News
San Francisco Commercial Real Estate

PRIME TIME FOR RETAIL

We used the Bisnow helicopter to get a look at this 30-acre site at Cottle Road and Highway 85 in San Jose. Hunter Storm Properties and El Segundo-based PCCP LLC bought the infill land parcel to develop a 320k SF retail development called Village Oaks. One of the things that appealed most to the JV: there’s tenant demand today “without relying on future rooftops.” (In case there’s any doubt, the partners sold off five acres that are entitled for 220 multifamily units.) Household incomes in the trade area average more than $95k/year, and some 3,000 employees work near the Village Oaks site. If that’s not enough, the whole area has been zoned as a TOD by dint of the proximity of CalTrain. The project is slated to get under way in Q4.

Continue reading this story with a free account

Log in or register
Related Topics: PCCP LLC, Village Oaks
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building