San Jose, Shea Properties and Ivanhoe Cambridge to Break Ground on 518-Unit Japantown Development

San Jose, Shea Properties, Ivanhoe Cambridge, Creative Center for the Arts, SV Creates

Construction of mixed use project with planned arts facility on former City Corporation Yard begins

San Jose, California, (January 30, 2019) — A celebratory groundbreaking is planned for Thursday, January 31, at the former City of San Jose Corporation Yard location in Japantown, as the first step in realizing the long-planned development of the site by Shea Properties and Ivanhoé Cambridge as a joint venture. The site is bounded by Taylor, Jackson, Sixth and Seventh Streets.

The 3.79 acre project will include a two-building, 518-unit apartment community, and 19,000 square feet of restaurants and retail space, along with a community park. The project will also serve as the site for the planned Creative Center for the Arts, a regional hub for local arts organizations that includes below-market offices, rehearsal spaces, meeting space and classrooms, being developed by SV Creates.

The residential community and retail shops are scheduled to begin leasing in Spring 2021.

“Creating a beautiful new residential development like this fills so many needs for Japantown and San José,” said Nanci Klein, Assistant Director for the City’s Office of Economic Development. “Japantown is one of the our most exciting, arts-rich and diverse neighborhoods, and this development will extend and enhance the experience for residents and visitors. This has been a ground-breaking that was long-anticipated, and we are delighted that the day is here!”

Groundbreaking Details
Thursday, January 31st, 2019,
10 am to 12 noon,
620 N. 6th Street San José, CA 95112 Invited speakers
Sam Liccardo, Mayor, City of San José
Raul Peralez, San José City Councilmember, District 3
Nanci Klein, Assistant Director, Office of Economic Development, City of San José
Joe Yasutake, Past President, Japantown Community Congress
Ezio Sicurella, EVP Investments, Residential & Hotels, Ivanhoe Cambridge
Greg Anderson, SVP, Multifamily Development & Acquisitions

Blessing by Gerry Sakamoto, San José Buddhist Church Betsuin

Performance by San José Taiko

About the City of San José

With more than one million residents, San José is one of the most diverse large cities in the United States and is Northern California’s largest city and the 10th largest city in the nation. San José’s transformation into a global innovation center has resulted in one of the largest concentrations of technology companies and expertise in the world. In 2011, the City adopted Envision San José 2040, a long-term growth plan that sets forth a vision and a comprehensive road map to guide the City’s anticipated growth through the year 2040.

About San José Office of Economic Development

The San José Office of Economic Development is committed to a vital, competitive San José economy that increases prosperity for people and companies. OED guides the city’s economic strategy, provides assistance for business success, connects employers with trained workers, and provides art and cultural resources to our community. For more information, go to http://www.sjeconomy.com.

About Japantown

Japantown is a distinctive, increasingly active neighborhood and one of three remaining Japantowns in the nation. The community continues to add residents and new retail offerings. Diverse residents and visitors are drawn by the mix of new and older homes, an authentic commercial street, and the neighborhood’s proximity to Downtown and light rail. BART will soon open in nearby Berryessa. The neighborhood is home to a unique set of architecture and a variety of residential options that bring old and new together. San José’s Japantown is unique in that it combines the distinct history of Japanese culture. Japantown includes a diverse set of art, entertainment, cultural, and religious offerings. Institutions in the area include the Japanese American Museum, the Buddhist Temple, and San José Taiko. San José Taiko is a regional and national treasure and the only San José-based performing group with regular national tours. Japantown is home to many festivals and events that celebrate community.