SAN JOSE — A realty firm has proposed development of a big office building and hundreds of residential units that would become a transit village perched along a light rail line in San Jose.
Bay West Development is eyeing a project that would consist of 447 residential units and 200,000 square feet of office space on a triangle-shaped lot near the corner of South Bascom Avenue and Southwest Expressway, and adjacent to the Bascom light rail station.
“For us, it’s critical to have a rail stop,” said Pete Beritzhoff, a partner with Bay West Development. “For both residential and office development, it’s becoming more and more important that mixed-use sites are on a rail line.” Beritzhoff noted the development is in the very early stages and the housing density could be somewhat modified.
A growing number of developments with varying mixes of office, residential and retail have begun to sprout, or are being actively planned, at an array of sites near train stops.
“This is the future, these developments along transit stops,” said Mark Ritchie, president of Ritchie Commercial, a realty brokerage.
Near the Diridon train station, Mountain View-based Google has proposed a mixed-use, transit-oriented community of 6 million to 8 million square feet of offices, retail and residential developments. Eventually, the development could accommodate 15,000 to 20,000 of the search titan’s employees in offices that would be integrated with local neighborhoods.
A short distance from Diridon Station, Adobe Systems intends to expand its downtown San Jose headquarters campus of three high rises by building a fourth office tower on a lot adjacent to the tech giant’s existing complex.
In the case of the new project along Southwest Expressway and South Bascom, the development would sit next to the Bascom light rail stop.
“This is a phenomenal site,” said Bob Staedler, principal executive with Silicon Valley Synergy, a …read more
Source:: The Mercury News – Business