Blog

Downtown's Only Movie Theater Shuts Down Temporarily For Transformation

Camera 3, San Jose's first indie movie theater and currently the only movie theater in Downtown San Jose, will temporarily be shutting down through the remainder of the year. The reason for this? The theater is set to transform into a hybrid movie and live theater known as Three Below. The lobby, restrooms, and theaters themselves will be gutted and extensively renovated. The largest theater will be used for live performances like concerts, opera, and musical theater. Independent films will still be played in the other two screens along with some new additions like singalong movies, repertory films, documentaries, and retro movies. Sing-alongs such as The Rocky Horror Picture Show will still play alongside more modern favorites like Harry Potter, in addition to live events s...
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East San Jose Site Slated for Mixed Use Development

East San Jose is seeing its own share of development now as a 10.6-acre property at 641 Capital was sold to a developer earlier this month for $30 million. The land is already entitled for 188 condos, a medical office building, a commercial/retail building, and a mini-storage building. 30 of those units would be "E-homes" or "environmentally friendly homes" and include solar panels and electric car charging stations. The homes would be 3-story townhomes that, to this point, have been present as for-sale condominiums. On the northeast corner of the property, a 10,000-square-foot, two-story mixed-use building would rise next to a 28,000-square-foot medical office building with an "art plaza" between them. Plans show a one-acre park, including a playground, an orchard and community garden, ne...
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October 2017 Downtown Dimension Highlights

October 2017 Downtown Dimension Highlights: BART construction in Downtown is expected to start in 2019 and finish in 2026. The big debate is between using a double-bore tunnel (like every other subway in the US) or a single-bore tunnel that would greatly minimize disruption to Downtown but has only been used overseas. KT Urban proposed two towers: a 27-story, 285-unit tower with 6,105 SQFT of retail at 600 S. First in SoFA an 18-story, 302-unit tower in North San Pedro with 10,000 SQFT of retail Equus Capital Partners wants to build a 24-story, 260 unit tower with 1,500 SQFT of retail in CityView Plaza. ECI2 North Third wants to build a 26-story, 400-unit tower for student housing near City Hall. Taco Annex is now open at 287 S. First inside the SoFA Market. Earl of Sandw...
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Microsoft Joins Adobe and Google in the Race for a San Jose Expansion

Amid buzz stirred by announcements for expansion by Adobe and Google in San Jose, another tech giant is now throwing its hat into the ring. Microsoft Corp. has purchased nearly 65 acres on a swath of farmland in north San Jose between Zanker Road and Coyote Creek. The property is positioned in an area that is primed and ready for growth with new transit options in the queue. With a couple of development options to consider, the San Jose Planning Commission and the City Council will review the proposals next month. One option up for approval would bring 1.2 million square feet of light industrial space to the site while the second would bring a 436,880-square-foot data center and a new PG&E substation on 26.5 acres with another 728,000 square feet of light industrial space on...
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Downtown Gets New High-Rise Student Housing Option Days After Mayer Announces 5-Year Housing Plan

A new residential tower geared towards student housing is the next in line for downtown development. The Graduate, an L-shaped project being built at 300 S. 2nd St., will be 260-room high rise a block from the edge of San Jose State University. The Graduate development is a joint venture between the San Jose-based Swenson, a realty development, and investment firm, a Los Angeles-based Amcal Equities, a residential developer. The high-rise is intended to serve as a connecting factor between campus and the SoFa Arts District along with all of the other surrounding urban amenities offered by downtown. San Jose’s SoFa Arts District is described as the downtown’s principal arts and entertainment area.  It stretches along three blocks of South First Street between San Carlos and Reed ...
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4 New Residential Towers Proposed for Downtown

Amid the flurry of downtown development news, four more residential towers have been proposed that would extend downtown’s high-rise footprint beyond its current boundaries. To see more, check out http://sjdowntown.com/hot-market/. Garden Gate Tower: KT Urban proposes development of a 27-story, 285-unit property with 6,105 square feet of retail at 600 S. First St. in SoFA, where Garden City Construction office, a multi-unit residential building and parking lot are located KT Urban once again used C2k Architecture to draw plans for the now-titled Garden Gate Tower, and like the Axis, Silvery Towers and One South Market buildings before it, will be plated in glass. This building would have four levels of parking underground and three levels above. If built as proposed, it would stand 28...
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Proud to be #15 on the Silicon Valley Business Journal’s

The Silicon Valley Lofts & Condos team is excited to share that our parent company, Silicon Valley Residential Realty, was ranked 15th on the Silicon Valley Business Journal’s “Top Residential Real Estate Firms” for 2016. This is the brokerage’s sixth year in a row earning a spot on this notable list and we are thrilled that our ranking continues improving with each year! We know this honor would never have been possible without the support of our outstanding clients, friends, and family.   Each year this ranking is determined based on gross dollar volume of closed sales. To earn this significant recognition, Silicon Valley Residential Realty was competing with agencies as large as 1500+ agents.  We are proud that our six-agent strong team w...
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Google and San Jose City Officials Agree on Vision for a Downtown Campus

In a recent development regarding the Google development, Google has indicated that it is on board with San Jose’s vision for a transit-oriented village that is fully integrated with the community. This is in contrast to other tech giant campuses that are entirely isolated from their neighbors, such as Apple’s “spaceship” in Cupertino. According to City Councilman Raul Peralez, “The project Google has proposed has the potential to be the biggest private development in the history of San Jose.” Peralez represents the downtown district where Google is planning a transit-oriented development that could employ 15,000 to 20,000 workers. Negotiations between city officials and Google have begun surrounding the sale of 16 city-controlled properties that Google would need to pur...
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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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