to break ground on a $300 million project featureing two 18-story towers with 450 luxury condos and 34,000 SQFT of retail on the ground floor. The project is located at 600 Barber Lane (former Chevorlet dealership), which is across the street from a large Asian shopping center and future retail projects.

The buildings will have a large number of luxury features such as rooftop decks, lounges, a fitness center, two pools, and community rooms. The project even has eight penthouse four-bedroom units. The developer is going for the feel of a "New York lifestyle" in Silicon Valley.

I think this project is good news for the whole South Bay. The more residential high-rises that go up, the more accustomed Silicon Valley residents will be to this type of offering. There are many places throughout San Jose that could use large mixed-use projects like this... not just Downtown San Jose. Hopefully this helps pave the way to more developer interest.

Source: The Registry

Saturday, November 29, 2014

Milpitas Getting Massive 18-Story Tower - 4th Tallest Building in Santa Clara County

This is going to be one of the rare posts here that is not directly tied to San Jose. This news represents that times are changing in Silicon Valley and residents are going to have to start becoming more and more comfortable with high-rise buildings, even outside of traditional urban centers like Downtown San Jose.

Milpitas is about to get a whopper of a tower. While it looks short below, the proposed 18-story tower would be 277 feet high. This makes it taller than the Sobrato Tower, Three Sixty Residences, the San Jose Marriott, any of the Adobe Towers, and the Fairmont Hotel. It would be more than double the height of any building currently in Milpitas. The fact that it looks stubby belies its true size. Only 3 structures in Santa Clara County would be taller, meaning it is extremely wide and a gargantuan building for the South Bay.

The Milpitas tower would be mixed-use in every sense of the terminology. The first two floors would consist of 150,000 SQFT of retail, the third floor would have 50,000 SQFT of office space, and the next 15 floors would have 375 for-sale condos (average of 25 per floor). There is also an attached 8-story parking garage.

The tower is going to be built on three-acres that used to be a former Chevrolet dealership between two Asian-themed shopping centers. Price tag? Expect something in the $250 million to $300 million range. The builder (Singpoli) is already assembling a construction team and is planning to break ground in the next 12 months.

List of Tallest Buildings in Santa Clara County

  • The 88 (San Jose) - 286 feet
  • San Jose City Hall (San Jose) - 285 feet
  • Hoover Tower (Stanford) - 285 feet
  • Landmark Tower (Milpitas) - 277 feet
  • Sobrato Office Tower (San Jose) - 270 feet

Source: SVBJ