1.1 million sq. ft. Office
Downtown San Jose 1.1 million square foot office development
TMG Partners, in a venture with Valley Oak Partners, a San Jose-based real estate investment firm, purchased a 5.43 acre land assemblage located within the Diridon Station Area Plan in Downtown San Jose. TMG, as manager of the venture, planned and secured the entitlement approvals from the City to develop just over one million square feet of Class A commercial office. Following the purchase and entitlement approvals, TMG and VOP formed an agreement with Boston Properties, one of the largest publicly-traded REITs in the U.S., to co-develop the site, targeting mid-2019 for the commencement of construction.
The planned three-building campus, known as Platform 16, is adjacent to Google's planned eight million square foot transit village and near Diridon Station, the largest multi-modal transportation hub in the Bay Area consisting of CalTrain, VTA light-rail, the ACE train, and the planned BART (2026) extension and California High Speed Rail line.
Designed by world-renowned architect Kohn Pedersen Fox Associates, the three-building project, consisting of 157,000 square feet, 345,000 square feet, and 490,000 square feet buildings respectively, will feature large floorplates ranging from 25,000 to 90,000 square feet, 15-foot floor-to-floor heights, 16 large outdoor terraces and multiple indoor and outdoor workspaces, as well as on-site amenities, including a large fitness and wellness facility and conference center.
The property is easily viewed and accessed off Highway 237, the main thoroughfare through the City, and is adjacent to the San Jose International Airport. Sited to take advantage of views towards Downtown San Jose, the project has immediate pedestrian and bicycle access to the Guadeloupe River Park, is a ten-minute walk to the restaurants at San Pedro Square and the financial center of San Jose, and a short walk to the SAP Center and Diridon Station.