January 9, 2015

First Look: Bixby's New Business Park

Now that Bixby's THE Campus in San Jose is totally full, it's switching gears and focusing on its giant project landing in Santa Clara. We have an exclusive rendering and details. 

Here's a first look at the project, currently underway with a scheduled completion date in Q4 2015. The seven-building, 405k SF Lake Park Business Center is undergoing a comprehensive $20M redesign that includes a massive outdoor courtyard area known as the Bixby Retreat. Spanning the area of a football field, the amenities area provides workers with outdoor space for meetings, dining and recreation. The project is also less than a mile down the street from Levi's Stadium.

Meanwhile, nine months after Bixby's THE Campus in San Jose starting looking for tenants, the 227k SF project is now full. Semiconductor company ASML US just inked a 93k SF leaseBixby put $26M into THE Campus' renovation after taking it out of foreclosure in 2012. The result: a boutique hotel feel, with couch seating areas, fire pits and an outdoor gourmet kitchen. Tenants can burn energy in the bocce ball court or use the yoga area. Bixby has developed more than $425M in projects over the last three years and ASML will share the complex (and yoga mats) with Verizon, which took 136k SF there last year. CBRE handles leasing.

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Sares Regis Group of Northern California (SRGNC) just closed escrow on  1101 West El Camino Real in downtown Mountain View (a rough draft, above). Sares got approval from the City of Mountain View in November to construct condos in the new luxury residential community, which will replace an old car wash on about an acre. The building will be four stories above a subterranean parking garage. Amenities will include a large landscaped courtyard, outdoor entertainment spaces, electric charging stations for residents, and a secure bike storage and repair facility. The planned community is targeting LEED Gold, and is within short walking distance to parks, transit and downtown Mountain View.

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S.F.'s Newest Mixed-Use, Resi Projects
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Woods Bagot is a household name in other cities across the globe, and now the 1,000-person studio is upping its S.F. game just six years after planting an office at 228 Grant. The office, now at 65 people, just renewed and expanded its lease and exclusively tells Bisnow details for two incoming local projects (see below). Here are some heads of the local office: principal John Britton; principal and head of interiors Tamara White; global consulting leader Steve Hargis; director of development Jeremy Agraz; director Carsten Voecker; director of urban strategies Riki Nishimura; principal Terence Meurk; and exec chairman of North America Patrick Daly.

Woods Bagot

John says the firm has a focus on high-density residential, with the most current example the 109-unit Third Street Apartments at 19th Street. The Potrero Hill owner has long held the property as a family investment and recently started the development process. Right now that part of Third Street corridor isn't pedestrian-friendly, John says, so there will be an emphasis on "urban placemaking": active storefronts, engagement with the sidewalk and spaces to sit with landscaped breaks.

Woods Bagot

The Dogpatch Neighborhood Association applauded the owner's desire to liven up the street and green lighted the project in just two meetings--a real feat in S.F. The plan should be up before the Planning Commission Board in the next four months, with a potential construction start slated for this fall. A family ownership entity also tapped Woods Bagot to design a mixed-use project at 1200 Van Ness (we were the first to unveil the rendering this week). The project at the corner of Post will include a 265k SF residential, medical office and retail building. 

Woods Bagot

The owner bought the site more than 20 years ago and realizes the adjacent Cathedral Hill Hospital will significantly impact the neighborhood. The hope is to develop a complimentary healthcare center and social hub for physicians, healthcare workers and nurses with restaurants, retail and a fitness center (a 24-Hour Fitness is there now). Other high-profile residential projects on Woods Bagot's books include two towers for the long-awaited Parkmerced development and a high-rise luxury tower in LA.

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Stay tuned for some hot Oakland news next week. tierney.plumb@bisnow.com