Showing posts with label san jose office space. Show all posts
Showing posts with label san jose office space. Show all posts

Saturday, April 6, 2024

PwC coming to Santana West

PwC has leased 141,000 SQFT of office space at One Santana West, right across the street from Santana Row. The decision was led by the modernity, efficiency, and amenities the office offered. PwC plans to occupy the space in early 2026.

That now makes 3.5 floors leased in the building, with 4.5 floors and 198,000 SQFT to go. Acrisure is the only other tenant in the building.

Source: SVBJ

Friday, February 23, 2024

Has Google forgotten about Downtown San Jose?

The short answer is... no.

If Google had no plans to execute on their vision for Downtown West near Diridon, they would have immediately halted all work on their real estate holdings in San Jose. Instead, they are still making small updates and preparations. For example, a former Orchard Supply Hardware at 720 West San Carlos is being bulldozed over the next couple months to make way for future construction.

The eventual goal is to build 7.3 million SQFT of office space, 4,000 residential units, 500k SQFT of retail, 300 hotel rooms, and 15 acres of open space in Downtown West. Google wants to employ as many as 20,000 workers in San Jose.

Source: The Mercury News

Sunday, December 17, 2023

Santana Row expansion (Santana West) scores their first lease -- Acrisure

It's a challenging market for office space, but it always seems to be sunny at Santana Row. A financial tech company called Acrisure LLC is leasing 29,000 SQFT in the shiny new Santana West project across the street from the famous Row. Acrisure is planning on having 150 employees work out of that office, taking up most of the 4th floor of the building.

So far, only one building has been constructed as part of for Santana West. The plan is for there to be two more midrises with the final project totaling a million SQFT of office space. However, given the state of the office and residential markets, perhaps it wouldn't be a bad idea to pivot and use the remaining space as a true mixed-use extension to Santana Row with retail and residential.

Source: SVBJ

Thursday, September 14, 2023

Downtown San Jose office tower converting to housing

Urban Catalyst is building two high rises near city hall, one is a 26-story high-rise with 389 residences and the other was supposed to be a 20-story office building called Icon with 525,000 SQFT of office space. Now given market conditions, it looks like the office building is going to pivot into more housing.

The converted project would have 650 multifamily units after getting city approval. There is a significant need for housing and a lot of vacant office space right now in Downtown San Jose, so this sounds like a wise shift.

Source: The Merc

Thursday, August 24, 2023

Google's Downtown San Jose project still has signs of life

While it's not the promised mixed-use megacampus many were excited about, Google is still planning to be active in the Downtown San Jose area. They are hosting Creekside Socials at various locations within the footprint of their proposed project near the Shark Tank and Diridon Station. These events are designed to celebrate the local culinary and creative community. There will be live music, food trucks, interactive art, a bike valet, children's programming, and a small maker's faire. 

The first Creekside Social will be on September 9th from 11am-3pm at 20 Barack Obama Boulevard across from the SAP Center.

Google is also preserving the historic San Jose Water Company building and is working with local artist to enhance the "Downtown West" neighborhood they will hopefully be anchoring in the coming years and/or decades.

Source: The Merc

Thursday, August 17, 2023

Alviso/North San Jose entertainment district is now a data center

Next to the Topgolf in Alviso was a grand plan for an entertainment district containing shops, restaurants, and two hotels. Five years later, the area around Topgolf is still barren (although Topgolf is doing very well on its own). 

Now, the owners of the land are coming back to the city with a very different proposal that is likely to be a lot less exciting for North San Jose residents... a giant data center. I'm digging the exterior design with a living wall for the 172,500 SQFT two-story building and it's neighboring 174,400 SQFT three-story power center--but it's still a server farm. 

There is still hope for a 15,000 SQFT retail space, which could house a few restaurants. However, that is nothing compared the the multi-million SQFT projects Santa Clara is planning down the street. In a few years there will be tons of new apartments, office buildings, restaurants, shopping, and at least one new hotel across from Levi's stadium. Not to mention all of Great America will likely be turned into some mixed used mega-property like Santana Row over the next 10-15 years. 

Something is better than nothing from a city tax dollar perspective, but we should question whether this is the best use for this land. Once it's a data center, I don't think it will be convertible to anything else.

Source: The Merc

Monday, August 14, 2023

San Jose office building may be converted to residential or hotel

A 10-story, 113-year-old office building at 2 West Santa Clara St. might be converted to become either a residential building or a hotel.

Like many urban areas today, Downtown San Jose has a very high office vacancy rate. In Q2 it was 26.6%, partially because the massive 200 Park office tower was completed, adding greatly to the amount of available office space in the area. Santa Clara is also at 26.1% and San Francisco has a whopping 31.6% office vacancy.

So it makes quite a bit of sense to take some of the older office buildings and convert them to other uses that have more demand. Some of the plans up for consideration for 2 West Santa Clara are 65 residences, a hotel with 147 rooms, or a 73-unit co-living space (e.g. The Grad). 

The building has a great location in central Downtown San Jose but is only 100,000 SQFT and has small floor plates that are not popular with tech companies these days. Since every office has windows already, it should a pretty easy conversion to residential or a hotel.

Source: SFGATE

Thursday, August 10, 2023

A look inside Adobe's 4th Tower

Adobe was the first large tech company to be headquartered in Downtown San Jose. What started out as one tower eventually became an urban campus of three high-rises with some cool amenities like hidden a basketball court in the middle of them. Now there is a fourth Adobe tower to rule them all that is roughly the same size as the previous three combined. It also has a museum that is publicly accessible!

The Mercury News has a sneak peek inside the shiny new tower. From Highway 87 it's almost an optical illusion where it looks like a mid-rise building, but it's 18 stories and has 700,000 SQFT of office space with a bridge to connect it to the other three towers.

Inside, areas are color-coded based on function and local artists have left their mark on the new tower. There is a 50,000 SQFT cafe with cuisines from all over the world, both a perk and curse since Adobe employees should go out and also discover the amazing multi-cultural cuisines in Downtown San Jose.

I have a friend that works at Adobe so hopefully I'll go get my own photos at some point in the future. For now, check out the source link for a look inside one of San Jose's newest towers.

Source: The Merc

Tuesday, August 8, 2023

Park Avenue in Downtown San Jose is reopening

The massive 200 Park Avenue office tower is pretty much complete, and that means that Park Avenue between Market Street and Almaden can reopen. However, this street got a major facelift with new pedestrian improvements, bike lanes, and bioswales (organic channels or trenches that collect rainwater runoff and filter out pollutants).

200 Park is 19-stories above ground and has four levels of underground parking. There is a total of 840,000 SQFT of office space, 26,000 SQFT of outdoor terraces, and 2,000 SQFT of retail. Each floor of office space is a whopping 54,000 SQFT... it's massive.

Park Avenue won't be open indefinitely as other high-rise projects are planned for City View Plaza across the street from 200 Park. Eventually that entire block will be torn down and replaced with three large interconnected buildings that could add another 3.8 million SQFT of office space to Downtown San Jose. The timing might not be great for that project today, but in the future when funding and demand allow... it will make for a very large tech campus in a great location.

Source: Downtown Dimension

Future CityView Plaza Proposal

Saturday, July 29, 2023

Old Fry's HQ will become a giant office campus

The shuttered Mayan-themed Fry's store and previous Fry's HQ on Brokaw Road are destined to become a seven-building tech campus. Combined, they will add another 2 million SQFT of office space to North San Jose. 

However, don't expect to see this completed anytime soon. The developer is planning to build the project in four phases over a decade and won't even begin construction until 2024 at the soonest.

Source: SVBJ

Tuesday, July 25, 2023

Platform 16 project is now well underway

While there is still quite a bit of vacant office space in the Bay Area, that is not stopping developers from working on flagship projects. Platform 16 is across the street from the San Jose Market Center on Coleman and just a couple of blocks away from the SAP Center and Diridon Station. When Google resumes their new campus, it will be in the neighborhood as well.

As you can see in the 2nd image below, foundation work is nearly complete and soon you'll see the 1.1 million SQFT office project rising up. With companies fleeing SF, Downtown San Jose provides an urban environment that also has suburban amenities closeby. It should be very attractive to companies that want to cater both to young workers and those with families.

Source: SF YIMBY

Tuesday, August 24, 2021

SoFA will never be the same if these 6 towers get built

Feast your eyes on two projects consisting of three towers each in Downtown San Jose's artsy SoFA district. I love how these proposals continue to get more and more impressive with natural elements and rooftop amenities.

The first five renders below are a joint residential venture between Urban Community and Terrascape Ventures with 386 units. Two towers would be around 420 S. 2nd Street and clock in at 12 and 22 stories plus 8,000 SQFT of retail in a public plaza between the buildings. This is where the Dai-Thanh Supermarket and Dakao Sandwich shop currently stand. A third 20-story would rise on 420 S. 3rd St. and replace an old apartment complex. At least two towers would have an outdoor rooftop deck and lounge with trees and plants. The entire project would be built using mass timber and cross-laminated timber and operate with net-zero carbon emissions.

The next five renders are Westbank's "The Orchard" mixed-use project at the very entrance of SoFA from San Salvador Street. The towers looks great, but the ground-floor retail looks phenomenal! Currently, most of this proposal covers what today is a giant outdoor parking lot.

If just one of these projects moves forward, it will transform the area. If both make it, it'll be a revelation. It would triple the amount of foot traffic on most days and likely turn SoFA into an even more thriving area than San Pedro Square or the Historic District.

Sources: SVBJ, Aphelion2100 from the SJ Development Forum

Tuesday, July 27, 2021

Unique office and housing tower could transform Downtown skyline

The word iconic gets thrown out a lot, but there is a proposal at 35 S. Second St. whose design would truly be iconic for the Downtown San Jose skyline. "Energy Hub" is a curvy office and residential tower that features multiple cutouts for trees and plants--not to mention a full living roof. Have a look at the second and third renders below to see how this concept looks in the context of other Downtown buildings. The change would be pretty dramatic.

The tower is actually two connected buildings that rise 21 floors. Retail and restaurants wrap around the ground floor, followed by residential space across 10 floors (194 units total), and topped with 314,000 SQFT of office space. There is also an atrium-like urban room on the ground floor accessible to the public. 

The roof is essentially a giant park with amenities for both residents and office workers. There are trees, hills, lounge areas, places to picnic, and even an full-blown running track. It has to be one of the most unique amenities proposed for the roof of any Downtown building (hopefully there is a pool or lake up there as well).

This proposal goes to show you don't have to have height in order to make a project stand out and change the entire landscape of an urban neighborhood.

Source: The Merc

Monday, May 17, 2021

Urban Catalyst replacing Garden City Casino with a large mixed-use project

The former Garden City Casino and Harry's Hofbrau area in West San Jose is going to get a significant overhaul. Urban Catalyst would like to build a mixed-use project combining office space, residential, a senior living complex, and a hotel.

Each of these four elements would have it's own dedicated building. Along Saratoga you'll find the office building and hotel. The offices would clock in around 300,000 SQFT across nine stories. The hotel would have 175 rooms, with suitability for both for short and long-term accommodations (I think this will mean two hotel brands sharing the same back-of-house resources and staff). One really neat feature is a rooftop deck above the hotel lobby (or lobbies) with the swimming pool and amenity space.

The residential building will house 425-450 apartments across eight stories. A separate senior living and memory care facility will have 165 units.

This seems like quite a nice proposal. The only element missing is retail--it would be great to see some restaurants and stores on the ground floor of all the buildings. However, Santana Row and Valley Fair are less than a mile away so this is not as critical for this particular area.

Source: SVBJ

Monday, May 10, 2021

Google Mega Campus Updates

Google has received unanimous approval from the planning commission to build its massive campus around Diridon. The final step is City Council approval on May 25th, which is all but assured at this point. 

The overall scope of the is staggering--it's the largest proposal in history for Downtown and perhaps all of Silicon Valley. The first phase alone includes 4.17 million SQFT of office space, 3,130 homes, and several new community plazas. That phase is just HALF of the project. Even more impressive, developers will get the opportunity to build up to 6.4 million SQFT of office space, 7,000 housing units, and 536,000 SQFT of retail around Google's project. Collectively, the area will be called "Downtown West."

Building heights will range from 170 feet o 295 feet. Construction on city streets and infrastructure is slated for 2022 and will take until at least until 2031 to complete the entire project. When complete, this will be Google's largest campus in the world.

As a side note, Google has also promised $200M in community benefits if the Downtown West plan comes to fruition. This includes homeless services, job opportunities for local residents, five acres of new parks and trails available to all, and affordable housing.