By Meghan Hall
Cupertino, Cali.-based KT Urban has submitted a preliminary proposal for the redevelopment of a 2.6-acre parcel off of Woz Way, but is keeping its options open with several different preliminary schemes presented to the City of San Jose. According to San Jose planning documents submitted October 2nd, KT Urban has proposed developing either an all-office or all-residential project for the site, as well as a third potential scheme that would include a mix of office or residential.
Along with Portland-based C2K Architecture, KT Urban is considering plans for a 20-story, 1.5 million square foot development entirely made of office space, a 27-story, all residential tower with 750 units, or a combination of the two, which includes two, 27-story towers with 500,000 square feet of office, a 300-key hotel and 300 residential units.
According to the Mercury News, who first reported on the plans, KT Urban has obtained purchase agreements with the property owners of the nearly 20 parcels, owned by four entities or individuals, required to construct the project. Currently, the proposed site is a residential block.
However, the property is located in a buzzing part of San Jose, where several massive developments have taken shape. Boston Properties intends to construct a 17-story, 2.6 million square foot office tower just across the street from KT Urban’s project site at the northwest corner South Almaden Boulevard and Woz Way. Sobrato Organization is also in the midst of refining its plans for Block 8, a 548,000 square foot office development on Market Street downtown, while San Francisco-based Jay Paul Co. was recently granted city approval to move forward with 200 Park, a 19-story office tower featuring 875,000 square feet of office space and 26,000 square feet of outdoor terraces. Construction is expected to begin this month with delivery of the project anticipated for June 2023.
And while there are many prolific developers focusing on downtown San Jose, KT Urban has approached development in the growing city with a heavy hand. KT Urban is pursuing at least six major projects in San Jose, according to the company’s list projects on its website.
This latest project is also not the first that KT Urban and C2K Architecture have collaborated on. Currently, the two firms are working on several other, multiple large-scale projects throughout San Jose, including Valley Title. Located on a 2.84-acre parcel bordered by San Carlos Street, San Salvador, First and Second Streets, the development is the largest within San Jose’s SoFA (South First Area) District. The current mixed-use plan for the property includes three high-rise towers totaling 2.8 million square feet, which if maximized, will include 1,000 residential units, a 120-room hotel and 36,000 square feet of ground floor retail.
The two firms are also working to develop Greyhound: the site of the current Greyhound bus station, the project would be the largest ever proposed—based on unit count—in the central business district of San Jose, according to KT Urban’s website. One 23- and one 24-story tower are expected to rise there, and will include more than 700 residential units, three levels of underground parking, and ground floor retail.
KT Urban did not return The Registry’s request for comment.