Blog

A New Hope for San Jose State Student Housing

San Jose State University had hopes for a new student housing development at the former Camera 1 site in Downtown San Jose. Unfortunately, those plans fell through. Their hope has been restored now as a private land owner has stepped up with a proposal aimed at easing the school’s housing crunch. The proposal details a 26-story mixed-use tower with 400 units, or about 900 beds, dedicated to student housing near campus. The remainder of the building would be comprised of about 8,400 square feet of retail on the ground floor and 495 parking spots. Planning consultant Erik Schoennauer said in an interview about the project, “It creates this pedestrian vitality on the streets and will support retail and restaurant businesses in the area. The students and ground-floor retail wil...
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Sold Off Market: Record Breaking Price at Cahill Park!

Just sold off-market: 254 Grayson Terrace! After negotiating the highest sale price ever seen at Cahill Park, this property ultimately sold for $980,000. This record-setting outcome is indicative of a positive shift in the downtown San Jose real estate market. Other amazing and unprecedented outcomes on properties throughout the area also support this trend. A recent development boom, including the proposed Google campus and the Silvery Towers high-rise, will have a direct impact on the surrounding areas and this impact is already being realized within the real estate market. If you have been thinking of selling and want to take advantage of this extraordinarily hot market, give us a call! ...
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Downtown San Jose BART Extension Update- New Report from City Council Staff

Two key factors in the extension of BART through Downtown San Jose have received official recommendations by San Jose city staff. The first recommendation is in regards to the decision between a single-bore subway and a twin-bore subway. San Jose city staff are recommending a single-bore BART subway for downtown. If adopted, the final construction technique for a single-bore subway would mean far less disruption for downtown during the five-year construction period set to begin in 2020. Mayor Sam Liccardo supports the single-bore approach, however it would be a step out of BART’s comfort zone.  Nearly all of the world’s subways run via the twin-bore approach, the only exception is in Barcelona, Spain. Barcelona is the only example of a single-bore subway line in the world. VTA a...
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San Jose to Prepare a Bid for the next Amazon Headquarters

Amazon has invited cities all across North America to make a bid to host Amazon’s second headquarters. The online commerce giant is currently based out of Seattle, a city that provides an excellent model for the transformational impact that Amazon can have. This bidding war has commenced in the wake of Amazon’s announcement of their plans to build a complex of up to 8,000,000 square feet somewhere in North America that could employ up to 50,000 people. Amazon is soliciting proposals from cities and states around the United States and Canada that meet their predetermined requirements. Some of these include: a city that is at least 45 minutes from a large international airport; has access to mass transit; and is near a “population center.” It will give preference to cities that hav...
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Silvery Towers High-Rise Update

The Silvery Towers high-rise is coming along! Both towers have now reached 17 stories out of the projected 24. We will be keeping up with any new information regarding the expected completion date and sales availability. ...
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New residential tower proposed in the

A new development has been proposed in what is widely considered as the “epicenter” of the development in downtown San Jose. The proposal by developer Equus Capital Partners and Steinberg Architects is a 24-story mixed-use tower at the corner of Almaden Blvd. and Park Avenue. The plans show a projected 260 residential units that sit above approximately 1,500 square feet of retail space along Park Ave. This development marks the beginning of projects that aim to tear down existing buildings to create new developments as opposed to the more common habit of redeveloping parking lots and other relatively empty spaces. In this case, the existing building on the proposed site was once home to the Santa Clara County Superior Court. Today, this distinctive property now sits vacant. Scott Kni...
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Unanimous City Council Vote Gives Museum Place Project the Green Light

During the same recent City Council meeting where the favorable vote for Google was cast (see blog 8/29), city council members also unanimously approved Insight Realty Co.’s Museum Place development. To proceed with this 1.4 million square foot development, Insight Realty plans to demolish the city-owned Parkside Hall and add 60,475 square feet to the existing Tech Museum. In addition to the museum expansion, the developer plans to include a 25-story mixed-use tower. This mixed-use tower will be portioned off with a projected 263,676 square feet of office space, 306 residential units, 21,074 square feet of retail space, and 184 hotel rooms to be operated by the luxury chain Kimpton Hotel. The development will also account for new public art as well as space for about 900 cars that to b...
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Google Proposal Receives Support from the San Jose City Council

In a recent city council meeting, the council held a vote resulting in a 10-1 favor of negotiating with Google to sell 16 city-owned parcels to the tech giant. This vote was cast regarding exclusive negotiations for government-owned parcels surrounding Diridon Station and the SAP Center. These would all become part of a transit village and mega tech campus for Google that, if constructed, would result in between 6 and 8 million square feet of offices and other spaces. According to Nancy Klein, the city’s assistant director of economic development, “It will mean more local jobs closer to home.” However, housing advocates and others are urging the council to ensure that this proposed project brings benefits for the entire community and works to protect a region that is already strugg...
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*Virtual Tour* Exceptional 1 Bedroom now available at Plant 51!

88 Bush St. #1152 at Plant 51 is now on the market and an absolute must-see. For information and photos, visit the property landing page by clicking here.  To explore the unit now using our 3D Virtual Tour, click here!...
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One-of-a-kind Unit Coming Soon at Plant 51

Coming soon! This exceptional condo at the highly desirable Plant 51 offers a rare opportunity to own the only 1-bedroom unit with incredible outdoor space. The home is light and bright with sunlight flooding in from a set of sliding glass doors leading out to the private patio. Facing the quiet interior courtyard, this spacious patio extends the length of the home and offers ample space for outdoor seating and dining. Inside, the gorgeous kitchen comes equipped with high-end cabinetry, stainless steel appliances, and granite counters. High ceilings, recessed lighting, a large storage closet, washer/dryer, and one parking space in the secure garage complete this one-of-a-kind space. Plant 51 offers impressive amenities with a fully equipped fitness center, community lounge, bike kitch...
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