By Meghan Hall
Developers and major tech companies are increasingly turning to San Jose to build new office campuses and mixed-use developments, and it looks like another could be on the way. Boston Properties, one of the nation’s largest owners, managers and developers of Class A office properties, recently submitted a proposal to the City of San Jose to construct a 1.8 million square foot office campus at the corner of Almaden Boulevard and Woz Way.
The office building could stand as high as 17 stories and could also include ground-floor retail and restaurant spaces, although specifics were not indicated in the project’s initial plans. The development has been named South Almaden Offices, and the proposal is the newest of several that Boston Properties has proposed for the site. Industry reporting indicated that the firm had expressed interest in building three towers, totaling 860,000 square feet, on the site in the spring of 2018.
Located at 447 Almaden Blvd., the new building would be located directly across from the San Jose McEnery Convention Center and the Guadalupe River. Interstate 280 and State Route 87 are directly next to the site, and the San Jose Center for the Performing Arts and Children’s Discovery Museum are also within walking distance. San Jose’s SAP Center is also a few minutes’ drive away.
Currently, the site is a surface parking lot, however it has been in the developer’s sights for some time. Boston Properties has explored the redevelopment of the 3.67-acre property for some time since 2003 and has extended its development agreement with the City on several occasions.
This latest proposal, however, is indicative of Boston Properties interest in San Jose given the recent development activity in in the city’s downtown core and city’s announced development agreement with Google around the Diridon Station. The firm also owns Innovation Place, a 543,900 square foot office development spread through four buildings in San Jose, in close proximity to Silicon Valley’s Golden Triangle. Boston Properties has also agreed to develop a 1.1 million square foot office development — known as Platform 16 — at 440 W. Julian St. as part of a joint venture with TMG Partners near Diridon Station and Google’s anticipated mixed-use village.
Throughout San Jose, numerous other, massive projects are in the works, from Federal Realty’s Santana Row expansion to Jay Paul Co.’s plans for CityView Plaza. Tech conglomerate Adobe, Inc., is also building a fourth office downtown to expand its headquarters in the city.
Boston Properties did not return The Registry’s request for comment.