Avenues: The World School Purchases Expands, Purchases San Jose Property for $33MM

The World School, 525 Race Street, San Jose, Vocera Communications, Toeniskoetter Development
Courtesy of Efficiency Lab for Architecture

By Meghan Hall

Avenues: The World School is continuing to expand its presence in San Jose, buying property near its latest campus. In a deal that was finalized last week, the school, known as “Avenues,” paid $33 million for a 1998 commercial property. First reported by The Mercury News, the deal was all cash. Public records show that the seller of the asset was an entity affiliated with Toeniskoetter Development.

The property is located at 525 Race Street, and it is currently developed with a 72,700 square foot building. It is currently occupied by Vocera Communications. It is adjacent to a sizable campus that Avenues has in the works along Meridian Ave. and that was originally pitched in April of 2020. The 400,000 square foot project is expected to serve children from pre-kindergarten through 12th grade.

Project documents indicate that the development would include both the adaptive re-use of several of the buildings as well as new construction. In all, there will be seven buildings that include 128 classrooms, a theater, a gym and aquatic center, administrative space and sports fields. It is estimated that the project will include up to 450,000 square feet of new development.

Upon completion, the school would support around 2,700 students and 480 faculty and staff. Like much of the Bay Area, the City of San Jose has experienced explosive growth over the past decade. According to the U.S. Census Bureau, San Jose’s population grew by 8.2 percent between 2010 and 2018, with children under 18 representing 22.7 percent of the population.

The arrival of Avenues in San Jose will provide many students in San Jose and the greater Bay Area with access to what the school touts as world-focused learning. According to its website, Avenues has an R&D department specifically focused on educational research and development to explore topics such as empathy in learning, language immersion and high-tech integration. Students who are admitted to Avenues’ San Jose campus will also be admitted to all of its campuses around the world. 

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