Stop The Presses!
It looks like San Jose Mercury News has zeroed in on a new home at 4 N Second, planning on taking two floors and about 40k SF of space in downtown San Jose. The area is on the verge of blowing up in the next six months, sources tell us. (Duh... pubs are always on top of the next cool thing.) CBRE reps the paper and had no comment.
The square footage of downtown San Jose is relatively small, about 8M SF in all (Silicon Valley's got a whopping 200M SF, depending on where you draw the lines) and sources say space is going to get snapped up quickly. We recently learned about one of downtown's latest residential sites: The Pierce (rendered above). Sares Regis' project will have 232 luxury units and 4,300 SF of retail. Demo work started in April and occupancy is slated for summer 2016.
