Tuesday, September 17, 2013

High-end Health Club Replacing Century Berryessa 10

Many Berryessa residents were worried that the former Century 10 Movie Theater was going to be turned into a Walmart. It now looks like that space is going to be a massive 130,000 SQFT VillaSport gym. Actually, calling it a gym may be an insult. The existing VillaSports in Texas and Colorado feature amenities like outdoor water slides, whirlpools, full-service spas, massive amounts of equipment, and kid's areas that are in-and-of themselves larger than many gyms. Residents in the area should be pretty happy about this!

They are ready to build the health club as soon as they receive the final sign-off from the city. I'm not sure what the monthly fees will be for membership, but I think they will be a bit higher than your typical 24 Hour Fitness. Check out some images below that the Business Journal scooped up from a Colorado VillaSport .

Source: SVBJ






Monday, September 16, 2013

Massive 2 MILLION SQFT Office Project Proposed for North First!

Nathan Donato-Weinstein from the Business Journal nabbed what will likely be the largest development scoop of the year. 10 freakin towers proposed on North First Street!!! The project spans 20 acres at First Street and Brokaw which consists of some empty land and the Bay 101 casino. It would likely be built in two phases, Phase 1 on the area currently vacant with Phase 2 coming in after the casino moves to their new home closer to M8trix.

The buildings would each be about seven stories--which is tall for your typical tech campus, think Brocade in the @First area. Total square footage would clock in at a jaw-dropping 2,025,350 SQFT. In terms of sheer size of an office project, this would come second only to the new Apple Campus in Cupertino. This dwarves all other planned office projects in the Bay Area, including expansion project by Samsung, Facebook, Linkedin and Google (their Bayview Campus).

No potential tenant has been named, but there is speculation that it will be a huge tech company like Microsoft, Amazon, or Apple.

Amenities will include 7,103 spaces of mostly underground parking (Lightrail is also across the street), an underground pool, a soccer field, and courts for basketball, racquetball, and squash. Check out photos of the modern curved glass buildings below! I really, really hope this goes through.

Source: SVBJ











Sunday, September 15, 2013

Smart & Final Coming to East San Jose

The Plaza de San Jose retail center at Story and King is about to get a new tenant. Smart & Final is planning on occupying a 20,000 SQFT space that was previously a Famsa. The warehouse-style grocer plans to service both general consumers and restaurants in the area. The store should open this month and will be the third in San Jose.

Source: SVBJ

Plaza de San Jose, above, will see a major vacant space filled with the arrival of a 20,000-square-foot Smart & Final.

Saturday, September 14, 2013

Saturday Stats: San Jose Ranked #6 Best City for Small Business

We have a great Saturday stat for you you today. Our of all major cities in the US, San Jose was ranked as the #6 best city for small businesses! What makes this all the more meaningful, is that San Jose was the ONLY California city on the list. The rankings were calculated by factoring in state income taxes (5% weight), city income taxes (10% weight), payroll taxes (25% weight), city property taxes (10% weight), city growth rankings (20% weight), and ease of licensing requirements (30% weight).

San Francisco did not rank. In fact, New York did not even rank. For a business earning $100k a year in New York City, they would have the worst tax rate and they also scored very poorly from a licensing perspective. San Francisco also has difficult licensing requirements (much worst than San Jose) and also is subject to higher taxes (2% more than San Jose).

San Jose qualified with no local income tax (city income tax), a low property tax rate, the top growth rank rate of all cities evaluated, and a decent but not great license friendliness rank. Again, the fact that this was the only city in California to qualify is quite substantial.

List of Top 10 Best Cities for Small Business

1. Austin, TX
Tech giants Dell and IBM make their home here, but Austin proves equally friendly to small businesses. The city scores highly thanks to no state or local personal income taxes and its 2nd place rank in the Milken Institute’s 2012 Best Performing Cities for favorable growth prospects in technology, real wages and jobs. Austin also scored 2nd for its hassle-free business licensing requirements, according to data from Thumbtack’s 2013 Small Business Friendliness Survey.

Local income tax: 0% (sample median: 0%)
City property tax: 1.24% (sample median: 1.35%)
Growth rate rank: 2
License friendliness rank: 2

2. San Antonio, TX
Home to big companies like Clear Channel and Valero, San Antonio earns the second spot in our list because it has the highest ranking for friendly licensing requirements, where on average small business owners say that the city’s regulatory environment is “somewhat friendly.” San Antonio also scores in the top 10 for its growth prospects.

Local income tax: 0%
City property tax: 1.36%
Growth rate rank: 6
License friendliness rank: 1

3. Dallas-Fort Worth, TX
Dallas is home to over a dozen Fortune 500 companies and like other Texas cities, it is very welcoming to small businesses, scoring in the top 5 for ease of licensing requirements and growth prospects. While it did not score highly for property taxes, Dallas is still a very attractive city for small business.

Local income tax: 0%
City property tax: 1.38%
Growth rate rank: 5
License friendliness rank: 5

4. Baltimore, MD
One of only three East coast cities to make our list, Baltimore earned a top 10 spot because it ranked 3rd for its hassle free licensing requirements. One downside is that Baltimore levies personal income taxes between 1.25 and 3.2% and scores poorly because of relatively high property taxes.

Local income tax: 3.2%
City property tax: 2.27%
Growth rate rank: 7
License friendliness rank: 3

5. Houston, TX
Houston ranks fifth thanks to a very friendly overall tax environment. It had the third lowest city property tax rates at 1.15% and ranked third for growth prospects.

Local income tax: 0%
City property tax: 1.15%
Growth rate rank: 3
License friendliness rank: 11

6. San Jose, CA
The only California city to make our list, San Jose earned the no. 1 spot in America in Milken’s growth ratings, largely thanks to an influx of Silicon Valley technology companies and educated labor force. The city also scored in the top 10 for low-hassle licensing requirements.

Local income tax: 0%
City property tax: 1.27%
Growth rate rank: 1
License friendliness rank: 7

7. Charlotte, NC
While North Carolina isn’t known for its friendly income tax code, Charlotte did score highly for low unemployment tax rates and scored in the top 10 for property taxes, long-term growth prospects and non-burdensome licensing requirements.

Local income tax: 0%
City property tax: 1.28%
Growth rate rank: 8
License friendliness rank: 10

8. Indianapolis, IN
While not as tax friendly as Texas cities, Indianapolis scored 6th for easy licensing requirements and 10th for future growth rates. Indianapolis ranked poorly for property taxes and also levies an income tax of 1.62%.

Local income tax: 1.62%
City property tax: 3.35%
Growth rate rank: 10
License friendliness rank: 6

9. Jacksonville, FL
Jacksonville scores in our top ten largely thanks to its presence in Florida, a state with zero personal income taxes and relatively low payroll taxes. Jacksonville earned 4th place for its easy licensing requirements but scores lower for growth prospects (15th) and property taxes (12th).

Local income tax: 0%
City property tax: 1.80%
Growth rate rank: 15
License friendliness rank: 4

10. Phoenix, AZ
Phoenix earned 10th place mainly because of Arizona’s tax friendly environment: the state scores 3rd for lowest income tax rates and 2nd for lowest payroll taxes. Phoenix scores 8th overall for property taxes and 9th for ease of licensing requirements.

Local income tax: 0%
City property tax: 1.30%
Growth rate rank: 16

License friendliness rank: 9

Source: Nerdwallet, SVBJ


Friday, September 13, 2013

Dr. Martin Luther King Jr. Library - 10th Anniversary!

This month, the Dr. MLK Jr. Library is celebrating its 10-year anniversary with several events. These includes film viewings, live music, contests, activities, a neat art project, and special exhibits. You can access the full list of events at the Dr. Martin Luther King Jr. Library website over here.

Thanks Mallory for sending this in.


Serenata Flamenca this Sunday!

Arte Flamenco de San Jose is hosting their largest event of the year at Santa Clara University's Majer Theater this Sunday at 3pm. Flamenco incorporates multiple cultures and influences, including an eclectic mix of guitar, song, and dance. Come check it out and support local art and culture! For more information, you can have a look at the Arte Flamenco de San Jose Website.


Thursday, September 12, 2013

RetailNext Tripling Space Downtown

RetailNext is company that analyzes shopping habits and behaviors, even going so far as creating "heatmaps" showing where shoppers are spending most of their time in a store. They currently have a 50 people in their 6,800 SQFT Downtown San Jose headquarters at 99 Almaden. They have decided to nearly triple their space to a full floor at 60 South Market, which will bring them up to 17,108 SQFT.

They were quoted saying that staying Downtown was their #1 priority. They want access to amenities and the Caltrain stop but do not want to pay the high rents at Palo Alto and Mountain View. Hopefully we'll see a lot more companies make similar decisions!

Source: SVBJ

http://www.retailnext.net/uploads/logos/RetailNext-logo.png


Centerra Breaks Ground Today!

Thanks "Good New Boy" (a quasi-anonymous poster) for the heads up! If anyone has photos feel free to send them in.

Tuesday, September 10, 2013

Misora @ Santana Row

I received a whole stack of photos from Santana Row's latest residential project, called Misora. This is located right behind California Cafe and Lark Creek Blue and consists of Studios, 1-2 Bedroom Flats, 1-2 Bedroom Lofts, and Townhomes. The amenities and location are as good as it gets, and prices range from the high $2k/mo range all the way up to $10k/mo. The photos below are courtesy of Imagetel Photography.
















Monday, September 9, 2013

New Japantown Project Moves Forward!

There appears to be no shortage of San Jose projects getting off the ground lately. The former La-Z-Boy warehouse is going to transformed into 166 units of luxury apartment living at 825 N. 10th Street. The development will feature studios, 1 bedroom, and 2 bedroom apartments ranging from $1,600 to $2,800 per month. As for amenities, they are shooting for "boutique-hotel living." There will be a nice pool (pictured below), a yoga studio, workout area, and I'm sure much more.

Contractors are going to start work immediately on the industrial conversion. Construction should take 17 months with leasing starting in late 2014 or early 2015.

There is also work on an 80 unit for-sale project across the street and a major mixed-use project on the city corporation yard with 600 units. I have a feeling we're going to need more than one Bikeshare station in Japantown!

Source: SVBJ



Sunday, September 8, 2013

Little Italy San Jose Updates!

So it looks like there is some movement in San Jose's new Little Italy neighborhood. First off, Paesano's is about to get some company. Bel Bacio Cafe should be opening any week now and they are also trying to get a Pizzeria/Wine Bar. The giant arch at the entrance of Little Italy is a go (design below). Last but not least, they are raising $360,000 to purchase and restore a 1910 Victorian house in Little Italy and turn it into an Italian museum to honor the contribution of Italian Americans in Santa Clara County. So far, they have already raised at least $280,000.

Keep on trekking guys, it sounds like you are making some serious progress!

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Please Help and Spread the word. We have been working hard to raise $360,000 to purchase a property in Little Italy into an Italian American Museum and Cultural Facility. We have raised $280,000 and have secured the In Kind donations for renovation of the Home.

We need $80,000 in the next two weeks!!!

We have Bel Bacio Cafe opening in a few weeks, a 31 foot Arch going up soon, are in the works for a pizzeria/Wine Bar. Help us get the property for the museum!!!

http://www.razoo.com/story/Little-Italy-San-Jose-Museum-Cultural-Center-Project
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Saturday, September 7, 2013

Saturday Stats: San Jose Ranks as 2nd Most "Thriving" City in America

The Daily Beast has put together a list of urban areas whose economies have been improving faster than most in the US. San Jose ranks 2nd on the list! They looked only at the 100 largest metros and compared their population growth (20% weight), employment and earnings (30% weight), market strength (20% weight), infrastructure (15% weight), and intellectual capital (15% weight). Below are the results!

America's Thriving Cities

1.) Irvine
2.) San Jose
3.) Fremont
4.) Austin
5.) San Francisco
6.) Seattle
7.) Plano
8.) Gilbert
9.) Orlando
10.) San Diego

Source: The Daily Beast, Hat tip to Dan


Friday, September 6, 2013

South FIRST FRIDAYS Art Walk + STREET MRKT Today!

From Phantom Galleries:
AnnoDomini_Sept2013.jpg
Cement Eclipses at Anno Domini Gallery

The South FIRST FRIDAYS Art Walk + Street Mrkt is this Friday, Sept. 6th, 7-11pm.
In addition to 22 participating art walk venues, there's the Street Mrkt with 60 amazing artists and indie creatives selling their work directly to art walk patrons. On the live music stage is the Sunrunners + Light Thieves + Curious Quail with emcee David Knight.
Check out the full line up here: www.southfirstfridays.com
Join the Facebook page here: www.facebook.com/ArtWalkSJ
and here's a map you can print out or save to your smart phone.

Smashburger Now Open at San Jose Market Center

The first Smashburger in Silicon Valley just opened up at the San Jose Market Center! The gourmet burger joint competes with other restaurants like The Counter and Five Guys. They differentiate themselves with creative toppings, Haagen-Dasz milkshakes, and craft beer. Based on Yelp, the chain is highly reviewed and I'm sure a lot of people will be happy to have one of these in the South Bay.

Eventually they plan to open a total of five stores in San Jose, and 10 more in the greater Silicon Valley area.

Source: SVBJ

Thursday, September 5, 2013

Santana Row September 2013 Happenings

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Santana Row September 2013 Happenings
And A Look Ahead to October and Beyond
Events, Promotions, New Openings at Silicon Valley’s Premier Destination

 
San Jose, CA  (Aug. 28, 2013) – A first-time fashion extravaganza celebrating a new season of style, a new store to explore and the annual holiday celebrations are part of anticipating cooler day at Santana Row.
 
Fall Fashion Affair
A Saturday of fashionable fun, focused on Fall Fashion 2013!
Saturday, September 14
 
Santana Style Stroll from 1 p.m. to 4 p.m.
Begin the day exploring The Row for specials meant to make you feel and look your stylish best. Meet Silicon Valley style experts who will be stationed in select stores to show you the latest trends.
Guests will receive a swag bag of goodies and be pampered with beauty treatments, touch-ups and mini massages. Stylists, fashion editors, bloggers and professional consultants will help you navigate the trends that will best work for your lifestyle and offer advice and inspiration. To push everyone toward taking a style leap, professional models will be wearing fall’s freshest looks inside the designated shops, including Flying Lizard, Jest Jewels, Ted Baker, Blues Jean Bar, AVEDA, Donald Pliner, Cole Haan, Kate Spade, Tommy Bahama, Chico’s and Boutique Harajuku. Along the way guests are invited to sip cocktails and taste savory (and sweet!) treats.
Tickets are $30 and benefit the Junior League of San Jose.  Stop by the concierge office or go towww.SantanaRow.com  to purchase tickets.
 
Prix-Fix Fashionably Late Lunch from 2 p.m. to 6 p.m.
Famished from your fashion marathon? Check out the menu at several Santana Row restaurants offering a $20 two-course special with a drink or dessert option.
 
The Row Fashion Shows on the Outdoor Runway, 6 p.m. to 10 p.m.
Start or end your evening celebrating style on The Row with free outdoor fashion shows every 30 minutes. Models will walk down the main street of Santana Row on a raised catwalk that runs from Madewell to LB Steak. Fall favorites from a designated store will be featured every half hour.
In between, fashion revelers can pop into the in-store parties going on near the runway at retailers and be part of special style presentations and parties in various stores, all free and open to the public. Participating stores include Anne Fontaine, Gucci, Calypso, Madewell, Splendid, Free People, Furla and Franco Uomo. The in-store parties will include DJ’s, window modeling, cocktails, trunk shows, discounts and more.
A special media area will be set up at the end of the runway with seating for reporters and bloggers and a riser for photographers. Please contact Donna Kato for more information.
 
Twitter Promotion @SantanaRow Invites Tweets #LifeOnTheRow
For a Chance to Win Gift Cards to Restaurants at The Row
Join Santana Row’s Twitter campaign and photo contest through the @SantanaRow Twitter handle. The contest invites anyone at Santana Row to Tweet photos of a new outfit, haircut, meal, event or artsy shots and then Tweet it to Santana Row with the hash tag #LifeonTheRow. Every month, Santana Row will post an album on Facebook with all of the photos with the #LifeonTheRow hash tag. The person who took the best or most original photo will win a gift card to a Santana Row restaurant.
 
Lunch on The Row & A Show
Mondays through Thursdays, Sept. 2 to Oct. 31
Enjoy a weekday afternoon at Santana Row with lunch  plus  a show. A two-course lunch is offered at participating restaurants followed by a matinee at CineArts Theatre. Present your same-day itemized receipt to the Santana Row Concierge Center for a movie voucher that can be redeemed for any weekday matinee. For a full list of participating restaurants and specials, go to SantanaRow.com.
 
Mommy & Me & Daddies, Too: “Safety Day”
Sept.10  and every second Tuesday of the month, through December
Learn all about safety with local heroes from the San Jose Fire Department and Police Department. After the safety lessons, families can enjoy a live musical performance from Andy Z with the local public safety heroes joining in the fun! Face painting, balloon animals, arts & crafts and educational activities are designed for parents and their pre-school aged children.
Details: 10 a.m. to noon at Park Valencia. Mommy & Me & Daddies, Too is a free kids club held on the second Tuesday of every month from May through December. For more information, call 408.551.4611 or visitwww.SantanaRow.com.
 
 
A look ahead to October…
 
Scotch & Soda
Opening Late October
Amsterdam-based fashion brand Scotch & Soda is opening its first South Bay location at Santana Row just in time for the holiday shopping season.
The 1,840 square-foot store will be located on the corner of Tatum and Santana Row, next to kate spade new york.
Scotch & Soda at Santana Row will offer high-quality clothes and accessories for men and women. Rich in detail, they’re typically inspired by the best tried-and-tested classic and vintage styles and enriched with a wealth of inspiration from around the world. Though Scotch & Soda has been around since the ‘80s, the international fashion brand as we know it today originated in 2001 when the new owners combined their broad experience and shared love for making great garments. The women’s collection, Maison Scotch, entered the market with the Spring/Summer 2010 collection and accounts for a large part of the company’s continuous growth. For more information about the store, go to:www.scotch-soda.com.
 
Mommy & Me & Daddies, Too: “Happy Halloween”
Oct. 29, but usually  every second Tuesday of the month, through December
No tricks, just treats! Wear your costume and trick-or-treat on The Row. Enjoy pumpkin decorating, Halloween photos, craft projects and a live musical performance by Andy Z. Santana Row will provide a FREE trick-or-treat bag for kids.
Details: 10 a.m. to noon at Park Valencia. Mommy & Me & Daddies, Too is a free kids club held on the second Tuesday of every month from May through December. For more information, call 408.551.4611 or visitwww.SantanaRow.com.
 
 
A look ahead to November and December…
 
Rainy Day Rewards, Nov. 1 through March 31, 2014
When there’s a 70 percent or greater chance for rain, shoppers and diners braving bad weather will be rewarded with discounts that include 15 percent off purchases at participating shops and restaurants, a free signature Santana Row golf umbrella for customers who spend $150 anywhere on The Row and a $20 gift certificate to a participating shop or restaurant for customers who spend $300 on a designated Rainy Day.
No need to get wet:  On all rainy days, customers can pick up a complimentary umbrella to use while shopping and dining and then return it before leaving. The yellow umbrellas are conveniently located throughout The Row - outside Concierge, Via between Village California Bistro and Lark Creek Blue and the valet parking lot in the Winchester Parking
Garage.  
 
Mommy & Me & Daddies, Too:  “Give Thanks”
Tuesday, Nov. 12  and every second Tuesday through December
The holidays remind us to pull together and help those less fortunate and November’s program encourages kids to bring a canned food item that will be donated to Second Harvest Food Bank. Holiday fun includes face painting, balloon animals, Arts & Crafts with Action Day and mini manicures for little ones by Lavande nail spa. Moms and kids will be entertained by music and performances by Ballet San Jose School, the Harvest Scarecrow and Andy Z. Snacks are provided by Happy Family Brands and there’s a drawing to win a $50 gift card from The Container Store.
When:  10 a.m. to noon at Park Valencia. Mommy & Me & Daddies, Too is a free kids’ club held on the second Tuesday of every month from May through December. For more information, call 408.551.4611 or visit  www.SantanaRow.com.

Santana Row’s Annual Tree Lighting Ceremony
Tuesday, Nov. 19, 3 p.m. to 9 p.m.
Santana Row celebrates the 2013 holiday season with the annual Light Up the Row Tree Lighting Ceremony, a day of fun for the entire family.
The day of holiday festivities include live music, costumed characters, special guests, performances by local theater and dance groups and the lighting of the 40-foot Christmas tree, making this one of the most exciting holiday events in Silicon Valley.
Festivities are scheduled from 3 p.m. to 9 p.m., with tree lighting slated for 7 p.m. in Santana Row Park.
The full lineup and guest stars will be announced soon.
 
On Your Mark, Get Set, Let’s Shop! Black Friday events at Santana Row Friday, Nov. 29
The day-after-Thanksgiving shopping tradition at Santana Row includes discounts, door buster morning specials and treats throughout the day. Many stores are offering customers 25 percent to 70 percent off merchandise all weekend with giveaways such as free totes, gift cards with purchase and holiday refreshments throughout the day.
Santana Row hours are 9 a.m. to 10 p.m. on Black Friday, with many stories extending hours during the Black Friday weekend. For a comprehensive listing of retail and restaurant events and offerings, check SantanaRow.com during Thanksgiving week.
 
“One Warm Coat” Drop-off at Santana Row
Fri. Nov. 28 through Dec. 31
Donate a new or gently used coat and it will be given to a needy family this winter.  Drop-off locations include  CineArts Theatre, Crate & Barrel, Sur La Table and the Santana Row Concierge. The charity coat drive continues through Dec. 31.
For more information:  call 408.551.4611 or visit  www.santanarow.com.
 
Santana Row holiday hours:
Christmas Eve: 10 a.m. to 5 p.m.
Christmas: Closed
New Year’s Eve: 10 a.m. to 6 p.m.
New Year’s Day: 11 a.m. to 6 p.m.

“Shop, Enjoy and Give” Holiday Wine & Dine Around: A Benefit for Second Harvest Food Bank, Dec. 3, 10 and 17
Help those in need while you complete your holiday shopping during Santana Row’s “Shop, Enjoy & Give” event that benefits Second Harvest Food Bank. Purchase a $10 ticket on  SantanaRow.com  or at the Concierge center and receive complimentary food and wine tastings in Santana Row shops and restaurants between 6 and 8 p.m. Also included: a signature Santana Row wine glass and exclusive holiday shopping discounts. Bring a donation of canned food when you purchase your ticket and receive $2 off the ticket. (Customers must be 21 years or older.)
 
Menorah Lighting at Santana Row Park, Sunday, Dec. 4
Santana Row celebrates the first night of the Jewish Festival of Lights with Kosher treats, entertainment and activities that include decorating dreidels, Jewish story time, arts & crafts and the lighting of the Menorah. The evening is co-hosted with the Jewish Federation of Silicon Valley and The PJ Library.
The celebration will take place from 4:30 to 6 p.m. at Park Valencia.
Santa Paws, a Benefit for Humane Society  Silicon Valley, Dec. 8
Bring your canine and feline friends to Santana Row's Park Valencia for a keepsake photo with Santa Claus. Photos are $20 and a portion of the proceeds will benefit Humane Society Silicon Valley. Registration begins at 10:30 a.m. in Park Valencia. Photos are taken from 11 a.m. to 2 p.m.
 
Mommy & Me & Daddies, Too: “Celebrate the Season”
Dec. 10  and every second Tuesday of the month, through December
The last Mommy & Me & Daddies, Too for the season includes live entertainment from Andy Z, story time with Mrs. Claus, sampling from Happy Baby Brands, mini manicures from Lavande nail salon, a raffle from The Container Store, arts and crafts with Action Day Primary Plus, Balloon Animals and Face Painting and more!
When:  10 a.m. to noon, weather permitting, at Park Valencia. Mommy & Me & Daddies, Too is a free kids’ club held on the second Tuesday of every month from May through December. For more information, call 408.551.4611 or visitwww.SantanaRow.com.
 
 
About Santana Row
Santana Row a 1.5 million square foot mixed used development in the heart of San Jose, California, is Silicon Valley's premier destination for shopping,
dining, living and nightlife. Surrounded by landscaped gardens, parks and plazas, Santana Row features over 70 retail shops, more than 20 acclaimed restaurants, a 212-room boutique hotel and six-screen movie theatre. In addition to the dynamic retail collection, Santana Row offers 622 residential units featuring a fitness center, rooftop pool and resort-living accommodations, and 65,000 square feet of office space at 300 Santana Row, its newest office address. Santana Row is a property of  www.federalrealty.com  (NYSE:FRT), headquartered in Rockville, Maryland. For more information, please visit  www.santanarow.com.
 
 
About Federal Realty

Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, and redevelopment of high quality retail real estate in the country’s best markets.  As of September 30, 2012, Federal Realty's portfolio (excluding joint venture properties) contained approximately 19.1 million square feet located primarily in strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, and California. In addition, the Trust has an ownership interest in approximately 1.0 million square feet of retail space through a joint venture in which the Trust has a 30% interest. Our operating portfolio (excluding joint venture properties) was 95.1% leased to national, regional, and local retailers as of September 30, 2012, with no single tenant accounting for more than approximately 3.1% of annualized base rent. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 45 consecutive years, the longest record in the REIT industry. Federal Realty is an S&P MidCap 400 company and its shares are traded on the NYSE under the symbol FRT. For more information, please visit  www.federalrealty.com.

Wednesday, September 4, 2013

SPUR San Jose Grand Opening Next Week!

Thanks to Alyssa for sending this in!


Event image

Join us for the grand opening of SPUR San Jose's gorgeous new headquarters! Mix and mingle with your fellow urbanists and celebrate the city at our second annual San Jose Member Party.
Thursday, September 12, 2013

5 - 9 p.m.
SPUR San Jose Headquarters
76 South First Street*
San Jose, CA 95113

Non-member registration >>
Already a member? Registration is free >>

Member support enables us to promote good government and good planning through research, education and advocacy.

*Please note: space is limited, so registration is required.

The Knight Foundation Donates $495,000 to Bridging the Digital Divide

It is pretty easy to take a lot for granted living in Silicon Valley. For example, while the internet appears ubiquitous to us and it is impossible to imagine a life without it, there are still 5 billion people in the world with zero access to the web. Even in our own backyard there are communities with limited access.

A couple weeks ago the Knight Foundation announced they were investing nearly a half million dollars in programs that will bridge the digital divide as well as help residents find information on transportation and affordable housing, empower Silicon Valley nonprofit leaders by learning how to use digital tools and cut costs, and create an internship program in Palo Alto for low-income youth.

The Knight Foundation is based in San Jose and hopefully many of our communities will benefit from these programs. For more information, just have a look at the source links below.

Source: Knight Foundation, Knight Blog

socialmedia

Tuesday, September 3, 2013

New For-Sale Residential Project Downtown

If One South, Centerra, the two KT Properties towers in San Pedro Square, and the Pierce weren't enough, there is yet another residential project happening Downtown. SiliconSage Builders is turning an aging used-car lot behind the San Jose Convention Center into 100 for-sale homes.

They designed this project to match the surrounding Craftsman-style homes, but I have to say that the design looks antiquated even before a single shovel hits the ground. For example, have a look at the very bottom at what The Pierce in SoFA is going to look like. That building is going to be just a couple blocks away as is 360 Residences. When you try to match everything in the neighborhood, things start looking pretty homogeneous and generic. We should be trying to set the bar higher and not worrying about things looking out of place. The buildings that stand out are usually the ones that bring new character to a community.

I'm happy to get more people Downtown and extra foot-traffic in SoFA, but I think this project could have been much more dense and look a heck of a lot better than what is planned. What do you guys think?

Source: SVBJ

SiliconSage Builders is aiming for a construction start next year on a 100-unit for-sale project next to the San Jose Convention Center. 

The Pierce in SoFA

Monday, September 2, 2013

Bay 101 Planning New Complex Closer to M8trix

M8trix was a dramatic improvement over Garden City Casino, bringing with it a tiny bit of Vegas to San Jose and a colorful new tower. Now it looks like Bay 101 is looking to not only looking to do a similar remodel but move much closer to their gaming neighbor. They purchased a 20-acre hotel at 1740 N. First and are planning a 87,000 SQFT card club with two attached hotels with a combined 470 rooms, retail space, an upscale restaurant, and a six-story parking structure. Note that while the card club would be 12,000 SQFT larger than their current home, the number of gambling tables would be the same since the limit is set by San Jose voters. The skyline would also benefit from the two modest hotel towers as one would be 9 stories and the other would be 10, and both would be visible from Highway 101 and probably 880.

The new plans will happen in phases (much like M8trix which is also planning a hotel tower and celebrity-chef restaurant) with the card room happening first, followed by the hotels and the parking structure. The location is really ideal for them: no residential neighbors, close to 101, close to the airport, and next to techies along North First. It also would open a development opportunity on the site of the old casino. Looks like a nice project!

Source: SVBJ


Sunday, September 1, 2013

Vitriflex Raises $3M

There is always a lot of buzz around new start-ups raising money on the Penninsula and SF, so I want to make sure to at least mention San Jose area start-ups that close a round of funding. We do have plenty of start-ups as well, not just tech giants like Cisco, eBay, Cadence, etc.

Vitriflex is a company that develops gas barrier film technology for use solar panels and mobile screens. They just raised $3 million, which is in addition to the $5 million that they raised last year. The new money likely means more jobs and more opportunities in the area.

Source: SVBJ