By San Jose Downtown Association
Downtown Dimension newsletter Vol. 25 No. 7, December 2013
It has taken awhile, but development and construction in downtown San Jose has stirred to life with several projects under way and more in the pipeline.
The only major construction in the last five years was the $130 million Convention Center expansion, which finished in August. But on Nov. 23, two mammoth cranes were erected skyward at One South Market, where a 312-unit apartment tower is being built, and at the 347-unit Centerra development next to San Pedro Square.
“These are signs of the maturation of downtown San Jose as a mixed-use, 24-hour place,” said Mark Ritchie, president of Ritchie Commercial.
A map of development projects at sjdown-town.com/developmentresources shows a dozen projects in process. On the residential side, projects totaling almost 2,700 housingunits are being built or in process. That’s almost twice the amount last reported in the July edition of Downtown Dimension.
The massive Santa Clara County Family Justice Center at St. James, Market and Devine streets is also being prepared for another crane that will help construct an 8-story building of almost 234,000 square feet, including two dozen courtrooms.
Residential in Brief
- Saint James Towers – by KT Properties, St. James, San Pedro, St. John and Terraine streets, 612 units, 20- and 22-story parallel towers, 15,000 square feet retail.
- North San Pedro – by Intracorp Companies / North San Pedro Townhomes, LLC, 195 W. Julian St. at Terraine and Bassett streets, 6 stories, 408 units, no retail.
- UNDER WAY: Centerra – by Simeon Residential Properties, Almaden Avenue and Carlysle Street, 21 stories, 347 units, 7,000 square feet of retail.
- UNDER WAY: One South Market – by KT Properties, Essex Trust, Inc., and Spring Capital Group, 1 S. Market St., 23 stories, 312 units, 6,000 square feet retail.
- The Pierce – by Sares Regis Group of Northern California and Steinberg Architects, Pierce, South Market and West Reed streets, 7 stories, 235 units, 9,400 square feet commercial.
- Parkview Towers – by Barry Swenson Builder, First, Second, St. James and Devine streets, 18 stories, 197 units, 5,000 square feet retail.
- Marshall Squares property – by Fairfield Residential, First, Second and St. John streets, 7 stories, 195 units, retail to be determined.
- Post and San Pedro Tower – by DiNapoli Capital Partners, Post and San Pedro streets, 19 stories, 156 units, 7,000 square feet retail.
- Civic Center – by Symphony Development, Santa Clara, Fourth and Fifth streets, 7 stories, 127 units of student housing, no retail.
- Balbach Condominiums – by SiliconSage Builders, 180 Balbach St., 4 stories, 100 units, minimal retail.
- UNDER WAY: Santa Clara County Family Justice Center – by State of California, St. James, Market and Devine streets, 8 stories, 233,900 square feet, no retail.
- Hampton Inn & Suites – by FPG Development Group, West Santa Clara at Highway 87, 197 rooms, 8 stories, 5,900 square feet retail.
“The best part of these plans is getting some stuff up around St. James Park,” Ritchie added. “That’s critical.”
The map also shows 27 more potential development sites. The city has sweetened the deal on one development site at 200 Park Ave., across from Adobe Systems and the Center for the Performing Arts. It is willing to combine the 30,000 square feet of land on which the Parkside Hall sits with the privately owned adjacent 28,000-square parcel. The city would want an office or residential tower up to 23 stories and a mixed-use development that would include a replacement exhibit hall. Interested parties have until Dec. 13 to respond to the city’s request for qualifications