Woz Way Offices is a 1.8 million square foot mixed-use office property located at 280 Woz Way.
SAN JOSE – In this uncertain environment, a company shows that some issues are outside of its control, but others such as the authorization process can be controlled. So says KT Urban from Cupertino, who presented the city of San Jose with a site development permit for Woz Way Offices, a 1.8 million square meter mixed-use office building.
“Our relationship with the city of San Jose is really important and the city works with development to keep things moving,” Shawn Milligan, partner at KT Urban, told GlobeSt.com.
In cooperation with C2K Architecture, KT Urban is planning two 20-story office towers, including 6,000 square meters of retail space and 30,000 square meters of outdoor terraces on several levels on 280 Woz Way on Almaden Boulevard and on San Carlos Street. This place reflects a downtown shift away from Santa Clara Street, Milligan says.
“The confluence of transit infrastructure in San Jose, BART, light rail, express bus, and highways that all converge in downtown is unprecedented. There is no other submarket in Silicon Valley where the technology can physically scale its businesses to meet human capital and transportation needs, ”said Milligan. “As the center of downtown San Jose moves south from Santa Clara Street towards Park Avenue and closer to the transit options, we see the Woz Way project as a great way to activate this area with new opportunities that will Reflect the trend. “
The 2.93 hectare site will also include four parking levels below the class and four levels above the class for a total of 1,215 parking spaces. Located near the Convention Center, Children’s Discovery Museum and several light rail stations, as well as the entrances to Highway 280 and Highway 87, this transit-oriented project is currently set to be groundbreaking in 2021.
“For the past 20 years the focus has only been on suburban offices, but for the first time in two decades a special building is being built in downtown San Jose,” Milligan told GlobeSt.com. “The view of the San Jose International Airport is really the biggest asset. It has seen a huge boom over the past 10 years so we are confident that it will continue once the coronavirus situation is gone. These projects in urban environments benefit from activities and want to be located there. I am very optimistic. “
Given that the top 10 local tech employers have a total cash runway of around $ 600 billion, the local economy is likely to be more resilient to the immediate effects of COVID-19 than less tech, according to a report by JLL -centered markets. While an interruption in real estate activity is inevitable later this year, taking full advantage of the technological innovations created here should mitigate the impact of COVID-19 on large tech companies in the valley, says JLL.